Finance

Twitter CFO talks Olympics' impact on platform

SBJ Newsletters / Friday, July 23, 2021
Twitter CFO Ned Segal during the company’s Q2 earnings call was asked about what impact the Olympics would have on the platform. “The highlights will be there, there'll be pre-roll in front of them from advertisers who have been waiting for this opportunity to connect...

Fanatics CEO Doug Mack on growth of e-commerce, Rubin as dealmaker

Daily / Wednesday, July 21, 2021
Fanatics CEO Doug Mack talked about the company's pandemic-era growth, Exec Chair Michael Rubin's role and its "eye-popping valuation of nearly $13 billion as whispers of a potential initial public offering grow louder," according to a Q&A with Palmieri & Clark of WOMEN'S WEAR DAILY. Below are excerpts...

Pipeline raises $2 million seed round

Esports / Friday, July 16, 2021
Content creator education platform Pipeline announced that it has closed a $2 million USD seed financing round co-led by Scribble Ventures and Amasia. Further investors that participated in the investment include Riot Games co-founder Marc Merril, Discord co-founder Eros Resmini, content creators Vikram Singh “Vikkstar123” Barn, Noah “NoahJ456” last name unknown, Ali “SypherPK” Hassan, Milo “MrRoflWaffles” last...

McLaren Group given fresh boost of investment

Global / Friday, July 16, 2021
The McLaren Group has been given a £550M ($757.8M) boost of "fresh investment" that will help to secure the future of the parent company of the F1 team. Much of the new funding comes from Saudi Arabia's Public Investment Fund (PIF), with some coming from existing investors, "including Bahrain's Mumtalakat."...

TSM FTX investing in Brazil

Esports / Friday, July 16, 2021
A few days after announcing a $210 million USD investment by the cryptocurrency exchange FTX for a 10-year naming rights deal in June, TSM entered the Brazilian esports scene. Being a runner-up in the first local Riot Games-organized Wild Rift...

City Football Group takes out $650M loan

Global / Friday, July 16, 2021
Man City’s parent company City Football Group has raised $650M in one of soccer’s "biggest ever debt deals" as it seeks to "step up investment in its international network" of clubs. CFG, the Abu Dhabi-controlled holding company that owns Man City alongside clubs in the U.S., Australia and India,...

COVID still impacting IMS finances despite strong ticket sales for '22 race

Daily / Friday, July 16, 2021
Penske Entertainment President & CEO Mark Miles said that the corporation "won’t see full relief" from the pandemic's financial impact until the '23 Indianapolis 500, despite the effects of COVID-19 "waning on spectator sporting events at every level," according to Nathan Brown of the INDIANAPOLIS STAR. When Penske...

GameSquare Esports to acquire marketing agency Cut+Sew & Zoned

Esports / Thursday, July 15, 2021
GameSquare Esports - the Canadian Securities Exchange-listed parent company of esports organization Complexity Gaming, esports agency Code Red Esports, and Gaming Community Network and minority owner of League of Legends team Rainbow7 and Crossfire team LGD.REC - announced that it has entered into a definitive agreement to acquire 100%...

David Tepper launches private equity firm, with sports buys to be a priority

Daily / Thursday, July 15, 2021
NFL Panthers Owner David Tepper has become the "founding investor for a private equity firm that plans to invest in growth companies, special situations and the media and sports sectors," according to Miles Weiss of BLOOMBERG NEWS. The firm, Andalusian Private Capital, was "co-founded by one of...