Month: September 2021

JD Sports Posts Record Earnings

JD Sports recorded record earnings for the first half of the year, reaching $505.9 million in pre-tax profit with revenues increasing 52%.

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Sportradar Looks to Acquire Tech Companies After IPO

Sportradar went public through an IPO on Tuesday, raising $682 million at a valuation just under $8 billion.

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NBA Discussing Midseason Tournament

The NBA is discussing a midseason tournament in which the winning team would earn $1 million per player, with potential other incentives.

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Ariel Investments More Than Doubles Stake In Man U

Ariel Investments, which previously had a 5% stake in Manchester United, increased its stake in the team to 13.8%.

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Cohen-Backed Fund Leads $50M Round in NFT Company

NFT company Recur raised $50 million in a round led by Steve Cohen-backed Digital. Recur has an exclusive deal with Pac-12.

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SpotOn Buys Appetize for $415 Million

SpotOn announced it has raised $300 million in Series E funding and will be using the investment to acquire Appetize for $415 million.

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Sportsbooks Post Record Numbers During NFL’s Week 1

The legal sports betting market posted record numbers in the U.S. following the start of the 2021 NFL season.

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KKR to Sell $852M Stake in Academy Sports

Private equity firm KKR & Co. announced on Monday it is selling off its entire stake in Academy Sports — 18.65 million shares.

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Epic Appeals Judge’s Decision in Apple Trial

Epic Games has filed an appeal in its case against Apple, after a judge’s ruling provided a mixed result for the game maker.

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Why Pro Teams Are Investing in NIL

Pro baseball and hockey teams have found value in endorsement deals with local college athletes — both from women’s and men’s teams.

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