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DTI Management, ticket services firm, gets $75M

Published in SportsBusiness Journal on 10 / 17 / 16

Virginia-based ticketing services firm DTI Management has closed on a $75 million round of funding from CVC Capital Partners and New Amsterdam Growth Capital, an investment aimed at accelerating its growth within a rapidly changing ticketing industry. ...

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Tags: Finance

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10/10/16
ISC revenue up, but admissions see dip

International Speedway Corp. released its 2016 third-quarter results last week for the period ended Aug. 31, with the results showing an increase in total revenue but another downtick in admissions revenue. ISC saw total revenue of $129 million during the quarter. That’s up 3 percent from $ ...

Tags: Finance

07/11/16
Learfield’s run fuels talk of sale

Learfield last month closed on its 10th acquisition in two-plus years, adding fuel to the rampant speculation that the company is about to be sold again after a flurry of deals and rapid earnings growth. The question making the rounds now among industry insiders: Can Learfield fetch a price of $1 ...

Tags: Colleges, Finance, Marketing and Sponsorship

05/09/16
Warriors valued at $1.6B

The Golden State Warriors were valued at $1.6 billion as part of a limited partnership sale in the team earlier this year, according to financial sources. The stake that was sold is small, around 1 percent to 2 percent, so the transaction itself was only a low-eight-figure exchange. Still, it off ...

Tags: Finance, Franchises

05/02/16
Properties take on investors, debt

Competitor Group Inc. is not the only company in the endurance space working through some financial engineering, as the once-booming sector struggles to match its high growth rates of recent years. Spartan Race, which operates competitive obstacle course events, raised $10 million late last month ...

Tags: Finance

05/02/16
Lenders to Competitor Group take control

Participation in the Rock ’n’ Roll Marathon Series has not grown at the same rate it did before Calera Capital bought the series’ parent company Competitor Group in December 2012. Photo by: GET ...

Tags: Finance

04/25/16
Braves’ public offering brings questions

At the end of a 94-minute investor call for the newly public Atlanta Braves last Thursday, an analyst asked executives if they were managing for profits or wins. Therein lies the rub that historically has grounded the shares of public sports teams in this country: They don’t peg into the Wa ...

Tags: Finance

04/18/16
MLS seeks to buy back stake

Major League Soccer has approached Providence Equity Partners about buying back the investor’s stake in Soccer United Marketing, the league’s media and marketing business, according to multiple sources. No formal offer has been made, and Providence has thus far rebuffed the overtures, ...

Tags: Finance, Leagues and Governing Bodies

03/14/16
Intel leads funding for VR firm Voke

Virtual reality company Voke has closed on a $12.5 million Series A round of venture capital funding, led by Intel Capital, as it seeks to expand its standing in the burgeoning space. Santa Clara, Calif.-based Voke is one of a select number of companies active in the live streaming of top-tier s ...

Tags: Finance, Media

01/18/16
Kroenke to borrow $1B for stadium

The proposed stadium in Inglewood is currently priced at as much as $2.66 billion, which would make it the most expensive sports facility ever built. Photo by: HKS ARCHITECTS (2) ...

Tags: Finance, Leagues and Governing Bodies

01/11/16
Gilbert, WPP invest in technology fund

Cleveland Cavaliers owner Dan Gilbert and advertising giant WPP have combined to contribute $35 million into a new investment fund they’re calling Courtside Ventures. The venture capital fund will work with Bruin Sports Capital in a partnership to invest in early stage technology and media ...

Tags: Finance

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