Chris Smith

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Finance: Compound Investments

Weekly / Monday, November 28, 2022
M alcolm Jenkins really began to think about investing for the first time in 2010, when he was a second-year NFL safety for the New Orleans Saints. Jenkins’ five-year, $19 million rookie deal was structured so that the first-round draft pick received over $9...

Cerro Capital sees timing advantage in growth-capital space

Weekly / Monday, November 28, 2022
The newest entrant to sports-specific deal-making has already invested alongside some of the industry’s biggest names, and it’s now angling to be a key player in the sports growth-capital niche. Cerro Capital was launched earlier this year by a trio of co-equal managing partners: Andy...

Braves' day-to-day likely not impacted by Liberty move

Closing Bell / Thursday, November 17, 2022
Liberty Media’s plan to spin off the Braves as a standalone, publicly traded company should not impact day-to-day operations for the franchise, according to an internal memo from Braves Holdings Chair Terry McGuirk . “For the most part, nothing will change in how the Atlanta Braves and The...

Athletes Unlimited launching volleyball exhibition tour

Daily / Tuesday, November 15, 2022
Athletes Unlimited is launching a women’s volleyball exhibition tour that will see a roster of 15 of its pro players compete against collegiate programs at eight universities, including Ohio State, Louisville, Wisconsin, Texas and Penn State, in March and April, as well as play intrasquad exhibition games at youth...

Major League Pickleball makes series of moves ahead of 2023

Weekly / Monday, November 14, 2022
Major League Pickleball’s three-event sophomore season ended last month but it has still received plenty of attention in the weeks since. There has been a steady influx of celebrity expansion team investors — including Tom Brady, Kim Clijsters, Kevin Durant and LeBron James — and a partnership with...

SBJ Dealmakers: Raine's Neville talks PGA Tour efforts to stymie LIV Golf

Daily / Friday, November 11, 2022
Raine Group partner Colin Neville said at this week's SBJ Dealmakers event that PGA Tour players are responding favorably to the ideas and concepts leading players have proposed to how the Tour can innovate and improve in response to growing pressure from LIV Golf. Neville was instrumental in the...

U.S. Ski & Snowboard launching women's initiative

Morning Buzz / Friday, November 11, 2022
U.S. Ski & Snowboard is launching the Heroic Initiative, intended to honor and provide additional resources for women in skiing and snowboarding. This year's debut program will focus on career advancement opportunities for women ski and snowboard coaches. More long-term plans include the creation of fellowships, grants, a childcare...

A-B InBev acquires Major League Pickleball team

Morning Buzz / Tuesday, November 8, 2022
Anheuser-Busch InBev is the latest to make a pickleball investment, acquiring the final team in the recent round of expansion for Major League Pickleball. The pickleball league is expanding by four teams -- to a total 16 -- heading into 2023, with the other three franchises previously acquired by...

ESPNW summit spotlights opportunities, strategies for growth

Weekly / Monday, November 7, 2022
While last week’ s espnW Women + Sports Summit provided plenty of retrospectives on Title IX, which marked its 50th anniversary in June, and the establishment of equal pay in women’s soccer, among other notable developments of the past year, the most resounding theme of...