SportsTech Investment Recap – June 22nd

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!

Michael Jordan is selling his majority stake in the Charlotte Hornets for $3 billion

Basketball legend Michael Jordan has agreed to sell his majority stake in the National Basketball Association’s Charlotte Hornets to wealthy investors Gabe Plotkin and Rick Schnall, a representative for Jordan confirmed Friday.

Tampa Bay Lightning to sell minority stake at NHL record $1.4 billion valuation

The Tampa Bay Lightning are reportedly set to sell a minority slice of the franchise to private equity group Arctos Sports Partners at an NHL record valuation of $1.4 billion, according to Sportico.

Leeds United: Rickie Fowler reveals hopes of Leeds investment with Jordan Spieth and Justin Thomas

Fowler has told us at the US Open in Los Angeles that fellow elite golfers Justin Thomas and Jordan Spieth could also “potentially” be involved with the club, now that the deal is in the final stages.

DraftKings offers to buy PointsBet’s U.S. business for $195 million, 30% premium over existing offer from Fanatics

“While we continue to focus on operating more efficiently and driving substantial organic revenue growth in the United States, we will also look to prudently capitalize on compelling opportunities at attractive valuations, as is the case with PointsBet’s U.S. business,” said DraftKing’s CEO Jason Robins in a statement.

The Sports Technology Market size is set to grow by USD 29,950.64 million from 2022 to 2027

The rising number of sports technology events is the prime factor driving the global sports technology market growth. Events using sports technology are not limited to online audiences. The use of sports technology in physical locations augments the target audience, actively encourages the concept of sports technology in the field, and improves the morale of sports technology players.

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