Bain, Nextalia buying Deltatre from Bruin Capital

Morning Buzz / Thursday, June 23, 2022
Bain Capital and Nextalia SGR have agreed to acquire sports & entertainment tech provider Deltatre from Bruin Capital. Deltatre, which offers streaming solutions and live broadcast enhancements, counts among its clients the NFL, MLB, MLS, UEFA and more. It has a presence in 14 countries; its OTT solutions have approximately...

FaZe clears important step in going public; two key hurdles remain

SBJ Newsletters / Thursday, June 23, 2022
FaZe Clan is one step closer to going public after the SEC approved the merger between FaZe and B. Riley Principal 150 Merger Corp. (BRPM), which is a Nasdaq-listed special purpose acquisition company (SPAC). This comes after FaZe failed to complete the transaction by the initially planned closing...

Esports performance startup Adamas acquires Gscience

Esports / Wednesday, June 22, 2022
Adamas Esports announced today that it has acquired Gscience, another esports performance company based in Belfast, Northern Ireland. Adamas did not disclose financial terms, other than saying it’s “significant,” but it said it runs “a seven-figure revenue business.” As part of the deal, Gscience’s leadership team will...

Jackpot gets $35M in new funding from who's who of sports investors

Daily / Wednesday, June 22, 2022
Digital lottery platform Jackpot yesterday closed a $35M Series A funding round featuring some of the biggest names in sports business. The round was co-led by Accomplice and Courtside Ventures, with additional investments from Arctos Sports Partners, Elysian Park Ventures, Sapphire Sport, the Kraft Group, Haslam Sports...

Allyson Felix's lifestyle brand Saysh secures $8M series A funding

Daily / Monday, June 20, 2022
Lifestyle brand Saysh, which was co-founded by Gold Medal-winning U.S. sprinter Allyson Felix, has "secured its series A funding" with $8M, according to Rosemary Feitelberg of WOMEN'S WEAR DAILY. The final infusion has "been led by Iris Ventures with some participation by Redpoint Ventures." One interesting addition is that...

Nelson and Cornwell create new firm Dynasty, eyeing minority stakes in teams

Daily / Tuesday, June 14, 2022
Providence Equity Partners Founder Jonathan Nelson and PJT Partners' Don Cornwell are "starting a new investment firm" called Dynasty that aims to raise more than $1B and "will invest in professional sports teams around the globe," according to Andrew Ross Sorkin of the N.Y. TIMES' DEALBOOK. The firm is "trying to profit...

Denver Broncos sale: Time To Pony Up

Weekly / Monday, June 13, 2022
In 2018, David Tepper bought the Carolina Panthers for $2.275 billion. It was a new NFL record for a team sale, but was widely seen as a disappointment, falling far short of the $3 billion some insiders expected. It also raised a critical question inside the league:...

Just Women's Sports raises $6M in funding

Closing Bell / Thursday, June 9, 2022
Just Women's Sports has "raised $6 million in a funding round" that was led by Blue Pool Capital, the family office of Nets Owner Joe Tsai . Bolt Ventures, the family office of HBSE's David Blitzer , investment firm SC Holdings, Billie Jean King , NWSL Washington...