Chris Smith

  On May 3, 2023, the Federal Reserve voted unanimously to raise interest rates, the ninth rate hike in 12 months. During that yearlong period, the target federal funds rate rose more than fivefold, topping 5% as the Fed contended with historic levels of...

Boomerang, a digital lost-and-found platform, has raised a $4.9M seed round led by LightShed Ventures. Other new investors in the Miami-based company include VC firms GGV, SeventySix Capital and leAD’s Lake Nona Sports & Health Tech Fund; musician Drake ; Equinox founder Lavinia Errico ; and NFLers ...

In many ways, 2023 was the year of women’s sports investing, especially as the year drew to a close. In October, the owners of the Golden State Warriors agreed to pay a record $50 million for a WNBA expansion team. A month later, it...

Lifestyle brand Eastside Golf has raised a seed funding round led by EP Golf Ventures, the early-stage investment vehicle launched in 2022 by Elysian Park Ventures and the PGA of America. Terms of the investment round and other investors were not disclosed, though a source familiar with...

Bruin Capital has invested around $38M to take a significant minority stake in London-based production company Box to Box Films, according to a source with knowledge of the transaction. The deal closed in recent weeks and provides growth capital to support the further expansion of Box to Box, which...

The influence and proliferation of sports entertainment will continue in 2024. Here are some projects to look forward to in the months ahead. “Six Nations: Full Contact” Netflix ...

Bruin Capital is in the final stages of negotiating an agreement to sell its 80% stake in marketing agency Two Circles to British private equity firm Charterhouse Capital Partners at a valuation of £250 million, or around $317 million. That represents a more than 650% increase in value...

Ares Management, the alternative investment giant with nearly $400 billion under management, has long been a player in sports. By 2021, Ares had acquired minority investments in Atletico de Madrid, McLaren Racing, Meadowlark Media and the Professional Fighters League, and it had arranged...

Major theatrical releases about sports are few and far between. Those about sports business are even rarer. And yet “Air,” the March release about Nike’s efforts in 1984 to sign incoming NBA rookie Michael Jordan, combined a superstar cast (Ben Affleck, Matt Damon, Viola...

The Washington Spirit today announced that team owner Michele Kang has acquired the London City Lionesses, an independent women’s soccer club that’s part of the second-tier Barclays Women’s Championship League. The deal gives Kang one of the 24 teams in the Women’s Super League, which is splitting...