Month: October 2021

CVC Capital, Mogul Buy New IPL Teams for Combined $1.7 Billion

CVC Capital Partners and RPSG have paid a combined $1.7 billion to win bids for two new Indian Premier League teams.

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More Than 100 Soccer Clubs Line Up for $2.3 Billion Credit Line

UEFA is finalizing a $2.3 billion credit line for European soccer teams to help them recover financially from the pandemic.

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Roblox Selling $1 Billion in Junk Bonds

Roblox intends to sell $1 billion of junk bonds in what’s already been a popular year for high-yield borrowing.

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Allbirds Targets $2 Billion Valuation in IPO

The eco-friendly shoe company is looking to raise $269 million in its initial public offering, slated for the near future.

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Super League Trio Files Claim Against UEFA, FIFA

The three teams that still refuse to disavow the European Super League have filed a legal claim against UEFA and FIFA.

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FaZe Clan to Go Public in SPAC Merger, Valued at $1B

FaZe Clan announced plans to go public on Monday through a SPAC merger, valuing the combined entity at $1 billion.

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Big East Basketball Coaches’ Views on NIL

This year, coaching duties extend beyond developing athletes on the hardwood — they now have to help develop their business acumen, too.

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Super Bowl May Drive $477M Impact for L.A.

The Super Bowl could bring up to $477 million in economic activity to the Los Angeles area, according to a study by the host committee.

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Advent Eyeing Stake in French Soccer League’s Media Entity

Advent International is reportedly considering purchasing a stake in a media rights company being formed by Ligue de Football Professionnel.

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DraftKings to Take Governance Role in Blockchain Network

DraftKings is taking a governance role in the Polygon network. The network is built on top of the Ethereum blockchain system.

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