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...The SSG deal does not include the $700bn Saudi Arabia’s Public Investment Fund at this stage although it allows for co-investment from the wealth fund in the future....
...In the US, private equity titan Josh Harris led the $6bn acquisition of the Washington Commanders NFL franchise this year....
...Billionaire Rob Walton, heir to the Walmart retail fortune, acquired the NFL franchise for $4.6bn....
...Guggenheim shocked the baseball world by paying a then-record $2.15bn sum for a Major League franchise....
...Then, late on Tuesday, Carlyle Group co-founder David Rubenstein reached an agreement to buy Major League Baseball’s Orioles for $1.73bn....
...“We’ve now got 50, give or take, team partners around the world,” co-founder Tom Beahon told the Financial Times. “We’ve proven that we can help them grow their merchandise revenues....
...Last month, UK billionaire mogul Mohamed Mansour led a $500mn purchase of a newly created MLS franchise, San Diego FC, while the league began its landmark 10-year, $2.5bn broadcasting contract with Apple...
...Smart reads The journalist turned banker Joe Ravitch, co-founder and partner at The Raine Group, talks to the Times about brokering multibillion-pound sales of Premier League clubs....
...A year later, Justin Gmelich, another former Goldman partner, joined as co-CIO alongside the promoted Russo....
...Sixth Street Partners has invested in Spanish football clubs Real Madrid and FC Barcelona....
...Transfer Market Michael Edwards (left) is back at Liverpool FC. The 44-year old will return to Anfield with a new job title — chief executive of football at Liverpool owner Fenway Sports Group....
...Middleton, who grew up in the UK city of Leicester and is an avid fan of local football club Leicester City FC, tried in the late 1990s to set up a nightclub in the London venue that later became Fabric....
...Co-founders Jonathan Nelson and Don Cornwell come from the worlds of asset management and investment banking....
...Ares is also a backer of Inter Miami, the football club co-owned by former England captain David Beckham, who negotiated an option to buy into a Major League Soccer franchise while he was still playing the...
...The US owner of Liverpool FC and the Boston Red Sox is expanding into golf by buying a team in a new virtual league owned by star players Tiger Woods and Rory McIlroy....
...Founded in 2019, Arctos is at the vanguard of the rush of private capital into sport, having snapped up indirect holdings in Premier League football club Liverpool FC and the Boston Red Sox baseball franchise...
...She led the Angel City FC funding round with actress Natalie Portman and Reddit co-founder Alexis Ohanian....
...“Until that stadium opens you need to make sure you build it on time and at cost,” says Greg Carey, global co-head of sports franchise at Goldman Sachs....
...Last month, the first team franchises were awarded, with Los Angeles Golf Club going to social news website Reddit co-founder Alexis Ohanian, his wife Serena Williams, and her sister Venus....
...[MUSIC PLAYING] So, Saffeya, you spoke with Aly Wagner, who’s the co-founder of this team, Bay FC. So where did this idea come from in the first place?...
...Wrexham FC is fresh from winning promotion to League Two, the fourth tier of English football....
...The new team, San Diego FC, will join the MLS in 2025 and will be co-owned with the Sycuan tribe — an indigenous group native to the city — as well as local Major League Baseball star Manny Machado....
...Early expectations that a sale would set a new record for a sports team are in question, particularly since the $6bn bid for the Washington Commanders NFL franchise by a consortium led by Apollo co-founder...
...Pagliuca, who co-owns the Boston Celtics basketball franchise and Italian football club Atalanta Bergamasca Calcio, told the Financial Times’ Business of Football summit that large clubs should realise that...
...Boutique advisory firm Moelis & Co has also hired 11 software investment bankers from SVB Securities....
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