• Loading stock data...
Monday, April 22, 2024
  • -
    days
  • -
    hours
  • -
    minutes
  • -
    seconds

Authentic Brands Group Buys 55% Stake in Beckhams’ DB Ventures

David-Beckham
Sam Navarro-USA TODAY Sports/Design: Alex Brooks

Authentic Brands Group is reportedly purchasing a 55% stake in David and Victoria Beckham’s DB Ventures for $271 million.

DB Ventures controls the soccer star’s deals with Tudor watches and Haig whiskey. The company is reportedly looking to pay off debt while generating capital for growth — it has $90 million in total revenue, according to The Mirror.

Beckham repurchased his previously sold stake from Simon Fuller’s XIX Entertainment for $50 million in 2019, one of his several major deals in recent years.

  • David Beckham and co-owners Jorge and Jose Mas completed their buyout of MLS’ Inter Miami in September. The team was founded in 2018 by Beckham.
  • In October, he was announced as the “face of the Qatar World Cup.”
  • Beckham signed a lifetime deal with Adidas in 2003 worth $160 million.

Beckham reportedly made more in his first year of retirement than any year he played.

ABG’s Empire

Authentic Brands Group, which purchased Reebok for $2.46 billion in August, recently announced it would postpone its scheduled IPO until 2023 or 2024 in order to bring in capital from private equity firms CVC Capital Partners and HPS Investment Partners

The investments value ABG at $12.7 billion.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Rockies Coach’s Team Plane Cockpit Visit Triggers Federal Investigation

A since-deleted video shows him sitting in the cockpit mid-flight.

A’s Reach Deal to Leave Oakland for Sacramento After This Year

The A’s will play in a minor league park starting in 2025.

Ongoing NFL Network Cuts Hit On-Air Talent

The network also made cuts around the ‘Good Morning Football’ move to L.A.

LeBron James Explains Why Women’s March Madness Has More ‘Star Power’

James said Angel Reese and Caitlin Clark give women’s game ‘icons.’
podcast thumbnail mobile
Front Office Sports Today

Why Ian Rapoport Lives for the NFL Draft’s Chaos

0:00
0:00

Featured Today

Everything You Need To Know About the Legal Attempts To Kill the ACC

Four lawsuits involving the conference, Clemson, and FSU could determine the future.
April 20, 2024

A Bare-Knuckle Fighter Won His Pro Debut. The Far Right Scored a Marketing Win

With Proud Boys sponsoring him, experts say extremist groups will use his success to elevate their ideologies and recruit new believers.
April 7, 2024

Women’s Basketball Finally Has a TV Deal to Match the Excitement. Now What?

A lucrative new media-rights contract could rectify problems of the past, but the future of March Madness media rights is anyone’s guess.
Mar 16, 2024; Washington, D.C., USA; North Carolina State Wolfpack forward DJ Burns Jr. (30) cuts the net after defeating the North Carolina Tar Heels for the ACC Conference Championship at Capital One Arena.
April 6, 2024

How Two College Seniors Helped DJ Burns Cash In on a Final Four Run

Two college seniors are facilitating deals for NC State’s big man.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Live Nation
Multiple - USA Careers
Adidas
Multiple - USA Careers
FanDuel
Multiple - USA Careers

Memphis and FedEx Strike Unique Corporate NIL Deal For $25 Million

The logistics company has a long-standing relationship with the university.
April 18, 2024

Caitlin Clark ‘Nearing’ $20 Million-Plus Nike Deal: Report

Clark had an NIL deal with Nike at Iowa as well.
April 18, 2024

NBA Media Rights Likely Headed for Open Market Next Week

The league is reportedly letting Monday’s deadline pass without a deal.
Sponsored

Rapid Returns: How Technology Is Getting You Back to Your Seat

How Oracle’s POS technology is helping fans get back to their seats faster.
April 17, 2024

Even Joe Biden Is Surprised By Caitlin Clark Making $76K

The president posted Tuesday night about pay disparities in sports.
April 14, 2024

Salt Lake City About to Land NHL’s Coyotes (Minus Their Name)

Salt Lake City’s NHL franchise will have a new name.
Ken Goldin
April 10, 2024

Goldin Auctions Acquisition by eBay Sparks Showdown With Fanatics

The online giant acquires the prominent high-end sports memorabilia auction house.
April 10, 2024

WNBA Has New Commercial Partner: Over-the-Counter Birth Control

WNBA teams up with FDA-approved over-the-counter birth control.