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Mark Cuban Among Group That Has Raised $7M For ESports Company Unikrn

Published in SportsBusiness Daily on 06 / 30 / 15

Mavericks Owner Mark Cuban is part of an investor group that has raised $7M for Unikrn, a Seattle-based eSports company that allows for legal wagering around competitive video game matches and tournaments. Cuban participated in the funding round along with Binary Capital, Advancit Capital, Freelands...

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Hudl Closes $72.5M Round Of Funding

Hudl, a Nebraska-based software developer of video analysis tools for players and coaches, has closed on a $72.5M round of Series C venture funding. The round, led by Accel Partners and student loan provider Nelnet, represents another sign of the surging interest of the venture capital community in ...

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MSG Confirms Plans To Split In Two

Madison Square Garden Co. confirmed on Friday that it "will break itself up," dividing the Knicks and NHL Rangers from the company’s RSNs, according to Michael de la Merced of the N.Y. TIMES. The move "comes five months after the company announced plans to explore such a breakup" in order ...

Tags: Finance, Madison Square Garden, New York Knicks, New York Rangers, New York Liberty, MSG Network

Asics America Enjoys Strong '14

Asics is "feeling a 'runners high' after a year of record-breaking sales for its Americas division," according to Joanna Clay of the ORANGE COUNTY REGISTER. Irvine-based Asics America -- which "includes the U.S., Brazil, Canada and Mexico -- for the first time" topped $1B in sales in '14. The sales ...

Tags: Asics, Finance

Adidas Aims To Grow Profits By 15% Annually

adidas this morning announced an "ambitious five-year financial plan," called "Creating the New," which would see the company increase profits by 15% annually and "grow sales at a high single-digit rate," according to Allan Brettman of the Portland OREGONIAN. The company said that it "will pay" 30-5 ...

Tags: Finance, Adidas

Norman's Company Opens Investment Arm

Fox golf analyst Greg Norman is "branching out from golf course design and wine to start his own asset-based debt-lending fund" with $75M in capital, according to Michael Buteau of BLOOMBERG NEWS. Great White Shark Opportunity Fund, part of Norman’s Great White Shark Enterprises, "will be led ...

Tags: Finance, Golf

Wilson Purchases Louisville Slugger

Hillerich & Bradsby yesterday announced that it is "selling its iconic Louisville Slugger brand to Wilson Sporting Goods, cutting 52 employees or a fifth of its workforce," according to Grace Schneider of the Louisville COURIER-JOURNAL. Under the $70M "cash deal due to close in June, Wilson woul ...

Tags: Finance, Wilson Sporting Goods

FIFA Makes Record Revenue Of $2B

The World Cup’s commercial power led to record revenue of $2B for FIFA last year, with $337M in profits "coming from the four-year cycle" leading up to the '14 tournament in Brazil, according to the AP. FIFA, which pocketed $140.7M in profit in '14 alone, added $91M to its reserves, "which now ...

Tags: Finance, FIFA

TLA Worldwide Acquires Elite Sports Properties

Talent agency TLA Worldwide today announced the acquisition of Elite Sports Properties in a deal worth up to $19.5M. Under terms of the deal, TLA is paying an initial $10.3M for the Australia-based agency. The amount will be split up into a cash payment of $7.7M along with the allocation of more tha ...

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Mobile Fantasy Company Closes VC Funding

New York-based daily fantasy sports company Draft has closed on a $3.5M Series A round of venture capital funding, led by California-based Upfront Ventures. Draft offers a mobile-oriented, more casual daily fantasy product, described by company executives as a Words With Friends for fantasy sports b ...

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Discovery, Liberty Get Formula E Stake

Discovery Communications and Liberty Global on Monday "unveiled a deal to take a stake in the company behind the Formula E electric racing circuit after previously looking at a deal for Formula One," according to Georg Szalai of the HOLLYWOOD REPORTER. Financial details were not disclosed. Howe ...

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