• Loading stock data...
Friday, March 29, 2024
2024 Best Venues nominations are open now through April 8! Submit Now

Brazilian Soccer League to Sell Rights for $971M

  • The Liga de Futebol Brasileiro has agreed to sell a 20% stake of its commercial rights.
  • The league is made up of 14 clubs and may add two more after the investment.
CRF

An investment firm based in the United Arab Emirates is the latest entity to express interest in international soccer.

The Liga de Futebol Brasileiro (Libra) has agreed to sell a 20% stake of its commercial rights to Mubadala Capital Ventures — owned by Mubadala Investment Company — for $971 million.

The minority stake in the newly established Brazilian league drew interest from three investment companies, including two U.S-based private equity firms. 

  • Libra has 90 days to approve or deny Mubadala’s offer.
  • The league is made up of 14 clubs and may add two more after the investment.
  • It is expected to be fully operational starting with the 2025 season. 

Mubadala’s investment has been approved by all 14 member clubs despite backlash from 25 other Brazilian clubs, mainly from the second division. 

Impressive Portfolio 

A minority stake in Brazilian soccer commercial rights would add to an extensive portfolio of sports-related investments for Mubadala and its investment vehicle. 

Disney sold an 80% stake in the New York Yankees’ regional YES Network to a consortium that included Mubadala Investment Company. In January, the company agreed to become the title sponsor of SailGP’s Season Two Grand Final.

In March, Mubadala Capital Ventures announced plans to invest $50 million over the next five years in the FIM Supercross World Championship — a new motorcycle racing event.

The firm also owns a majority stake in IMX Sports and Entertainment.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Late Rush Keeps Three MLB Teams on TV, but Revenue Issues Linger

The Diamondbacks, Padres, and Rockies continue to navigate a post-RSN landscape.

Planned Timberwolves, Lynx Sale Turns Bitter As Taylor Pulls Teams Off Market

The current majority owner claims that Rodriguez and Lore failed to meet the latest deadline.
Kansas City Chiefs president Mark Donovan

Chiefs’ President: Team Keeping ‘All Options’ Open If Stadium Vote Fails

The Chiefs’ president said he’s ‘cautiously optimistic’ that a public vote would pass.

More NBA Games Abroad? That’s A Challenge During the Regular Season

The NBA will again play games in Paris and Mexico City next season.
podcast thumbnail mobile
Front Office Sports Today

Why the Timberwolves Sale was Called Off

0:00
0:00

Featured Today

March 22, 2024, Brooklyn, NY, USA; Northwestern Wildcats guard Brooks Barnhizer (13) and Northwestern Wildcats guard Boo Buie (0) react in overtime against the Florida Atlantic Owls in the first round of the 2024 NCAA Tournament at the Barclays Center.
March 27, 2024

‘An Expensive Game’: March Madness and NIL Collectives Are Intertwined

At schools nationwide, collectives are fueling NCAA tournament runs and vice versa.
Iowa’s Caitlin Clark (22) waits to be announced in the starting lineup against West Virginia in a NCAA Tournament round of 32 game Monday, March 25, 2024 at Carver-Hawkeye Arena in Iowa City, Iowa.
March 26, 2024

The Women’s Trading Card Market Is Overlooked. Can Caitlin Clark Change That?

Traditionally, women’s sports cards have been a marginal part of collectibles.
The Sports Illustrated cover signed by Derek Jeter and Alex Rodriguez, February 27, 2019, at Don & Charlie's, 7501 E. Camelback Road, Scottsdale. Don Charlie S
March 24, 2024

Everything You Need to Know About the Ongoing ‘Sports Illustrated’ Saga

Understanding the strange state of affairs for the nearly 70-year-old publication.

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
Spotify
Multiple - USA Careers

Alex Rodriguez–Led Bid for Majority Control of Timberwolves Falls Through

Minnesota owner Glen Taylor said the team was no longer for sale.
Manchester United stadium Old Trafford as viewed from above.
March 19, 2024

Another Wall Street Giant Wants a Piece of Sports

The investment bank forms a new team devoted to sports deals.
March 20, 2024

A-Rod and Lore’s Timberwolves Ownership Plans Still on Track

The duo currently owns 40% of the NBA team and its WNBA counterpart.
Sponsored

How Daily Fantasy Sports Solved NBA Fantasy

The remarkable growth of the #1 Discord sports server in the world.
March 4, 2024

Drake, LeBron James Make PGA Tour Investment

The rapper and NBA star will try to boost the PGA Tour, despite not having a strong association with golf.
Commanders
February 28, 2024

FedEx Field No Longer, Commanders’ Stadium Will Get New Name

The Commanders must stay in Landover through 2027.
Josh Harris
February 28, 2024

Josh Harris, David Blitzer Set to Part Ways with Steelers Stake

Harris’s purchase of the Commanders prevents him from keeping the Steelers’ stake.
February 11, 2024

Tom Brady’s Post-Retirement Embrace of Las Vegas

With business all over town, one partner says, ’He’s going to be a great addition to the city.’