Featured Story

Blue Star Sports Continues Growth In Youth Athletics; May Buy Another 15-20 Companies

Published in SportsBusiness Daily on 09 / 18 / 17

In about a year and a half, Jerry Jones-backed Blue Star Sports has “become a force in the youth sports industry, with ties to some of the biggest names in professional sports,” according to Melissa Repko of the DALLAS MORNING NEWS. Blue Star Sports has raised more than $200M in funding ...

Read More

Tags: Finance

More Stories

08/07/17
Callaway Posts Better Q2 Financial Results

Callaway Golf’s shares surged 8% on Friday after the company "posted better than expected financial results and said it is buying apparel brand TravisMathew," according to Mike Freeman of the SAN DIEGO UNION-TRIBUNE. Callaway will pay $125.5M for the Huntington Beach-based clothing outfit ...

Tags: Finance, Callaway Golf

08/07/17
Home Team Marketing Gets $5M Investment

A partnership started last year between Cleveland-based Home Team Marketing and ticketing firm Eventbrite "worked so well that the groups are extending it," and that extension has helped HTM secure a $5M investment from affiliate of asset management firm Lyrical Partners, according to Kevin Kleps of ...

Tags: Finance

08/04/17
WME-IMG Gets Momentum With New Investment

WME-IMG has given itself "plenty of additional fuel" with a recent $1.1B investment, but the additional funds "may also mean the big-spending agency needed some more financial support," according to Preesberg & Burch of THE WRAP. WME-IMG said that the move is "all about growth." But Va ...

Tags: Finance

08/02/17
WME-IMG To Receive $1.1B Investment

WME-IMG is about to receive a $1.1B investment "led by a Canadian pension fund and a Singaporean sovereign wealth fund" that would value the agency at $6.3B, an increase from $5.5B in '16, according to Gene Maddaus of VARIETY. Silver Lake Partners, the private equity firm that owns a majority s ...

Tags: Finance, William Morris Endeavor, IMG, UFC

08/02/17
Under Armour Restructuring To Be Expensive

The restructuring plan Under Armour Founder, Chair & CEO Kevin Plank outlined yesterday is "going to come at a huge cost" -- potentially up to $130M -- and "didn’t impress investors" on Wall Street, according to Evan Clark of WOMEN'S WEAR DAILY. Despite Plank saying UA will get "str ...

Tags: Under Armour, Finance

08/02/17
Dodgers, David Stern Invest In Tech Firm Keemotion

Sports tech outfit Keemotion has secured $3.6M in Series A financing, with the round supported by several groups and individuals, including Dodgers' ownership, R/GA Ventures and former NBA Commissioner David Stern. Keemotion's technology allow ...

Tags: Finance

08/01/17
MSG Invests In Esports Teame Counter Logic Gaming

MSG Co. yesterday confirmed its "acquisition of a controlling stake" in esports team Counter Logic Gaming, marking the company's first competitive gaming investment and "signalling a diversification in their portfolio of partnerships," according to Ellis Hyman of ESPORTS OBSERVER. CLG is curren ...

Tags: Madison Square Garden, Finance

08/01/17
Under Armour Rolls Out Restructuring Plan

Under Armour "posted a better-than-expected quarterly loss and announced a sweeping restructuring plan" today as the brand "continues to struggle in a competitive market," according to Lorraine Mirabella of the Baltimore SUN. The company reported a net loss of $12M for the three months that end ...

Tags: Finance, Under Armour

07/28/17
Adidas Sells CCM To Birch Hill For $110M

Adidas on Thursday formally announced the sale of hockey brand CCM for $110M to Canada-based private equity firm Birch Hill Equity Partners, a week after it was first reported , according to Josh Kosman of the N.Y. POST. A source said that Adidas is "lending Birch Hill money equal to at least one-t ...

Tags: Adidas, Finance

07/26/17
SMI Sees Positive Q2 Trend Lines At Its Tracks

SMI saw positive trend lines in overall and youth attendance at its tracks as the company reported gains in total revenue and net income for Q2. Among its eight tracks, SMI hosted five major NASCAR weekends in Q2 (including one that also featured an IndyCar race), along with three NHRA events a ...

Tags: Finance, Speedway Motorsports Inc.

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug