SportsTech Investment Recap – June 15th
This week’s investment recap highlights the major purchase of an American hockey team as well as investments into the Web3 & esports fields. Stay up-to-date!
Dapper labs is investing in a web3 gaming company
Vancouver-based Web3 game developer GameOn has raised $1.7 million in funding from Lightning Capital and Dapper Labs for its own gaming platform for digital collectibles, PLAYN3XT.
IPL’s Rajasthan Royals secure $40m in investment
New York-based investment firm Tiger Global is poised to invest about $40 million in one of the world’s most famous cricket teams. Looking to capitalize on the fast-growing popularity of the global sport, the technology-focused outfit will invest in the Indian Premier League’s Rajasthan Royals, according to multiple reports.
NHL’s Ottawa Senators to be Sold to Andlauer for Nearly $1 Billion
Michael Andlauer has reached an agreement to acquire the NHL’s Ottawa Senators. The team sold for almost $1 billion, according to people familiar with the matter. The Senators are the first Canadian hockey team to hit the market since the Toronto Maple Leafs in 2012, and one of the new owner’s biggest early priorities will be a new arena location.
Esports sector receives £4m funding boost
Work has begun on £4 million worth of new innovations at the University of Sunderland’s St Peter’s Campus to offer the best possible teaching for new students joining in September.
Manchester United stock skyrockets after rumors of Qatari takeover emerge
The ownership group of EFL League One football club Wigan Athletic has agreed to sell the club to a ‘new buyer’ amid financial difficulties. The news follows a turbulent weekend for the Lactics, which saw two club directors resigning amid the financial crisis.