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Volume 23 No. 13
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The Market

A measured look at this week’s holdings
Photo: Getty Images
Photo: Getty Images
Photo: Getty Images

Buy

Something Bruin

Bruin Sports Capital received a $600 million investment from two firms, the Jordan Company and CVC Capital Partners, that should allow George Pyne’s four-year-old firm to significantly grow its portfolio, which currently includes six investments.

 

 

Photo: Getty Images
Photo: Getty Images
Photo: Getty Images

Sell

Dent in the Armour

Under Armour just can’t find any traction. Just two weeks after Kevin Plank announced he was handing CEO duties to Patrik Frisk, which was well received by analysts, the company revealed that its accounting practices have been under investigation by the Justice Department and the SEC since July 2017. The news only became public last week, and the questions will cloud UA’s short- and long-term future.


 

Photo: Getty Images
Photo: Getty Images
Photo: Getty Images

Hold

Spin move

Madison Square Garden announced in an SEC filing that it was “pursuing a revised plan for the proposed separation of its sports and entertainment businesses.” The transaction would not take effect until next year, but MSG CEO James Dolan has been under pressure to boost the value of the Knicks and the Rangers.