SportsTech Investment Recap – March 30th
This week’s investment recap in the sports industry highlights 2 MASSIVE purchases of professional teams that is set to shake the market.
Tom Brady becomes minority owner of Las Vegas Aces
Seven-time Super Bowl champion quarterback Tom Brady has acquired an ownership stake in the WNBA champion Las Vegas Aces.
SlamBall snags big investors
SlamBall, which enjoyed some buzz in the early 2000s, is coming back with the help of some big investors. The sport combines basketball, football and trampolines. SlamBall raised funding from David Blitzer, Michael Rubin and NBA player Blake Griffin, among others.
The Three-horse race to buy Manchester United
Despite all the rumors circulating, there are currently only three confirmed bidders for the club: British billionaire Jim Ratcliffe, Qatari Sheikh Jassim Bin Hamad Al Thani, and Elliot Management Group.
New $100 million fund to bring equity to women’s sports
Venture capitalists Kara Nortman and Jasmine Robinson announced the close of a $100 million fund, the Monarch Collective, with a mission to “accelerate equity in global sport.”
A Magic Johnson led investment group looking to purchase NFL team for $6 Billion
If the $6 billion offer for the Washington Commanders from the Josh Harris/Mitchell Rales group is accepted, it would break the record for the sale of a franchise that was set in August 2022 when the group led by Walmart heir Rob Walton bought the Denver Broncos for $4.65 billion.