Private Equity Sports Investments Neared $2B In 2021
U.S. stocks made a ton of money for investors in a decade-long bull market that lasted through the end of last year. But those returns pale in comparison to the windfall from sports investing, particularly in the National Basketball Association.
Kevin Durant Names His VC 'Mentors'
Professional athletes often invest their substantial earnings into small businesses, but the Golden State Warriors take it to the next level. Warriors star wing Kevin Durant talked about his personal business strategy, and his "mentors" are VCs who most techies would kill to have dinner with.
Hedge Fund Titan Signs $2.3B Deal For Carolina Panthers
Hedge fund titan David Tepper agreed to pay $2.3 billion for the Carolina Panthers, a record price for a National Football League franchise, according to people familiar with the deal. The price eclipses the $1.4 billion Terry Pegula paid for the Buffalo Bills in 2014.
LA Dodgers Minor Leaguer Retires At 22 To Launch Crypto Hedge Fund For Athletes
Cryptocurrencies are the wave of the future that will be ushered in by Millennials, says Tyler Adkison, a cryptocurrency hedge fund CEO. At 22, he retired as a minor league baseball player with the Los Angeles Dodgers to launch a crypto hedge fund focused exclusively on athletes.
GIC, Canadian Fund To Invest US$1b In Powerhouse Hollywood Agency WME-IMG
August 03, 2017 7:42 AMSINGAPORE - GIC, Singapore's sovereign wealth fund, and the Canada Pension Plan Investment Board (CPPIB) are investing a combined US$1 billion (S$1.36 billion) in US entertainment, sports and fashion agency WME-IMG.
Silicon Alley To Give Silicon Valley A Run For Its Money
For skeptics of New York City's startup scene, it helps to have a close-up view. Rather than look at things through the lens of Silicon Valley, the Big Apple has developed its own brand of startups. Today, it's branched out to artificial intelligence, biotech, virtual reality, fintech, natural drinks, livestreaming content and mobile app for foodies, sports and drivers looking for a parking space.
A Hedge Fund Veteran Is Trying To Bring Quant Trading To A New Market — Sports Betting
Sports trading company Stratagem raising a £25 million fund to bet on sports; Company set up by ex-hedge funder, run by former Goldman Sachs partner; Stratagem uses artificial intelligence to analyse football, tennis, and basketball, identifying betting opportunities; One of several startups trying to make betting markets more like financial markets.
NPS To Review Investment In Social Infrastructure Projects
National Pension Service (NPS), South Korea’s largest institutional investor, will be studying feasibility of backing the new administration’s plan to increase spending on public welfare infrastructure such as child and senior care centers and rental homes for the low-income class as promised by new President Moon Jae-in through purchase of public debt created for the purpose.
Newell Brands Sells Winter Sports Business To Private Equity Firm Kohlberg & Company
Newell Brands Inc. said Friday that it has sold its winter sports business to Kohlberg & Company, a private equity firm. The winter sports brands include K2, Atlas, Madshus and Dalbello. Sales from the winter sports portfolio were about $330 million in 2016. The transaction is expected to close late in the second quarter or early in the third quarter. The sale is part of an effort to streamline Newell's portfolio. Gross proceeds from the divestiture are expected to be $240 million. In a separate transaction, Newell has sold the Zoot and Squadra clothing brands.
One Liberty Sells Vacant Colorado Property
The company anticipates that the gain from this sale will be $6.5 million. The asset was previously occupied by Sports Authority.