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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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Whitener sees opportunities in tech

Gordon Whitener has his fingerprints on up to a dozen businesses at any given time. Some he owns, some he consults with, and some he guides from a distance. His business, The Whitener Co., typically invests in businesses — a portion of which are sports-related — that play in the media a ...

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Bon Jovi joins On Location partners

Rocker Jon Bon Jovi is putting his name and money behind On Location Experiences, the restructured NFL experiential hospitality business. In a pair of transactions, Bon Jovi sold his own company, Runaway Tours, to On Location and also made a cash investment, making him one of four equity partners ...

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Morgan Stanley adds to loan program

Morgan Stanley’s fledgling athlete financial advisory group is ramping up its loan program, expanding it to more NFL draftees and opening it to the NBA. Tales of athletes defaulting on loans have become common enough that Morgan Stanley saw an opportunity to pair a loan program with a finan ...

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MP & Silva latest to shop stake

European sports agency MP & Silva, which recently opened its first U.S. office, is shopping a stake in the firm, financial sources said. The London-based firm, best known for handling media rights sales throughout Europe, especially in soccer, is the latest company looking to tap the financia ...

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Spartan Race looks for added investment

Suitors have made offers to acquire obstacle course series Spartan Race Inc. this year as the company seeks additional capital. Spartan Race retained Piper Jaffray to circulate a prospectus earlier this year, multiple sources said. The company originally sought a $100 million valuation but found ...

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Future MLS club teams with Galatioto

Minnesota United FC hired sports investment bank Galatioto Sports Partners to raise between $100 million and $150 million in equity to fund the new stadium that the team needs when it moves up to MLS from the North American Soccer League. GSP is not yet in the market seeking investors because the ...

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Relativity Sports eyes next step

While Relativity Media was in the midst of a very public Chapter 11 bankruptcy protection filing just a few weeks ago, Relativity Sports was quietly undergoing an ownership shift. Just two days before Relativity Media filed for Chapter 11, an entity controlled by billionaire and Pittsburgh Pengu ...

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DraftKings closes on $300M funding round

Daily fantasy sports giant DraftKings has closed on a $300 million Series D round of venture funding, valuing the company at more than $1 billion and extending a historic wave of investment into the space. Fox Sports led the round, joined by MLB, the NHL, MLS, Madison Square Garden and Legends Ho ...

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Daily fantasy rakes in more funds

The vast amounts of money pouring into daily fantasy sports came into even sharper focus last week as FanDuel completed a $275 million Series E round of venture capital fund, and chief rival DraftKings neared a similarly massive fundraising of its own. The funding for the New York-based FanDuel, ...

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ESPN to buy stake in DraftKings

RELATED STORY : • Jan. 5: ESPN eyes getting into daily games The stakes in daily fantasy keep getting bigger. DraftKings is close to getting significant financial backing from arguably the most powerful brand in sports: ESPN. Industry sources said ESPN has agreed to invest hun ...

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