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Finance Notes: Arsenal Majority Shareholder Stan Kroenke Increases Stake

Arsenal majority shareholder Stan Kroenke increased his stake in the club to 67.09% with the purchase of 22 ordinary shares. The 70-year-old's company, Kroenke Sports & Entertainment UK Inc., acquired the shares at a price of £28,000 ($39,195) each, meaning an investment of £616,000 ($862,289) to up his holding by 0.04% (London EVENING STANDARD, 1/23).

Esports One, a company developing real-time data and analytics solutions for esports broadcasts, announced the close of a $3M seed round. The funding was co-led by XSeed Capital and Eniac Ventures, with participation from Crest Capital -- "this being the first esports venture for all three firms." Esports One's first platform, designed around League of Legends, uses proprietary computer vision technology, machine learning and custom datasets (THE ESPORTS OBSERVER, 1/23).

For more coverage of the business of esports, visit our partners, esportsobserver.com.

Former Formula 1 champion Niki Lauda won the bidding for the Niki airline he founded, "convincing the insolvent carrier's administrators in marathon talks and undoing an agreed deal with British Airways owner IAG." The previously agreed sale of Niki to IAG "fell through after two courts ruled the insolvency proceedings had to move to Austria from Germany." The purchase price was not disclosed (REUTERS, 1/23).

SBJ Morning Buzzcast: April 25, 2024

Motor City's big weekend; Kevin Warren's big bet; Bill Belichick's big makeover and the WNBA's big week continues

TNT’s Stan Van Gundy, ESPN’s Tim Reed, NBA Playoffs and NFL Draft

On this week’s pod, SBJ’s Austin Karp has two Big Get interviews. The first is with TNT’s Stan Van Gundy as he breaks down the NBA Playoffs from the booth. Later in the show, we hear from ESPN’s VP of Programming and Acquisitions Tim Reed as the NFL Draft gets set to kick off on Thursday night in Motown. SBJ’s Tom Friend also joins the show to share his insights into NBA viewership trends.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. 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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