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Source: Saudi Arabian Prince Expected To Make "Significant Investment" In Endeavor

Published in SportsBusiness Daily on 01 / 16 / 18

Endeavor, the holding company for WME, PBR, UFC and IMG, is "poised to get a significant investment from Saudi Arabian Crown Prince Muhammed bin Salman," according to a source cited by Donnelly & Waxman of THE WRAP. Bin Salman has been "seeking to open up Saudi Arabia to new forms of indust...

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Tags: Finance, William Morris Endeavor, IMG

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Source: Fertittas Sell Remaining Equity In UFC

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Tags: UFC, Finance

Fanatics Closes On $1B Funding Round Led By SoftBank

Fanatics CEO Doug Mack said that the company has closed a $1B funding round led by SoftBank Group's Vision Fund, which will "give it the firepower to expand internationally," according to Liana Baker of REUTERS. The new funding will value the Jacksonville-based company at $4.5B, which is "more ...

Tags: Finance

Kevin Durant Latest NBAer To Invest In Tech Start-Ups

Warriors F Kevin Durant is "one of several NBA superstars making a fast break for tech investments, partnerships and start-up equity," and has invested an "undisclosed amount in start-up Rubrik," according to Jon Swartz of USA TODAY. Durant also was named a board adviser for "advice on strategic mar ...

Tags: Finance

Vicis Looks To Take Its Zero1 Helmet Into NFL's Mainstream

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Tags: NFL, Finance

SquadLocker Lands Causeway Media Funding

Causeway Media Partners, an investment fund co-founded by Celtics Managing Partner & CEO Wyc Grousbeck, has led a Series B funding round of more than $7M for SquadLocker, a Rhode Island-based youth sports apparel company. SquadLocker allows teams to design and order their own custom uniforms and ...

Tags: Finance

Pegulas Acquire N.Y.-Based AdPro Sports

Bills co-Owners Terry and Kim Pegula yesterday acquired a majority ownership stake in N.Y.-based AdPro Sports  and the company's President Ron Raccuia said the move will serve as "rocket fuel" for the branded merchandise firm, according to Matt Glynn of the BUFFALO NEWS. Raccuia: "It just give ...

Tags: Finance

China Clamps Down On Sports Investments

China's government is "moving to curb domestic companies' investments abroad in property, sports, entertainment and other fields, following a series of high-profile, multibillion-dollar acquisitions by Chinese firms," according to the AP. This marks the "latest move by regulators to tap the bra ...

Tags: Finance

Dick's Sporting Good Shares Fall Sharply

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Tags: Finance, Dicks Sporting Goods

21st Century Fox Cable Networks Lift Revenues

Higher fees for the Fox News, FX and sports cable networks "lifted revenues" for 21st Century Fox and "helped offset weak performances from the Fox Broadcasting and film units," according to Maria Armental of the WALL STREET JOURNAL. Fox "reported a 10% gain in the fees pay-TV distributors pay to ca ...

Tags: Fox, Finance

Fanatics Getting $1B From SoftBank Group

Japan-based SoftBank Group and its Vision Fund are closing a $1B investment in online retailer Fanatics, "part of a sizable bet" that Fanatics' licensing agreements with the NFL and other entities "give it the power to compete" with Amazon, according to sources cited by Mickle & Hoffman of the W ...

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