Los Angeles Dodgers co-owner Todd Boehly made a lucrative offer last March that Sportradar Group AG founder and CEO Carsten Koerl could not pass up. He proposed a merger with his special purpose acquisition company (SPAC) Horizon Acquisition Corp II that would have valued Sportradar at US$10 billion. That was 110 times the adjusted cash flow of the Swiss sports gambling data company in 2020 of 76.9 million euros (US$90.4 million). Most of its peers were valued at less than half that multiple.