SportsTech Investment Recap – May 24th
This week’s investment recap highlights the potential massive takeover of Manchester United, new AI investment funds, and successful fundraising rounds in the Web3 & Esports sector.
Tom Brady buys ownership into NFL’s Las Vegas Raiders
Tom Brady has agreed to purchase an ownership stake in the Las Vegas Raiders, marking his entry into sports ownership. This partnership signals potential new strategies and developments for the Raiders, with Brady’s vast NFL experience potentially influencing the team’s direction.
Is Liberty Media still looking to sell?
Liberty Media CEO has affirmed that Formula 1 is not for sale, refuting rumors about potential sell-offs. This news reaffirms Liberty Media’s commitment to Formula 1, indicating stability and continued investment in the motorsport.
AI platform, Instawork, raised $60 million to expand technology
With AI technology, job hunting becomes more efficient and targeted, potentially transforming the recruitment landscape in various industries.
Everton agree with MSP Sports Capital for investment in the club
Sources say the deal is not yet done but talks are progressing over funding. MSP looks to have jumped ahead of 777 Partners, which had been in talks over a takeover from owner Farhad Moshiri. The club require funding for their new stadium, being built on Bramley Moore Dock, after costs increased from £500m to about £760m.
Aristocrat is acquiring Israel-based NeoGames in a deal worth $1.2 billion.
Australian company Aristocrat is acquiring Israel-based NeoGames, an online lottery company, in a deal worth $1.2 billion. This acquisition merges Aristocrat’s gaming prowess with NeoGames’ online lottery expertise, possibly leading to innovative, immersive lottery experiences.