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Finance Notes: David Lloyd Owners Readying £1.3B Sale Of Gym Chain

The owners of leisure business David Lloyd are readying a £1.3B ($1.6B) sale of the gym chain after "bulking up with the recent purchase of a collection of Virgin Active clubs." The "looming sale is already drawing interest from large private equity firms" ahead of an official auction. Before sale talks can "kick off," the U.K.'s competition watchdog is "expected to investigate David Lloyd's takeover of the Virgin Active clubs" (London TELEGRAPH, 3/4).

Indonesia's esports platform RevivalTV is "a mere seven months old, but it has scored a major investment deal." Indonesia's esports industry has "been tipped" to have a compound annual growth rate of 40% and will hit $841.8M in total revenue this year. Its backer is DNC, a $10M fund initiated by China-based Zhexin IT (ASIA SPONSORSHIP NEWS, 3/3).

Former League Two side Leyton Orient Owner Barry Hearn said that he "now regrets selling the club." Last week, the club was served with a winding-up petition from U.K. tax authority HMRC. Hearn said, "Looking where we are now, I would never have sold if I had thought this was going to happen. Hindsight is a wonderful advisor. At the time, I thought it was perfect for everybody -- fans, myself, the club" (BBC, 3/3).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

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.

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