LaSource Newsletter - August Sports & Tech Round-Up
With the Paralympic Games, Premier League, and US Open all in full swing, there is quite a lot of sporting action to follow. As we move into September, we’re excited to bring you our latest Sports Tech Round-Up!
In this edition, we take a closer look at two major industry developments from August that are shaping the future of sports.
First, we explore HUDL’s acquisition of StatsBomb, a move with significant implications for the football industry, data service providers, and the overall economics of sports data.
Next, we delve into Commonwealth’s innovative approach, where fans can invest directly in the careers of rising tennis stars, setting a new trend in athlete crowdfunding.
But that’s not all—this edition also features a press release on how we facilitated a media rights agreement between Iraqi OTT platform 1001TV and LaLiga for the MENA region, a case study on our partnership with the Swiss Football League to help them achieve their Digital Vision 2027, and an article from TurfCoach on how Stuttgart Arena maintained a pristine playing surface throughout Euro 2024. Plus, our “Additional Time” section highlights the latest moves across the NFL, Liverpool FC, the Premier League, SSC Napoli, and more.
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StatsBomb’s advanced data analytics bolster Hudl’s professional suite, enabling deeper actionable insights for football and American football teams.
?? Our Take:
This news is hard to miss if you follow the sports analytics market. HUDL, after acquiring Wyscout and WIMU, has now taken another major step by incorporating StatsBomb, further diversifying its analytics service offerings. Some may question why HUDL is positioning itself this way, but the real question is: why not? Originally known for its in-stadium camera hardware that collects data, HUDL has expanded into providing comprehensive data services to sports and media organisations.?
By bringing StatsBomb’s advanced analytics solutions into the fold, HUDL aims to address the fragmentation issue some coaches and teams face by consolidating all insights and data solutions into a single platform. It also positions HUDL into the lucrative market of data analytics and visuals, complementary to the data collection one, while helping them gain new customers and upsell current ones with their latest suite of advanced services.
The integration of HUDL’s video capabilities with StatsBomb’s advanced data models—featuring tools like freeze frames for expected goals and defensive pressure analysis—promises to enhance football strategy, team/player performance analysis and player recruitment. What does this mean for the football performance tech industry? Has HUDL created a "monopoly" of sorts? The answer is no, even though HUDL tries to catch up seriously and compete with leaders in the market, such as Stats Perform. Despite building a one-stop shop with this acquisition, clubs, leagues, and national associations still have the option to choose individual service providers for their performance needs, whether it’s scouting analytics, performance analytics, or different video solutions.?
Most European football clubs prefer this approach to avoid becoming overly dependent on a single solutions provider.As for the competition, many companies offer specialised services for specific parts of the football performance value chain. However, with HUDL’s development of a comprehensive, all-in-one platform, it becomes more challenging for single-product companies to compete. Integrating a standalone data analysis tool with HUDL’s suite of services could be more complex and less attractive for users already within HUDL’s ecosystem. New start-ups in this very competitive space need to find their key differentiator into what they can maximise from a data processing and analysis standpoint to survive and hopefully be acquired at a later stage by a well-positioned company like Hudl.?
This is still possible as we can see with the likes of SkillCorner but this has become harder and harder. From a business perspective, this move appears to be a smart one for HUDL. Still, it will be interesting to see how they manage pricing for their new offerings, especially after the backlash they faced over the high costs of their scouting analytics solution following the InStat acquisition. Ultimately, the football organisations—the actual customers—will still have the final say in choosing their providers.?
Sports investing platform allows members to buy shares in up-and-coming athletes to help fund career.
?? Our Take:
One of the most fundamental issues the sport of Tennis faces is Economics. As an individual sport, aspiring professionals often have to fund their tours, equipment, lodging, and other associated costs as they try to climb the ladder. A professional tennis career is expensive, and that is what Commonwealth aims to solve through its straightforward approach to crowdfunding.
Their approach to player investment in tennis has proven viable due to three key components. First, each offering is fully transparent and regulated by the U.S. Securities and Exchange Commission (SEC), ensuring trust and accountability. Second, their acquisition of ALAO Invest has paved the way for approval from the U.S. Financial Regulatory Authority (FINRA), enabling a seamless digital wallet setup. Third, their 16,000-strong community, with a minimum investment of $50, has successfully attracted a broad base of investors for each offering rather than relying on just a few.?
One may ask, what would be a fair deal for emerging tennis pros and their potential investors? Commonwealth’s model has the potential to significantly reduce financial risk for players and their families by raising significantly large amounts. This capital can cover the high costs of a professional tennis career, particularly in coaching and training, allowing players to focus on their process and skill improvement. Investors could break even if the player maintains a consistent Challenger-level ranking (100-350), with the potential for both the player and investor to benefit if the player breaks into the top 100.?
Additionally, the terms are designed so players aren’t tied to the investment for their entire career while giving investors enough time to be part of their development journey. Addressing the tough challenges in tennis is the key to creating meaningful, lasting improvements in the sport. Commonwealth’s platform can solve one of the most difficult issues, with the potential to positively impact many players in the future.
??? What's up at LaSource?
The Arabic-language streaming service 1001 has announced the successful acquisition of the co-exclusive LaLiga broadcasting rights for Iraq. As strategic advisors on this media rights project, LaSource assisted 1001 in the preparation and negotiation of this unique partnership in the region. Read the press release to learn more.
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Our latest case study highlights our achievements as consulting partners of the Swiss Football League. Discover how we are supporting the league in implementing a comprehensive digital strategy to realise its Digital Vision by planning key initiatives through 2027.
Building on the success of their previous partnership, which brought interactivity to the Star Academy fan experience in 2023, LiveLike and TF1 took their collaboration to new heights with the TF1+ app’s innovative Game Center experience for Euro 2024 earlier this year.
Post the conclusion of the recently concluded UEFA Euro 2024, our client, turfcoach had the opportunity to speak with the head groundsman of MHP Arena and VFP Stuttgart, Fabian Riesterer, one of the key venues that hosted the tournament. Read the full interview.
??? Additional time
Innovation & New Technologies
Media & Entertainment
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Investment & Governance
LaSource is a sports consulting agency working closely with startups, sports tech companies, and sports and media organisations to create and implement business strategies that accelerate growth and shape the future of the Sports industry.