Menu
Finance

Global Eleven Sues Swiss Sports Marketer Kentaro After Football Investment Fails

Football investment fund Global Eleven, whose backers include the son of an Italian count, sued Swiss sports marketer Kentaro, saying that "it failed to return profits from matches played by five-time world champion Brazil," according to Tariq Panja of BLOOMBERG. Global Eleven Administrator Nick Hoskins, a lawyer with Bermuda-based Wakefield Quin said, "The company is currently in litigation with Kentaro for breach of contract and for non-payment of amounts due and ongoing under those contracts. Until this matter is resolved, it isn't possible to comment any further." Global Eleven raised as much as $20M "to invest in marketing rights for exhibition games played by Brazil that Kentaro held until last year." Two people familiar with the matter said that Global Eleven's suit seeks about $8M in damages. Most of the claim is linked to Brazil's exhibition games, "which Kentaro began promoting" in '06. Kentaro COO Jonathan Hill and company spokesman Johannes Berendt "declined to comment" (BLOOMBERG, 5/7).

SBJ Morning Buzzcast: March 18, 2024

Sports Business Awards nominees unveiled; NWSL's historic opening weekend and takeaways from CFP deal

ESPN’s Jay Bilas, BTN’s Meghan McKeown, and a deep dive into AppleTV+’s The Dynasty

On this week’s Sports Media Podcast from the New York Post and Sports Business Journal, ESPN’s Jay Bilas talks all things NCAA. Big Ten Network’s Meghan McKeown shares her insight into the Caitlin Clark craze. The Boston Globe’s Chad Finn chats all things Bean Town. And SBJ’s Xavier Hunter drops in to share his findings on how the NWSL is making a social media push.

Learn more about your ad choices. Visit megaphone.fm/adchoices

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2013/05/09/Finance/Global-Eleven.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2013/05/09/Finance/Global-Eleven.aspx

CLOSE