General Sports

Diamond Sports Group Reaches Multi-Year Distribution Agreement with Charter

Retrieved on: 
Wednesday, April 3, 2024
Entertainment, Sports, Other Entertainment, TV and Radio, General Entertainment, Other Sports, General Sports, Charter, NHL, DTC, MLB, Bally Sports, Diamond Sports Group, CHTR, NBA

Diamond Sports Group (“Diamond” or the “Company”) today announced that it has reached a multi-year renewal of its distribution agreement with Charter Communications, Inc (NASDAQ: CHTR) (“Charter”) to carry Diamond’s portfolio of regional sports networks (“RSNs”).

Key Points: 
  • Diamond Sports Group (“Diamond” or the “Company”) today announced that it has reached a multi-year renewal of its distribution agreement with Charter Communications, Inc (NASDAQ: CHTR) (“Charter”) to carry Diamond’s portfolio of regional sports networks (“RSNs”).
  • Under the new agreement, customers will continue to have access to live, local MLB, NBA and NHL games and pre- and post-game content on Diamond’s RSN channels through Charter’s Spectrum TV Select Plus package.
  • We expect this agreement to generate value for Diamond, Charter and our team and league partners, and enable us to continue providing high quality broadcasts for passionate local fans.
  • We believe this agreement can serve as a model in the ongoing time-sensitive negotiations with our other distribution partners to reach carriage agreements that work for all parties.”

Silver Lake to Take Endeavor Private

Retrieved on: 
Tuesday, April 2, 2024
General Sports, Sports, Finance, General Entertainment, Professional Services, Events, Concerts, Licensing (Sports), Entertainment, MSD, Barclays, Goldman Sachs, TKO, Simpson Thacher & Bartlett, Endeavor Group Holdings, EDR, Royal Bank of Canada, Latham & Watkins, Telecommunications, Committee, Partnership, WWE, Royal Bank, Lexington Partners, Cravath, Swaine & Moore, VWAP, Endeavor (company), Centerview Partners, Kirkland & Ellis, Bank of America, BofA Securities, Sport, Acquisition, RBC Capital Markets, Whitesell, Growth, IMG, BDT, Deutsche Bank, Bank, LLP, Mubadala Investment Company, Martha Plimpton, Music, UFC, Management

Silver Lake believes that when consolidating all of TKO’s value into Endeavor, the combined total enterprise value of $25 billion will make this the largest private equity sponsor public-to-private investment transaction in over a decade, and the largest ever in the media and entertainment sector.

Key Points: 
  • Silver Lake believes that when consolidating all of TKO’s value into Endeavor, the combined total enterprise value of $25 billion will make this the largest private equity sponsor public-to-private investment transaction in over a decade, and the largest ever in the media and entertainment sector.
  • On the unaffected date, the equity value was $8.2 billion, and the premium to be paid by Silver Lake represents $4.6 billion more equity value to all Endeavor stockholders.
  • Ariel Emanuel, CEO of Endeavor, said: "Since 2012, Endeavor’s strategic partnership with Silver Lake and Egon Durban have been central to our evolution into the global sports and entertainment leader we are today.
  • Egon, Stephen, and the broader Silver Lake team have been and will continue to be phenomenal partners in Endeavor’s journey, and we look forward to the road ahead.”
    Stephen Evans, Managing Director of Silver Lake and a Director of Endeavor, said: “The team at Silver Lake is proud of our longstanding partnership with Endeavor, marked by more than $3.5 billion of direct investment across six distinct transactions over 12 years.

PENN Entertainment to Report First Quarter Results and Host Conference Call and Webcast on May 2

Retrieved on: 
Tuesday, April 2, 2024
Entertainment, Sports, General Entertainment, Other Sports, Mobile Entertainment, General Sports, Casino, Gaming, Penn Entertainment, Webcast, Interest

PENN Entertainment, Inc. (Nasdaq: PENN) announced today that it will release its 2024 first quarter financial results at 7:00 a.m.

Key Points: 
  • PENN Entertainment, Inc. (Nasdaq: PENN) announced today that it will release its 2024 first quarter financial results at 7:00 a.m.
  • ET on Thursday, May 2, 2024 followed by a conference call and simultaneous webcast at 9:00 a.m.
  • ET.
  • The conference call number is 203-518-9843; please call five minutes in advance to ensure that you are connected prior to the presentation.

U.S. Sports Fan Analytics & Trends Study 2024: The Single Largest Online Catalogue of Sports Marketing and Business Data - ResearchAndMarkets.com

Retrieved on: 
Tuesday, April 2, 2024
Hockey, General Sports, Golf, Football, Mobile Entertainment, Martial Arts, Tennis, Basketball, Soccer, TV and Radio, Baseball, Sports, Motor Sports, Licensing (Sports), Entertainment, United States Census Bureau, Social media, Esports, Gambling

The consumer survey was conducted online in January 2024 among a representative panel of U.S. consumers age 13 or older.

Key Points: 
  • The consumer survey was conducted online in January 2024 among a representative panel of U.S. consumers age 13 or older.
  • Each respondent reported on their attendance and viewership along with 65 other categories of fandom-related data for Professional, College and Minor League sports during the previous 12 months.
  • The next tab in this workbook features a comprehensive list of all categories measured.
  • The data is also projected to the U.S. population of 282.5 million for persons age 13 or older.

Grand Chess Tour Announces Wildcards and Full-Tour Line-up

Retrieved on: 
Tuesday, April 2, 2024
Entertainment, Sports, Other Entertainment, Other Sports, General Entertainment, General Sports, Health, Saint Louis Chess Club, Partnership, COVID-19, Education, GCT, R Praggnanandhaa, Grand Chess, Grand Chess Tour

1 Magnus Carlsen, as well as 2023 Grand Chess Tour champion Fabiano Caruana and former winners of the GCT Wesley So and Maxime Vachier-Lagrave,” said Michael Khodarkovsky, Executive Director of the GCT.

Key Points: 
  • 1 Magnus Carlsen, as well as 2023 Grand Chess Tour champion Fabiano Caruana and former winners of the GCT Wesley So and Maxime Vachier-Lagrave,” said Michael Khodarkovsky, Executive Director of the GCT.
  • Grand Chess Tour is a circuit of international events, each demonstrating the highest level of organization for the world's best players.
  • The legendary Garry Kasparov, one of the world's greatest ambassadors for chess, inspired the Grand Chess Tour and helped solidify the partnership between the organizers.
  • All Grand Chess Tour 2024 events will comply with local and regional COVID-19 restrictions.

The Pickleball Club to Host Professional Pickleball Players James Ignatowich and Anna Bright

Retrieved on: 
Wednesday, April 3, 2024
Entertainment, Sports, Other Sports, General Entertainment, General Sports, Tennis, Vanderbilt University, ESPN, Lakewood Ranch, Florida, UC, Gold card, Exhibition, APP, PPA, University of California, Berkeley, Interior design

The Pickleball Club , a firm founded in 2019 that develops and operates private, membership-based high-amenity indoor pickleball facilities throughout Florida, recently announced it will host professional pickleball players and power couple James Ignatowich and Anna Bright in April for a clinic, pro exhibition and Q-and-A session at its Lakewood Ranch club.

Key Points: 
  • The Pickleball Club , a firm founded in 2019 that develops and operates private, membership-based high-amenity indoor pickleball facilities throughout Florida, recently announced it will host professional pickleball players and power couple James Ignatowich and Anna Bright in April for a clinic, pro exhibition and Q-and-A session at its Lakewood Ranch club.
  • In 2023, Ignatowich won two gold medals in the Indoor National Championship on the PPA Tour and earlier this year, he became the first professional pickleball player to claim the No.
  • Players will then work with Ignatowich to focus on two-handed backhand dinks, speedups, one-handed flicks, counters and blocks, and drives.
  • Following the clinics, a pro exhibition will take place with Ignatowich, Bright, Dominique Lemperle, director of programming and instruction at The Pickleball Club and Forest Dennis, head professional at The Pickleball Club at Lakewood Ranch.

PUMA Studio to open in LA to create products and campaigns for the US market

Retrieved on: 
Tuesday, April 2, 2024
Marketing, Advertising, General Sports, Communications, Entertainment, Teens, Fashion, Soccer, Footwear, Retail, General Entertainment, Celebrity, Running, Influencer, Motor Sports, Licensing (Sports), Women, Men, Golf, Consumer, Basketball, Sports, Department Stores, Other Communications, Culture, Environment, VIP, PUMA, Football, Life, Athlete, Ecosystem, Music, Multimedia, Cobra Golf, Film industry

(Photo: Business Wire)

Key Points: 
  • (Photo: Business Wire)
    The decision to open a creative space in LA is part of PUMA’s strategic priority to win in the United States.
  • “Opening our PUMA Studio in LA is an important strategic move for us, as we seek to elevate our business in the United States,” said Arne Freundt, Chief Executive Officer at PUMA.
  • While the PUMA Studio will open in its new location in early 2025, PUMA already started the recruitment of the talent for its temporary office location in LA.
  • The PUMA Studio will also allow PUMA to be closer to some of its most important ambassadors from the worlds of music and entertainment.

Arctos Announces Final Close of Arctos Sports Partners Fund II at Over $4.1B

Retrieved on: 
Tuesday, April 2, 2024
General Sports, Professional Services, Sports, Finance, Aston, Partner, Utah Jazz, Growth, Sport, Assets under management, Partnership, Insurance, NHL, MLS, Investment, MLB, New Jersey Devils, Fund, NBA, Kirkland & Ellis

Arctos, a private investment firm that provides bespoke growth and liquidity solutions, differentiated thought partnership and value creation services to sports franchises (Arctos Sports) and alternative asset managers (Arctos Keystone), today announced the final close of Arctos Sports Partners Fund II (“Fund II”), the latest iteration of its flagship sports fund.

Key Points: 
  • Arctos, a private investment firm that provides bespoke growth and liquidity solutions, differentiated thought partnership and value creation services to sports franchises (Arctos Sports) and alternative asset managers (Arctos Keystone), today announced the final close of Arctos Sports Partners Fund II (“Fund II”), the latest iteration of its flagship sports fund.
  • Fund II and its predecessor fund, Arctos Sports Partners Fund I, represent the world’s largest aggregation of institutional capital dedicated exclusively to professional sports franchise investments.
  • Evercore Private Funds Group acted as the exclusive global placement agent for the Fund II raise and Kirkland & Ellis LLP provided legal counsel to Arctos.
  • With the success of Fund II, our firm is well-positioned at the forefront of the professional sports ownership market.”

SafeSport Implementing Improvements to Increase Efficiency and Information Sharing

Retrieved on: 
Monday, April 1, 2024
Sports, General Health, Professional Services, General Sports, Philanthropy, Training, Mental Health, Other Sports, Education, Olympics, Legal, Human Resources, Health, Research, Child advocacy, Minor, Learning, Communication, Transport, General counsel, Evaluation, Trauma, Psychological abuse, Software, Intake, Roger Hawkins (drummer), Athlete, Psychology, International Paralympic Committee, Commerce, Plaintiff, Curriculum, Resolution

The U.S. Center for SafeSport (the Center) today announced process changes aimed at increasing efficiency, information sharing, and trauma-sensitivity.

Key Points: 
  • The U.S. Center for SafeSport (the Center) today announced process changes aimed at increasing efficiency, information sharing, and trauma-sensitivity.
  • “We are listening to athletes and responding with improvements to better serve them,” Ju’Riese Colón, CEO of the U.S. Center for SafeSport said.
  • “We are proud of the progress we’ve made, but we are clear-eyed about the work ahead of us.
  • Within a 14-day window, Claimants and Respondents may submit a written response and provide any additional relevant information.

Genius Sports Announces Resignation of a Member of the Board of Directors

Retrieved on: 
Monday, April 1, 2024
Technology, Licensing (Sports), Casino, Gaming, Sports, General Sports, Entertainment, Carriers and Services, Audio, Video, Networks, TV and Radio, Genius Sports, Sport, Growth, Sale, Security (finance)

Genius Sports Limited (“Genius Sports”) announced today that Gabriele Cipparrone, partner at Apax Partners LLP (“Apax”), will resign from its Board of Directors effective 8 April 2024, following a reduction in holdings in Genius Sports by funds advised by Apax (“Apax Funds”) through a secondary sale on 1 April 2024.

Key Points: 
  • Genius Sports Limited (“Genius Sports”) announced today that Gabriele Cipparrone, partner at Apax Partners LLP (“Apax”), will resign from its Board of Directors effective 8 April 2024, following a reduction in holdings in Genius Sports by funds advised by Apax (“Apax Funds”) through a secondary sale on 1 April 2024.
  • Since the Apax Funds’ investment in Genius Sports in 2018, Mr. Cipparrone has provided valuable insight and expertise as the Company went through a transformative period of growth, expanding from $85 million of revenue in 2018 to $413 million in 2023.
  • “Genius Sports has been an excellent investment for the Apax Funds, and as the Company reaches the three-year anniversary of its successful public listing on the NYSE, I feel confident in its long-term financial and strategic position,” stated Mr. Cipparrone.
  • With further liquidity in our stock, we look forward to continuing to attract and to retain the type of thoughtful and long-term shareholders we are fortunate to call our partners today.”
    The Company is currently undergoing a comprehensive search for additional highly qualified independent members of its Board of Directors to replace those previously designated by representatives of Apax.