• Loading stock data...
Thursday, August 7, 2025
Tuned In returns to NYC on September 16. Hear from the biggest names in sports media. Click here to get your spot

Goldman Sachs’ Year: Record Earnings and Sports Transactions

  • Goldman Sachs has made a number of recent moves in sports.
  • The firm exceeded analyst expectations with its latest earnings report.
Goldman Sachs/Design: Alex Brooks

Goldman Sachs exceeded analyst expectations with its latest earnings report on Friday.

The financial services firm generated $13.61 billion in revenue in Q3 2021, surpassing Wall Street estimates of $11.68 billion. Goldman Sachs has generated $46.7 billion in revenue through three quarters, which makes 2021 the best year in its history after only nine months.

Third-quarter results were driven by Goldman’s investment banking division, which generated $3.7 billion in revenue, an 88% increase year-over-year. The firm has made a number of recent moves in sports.

  • The firm is helping FC Barcelona sell $609 million worth of private placements to partly refinance debt.
  • It raised $1.17 billion to fund CVC Capital Partners‘ equity deal with La Liga. 

Goldman is also helping the NFL find investment partners for its major media assets, including the NFL Network, RedZone, and NFL.com.

After hiring Goldman, NFL Commissioner Roger Goodell reportedly told league staff in a memo that the league plans to leverage live games, events like the NFL Draft, and opportunities around sports betting. In April, Goldman Sachs estimated that the sports betting market could reach $39 billion by 2033.

The firm foresees up to 50 million sports bettors in the U.S. when the industry reaches maturity.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Oct 3, 2021; Inglewood, California, USA; A general overall view of the NFL Network building adjacent to SoFi Stadium.
exclusive

ESPN Taking Over NFL Network’s Lease Near SoFi Stadium

The network is picking up a little real estate in its mega-deal.

Disney Buying NFL Network, NFL Getting 10% Stake in ESPN

The deal rewrites the playbook for pro leagues and their TV partners.

Inked Under Anesthesia: Athletes Getting $50,000 Tattoos

High-end studios, elite artist teams, and hours under anesthesia.
Coco Gauff at New York Liberty

How the New York Liberty Became the Hottest Ticket in Town

Once banished to the burbs, the Libs are now Brooklyn’s marquee attraction.

Featured Today

Las Vegas sign

College Sports Embracing Vegas After Years of Cold Shoulder

The Big Ten became the latest newcomer to Sin City.
2000, Jupiter, FL, USA; FILE PHOTO; Montreal Expos pitcher Hideki Irabu in action on the mound against the New York Mets at Roger Dean Stadium during Spring Training
July 28, 2025

Dead Sports Franchises Are Alive and Well on Twitter

The Expos, Sonics, and Whalers have active social media accounts.
Limited Hype
July 27, 2025

Sneaker Reselling Was Once Easy Money. Success Is Now Complicated

Vendors need to evolve what they’re selling and how they do it.
HAPPY GILMORE 2. BTS - (L to R) Adam Sandler as Happy Gilmore and Rory McIlroy as himself on the set of Happy Gilmore2.
July 26, 2025

‘Cool As Hell’: How ‘Happy Gilmore 2’ Hooked Golf’s Top Stars

The process was “cool as hell,” Adam Sandler tells FOS.
Jonathan Mariner

Former MLB CFO Jumps to PE, Says Teams Are Undervalued

Mariner worked in Major League Baseball for 24 years.
March 20, 2025

Nike Struggles Continue, but Signs of Turnaround Appear

The embattled company beats tepid expectations in both revenue and earnings.
James Harden
April 24, 2025

Adidas Posts Big Profits in First Quarter Without Yeezy

Profits and sales are up after selling off remaining Yeezys last year.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

Dealmaker Jeffrey Kaplan maps the evolution of sports as an asset class
Oracle Park
March 18, 2025

S.F. Giants Selling Stake to Private Equity to Pay for Facility Upgrades

The team said the cash would not be used to grow payroll.
Aug 11, 2024; Paris, France; Medals are carried out on Louis Vuitton trays after the women's volleyball gold medal match during the Paris 2024 Olympic Summer Games at South Paris Arena
February 16, 2025

LVMH’s New Push: World’s Most Powerful Luxury Group Is Coming for Sports

LVMH is making long-term deals—and they’re not done.
February 14, 2025

DraftKings Turns First Full-Year Profit, Stock Up 47% in 2025

The company’s sports betting business continues to grow despite headwinds.
Billie Jean King
February 13, 2025

Billie Jean King: ‘Billionaires, Not Millionaires’ Are Fueling Women’s Sports Boom

Billie Jean King wants more women involved in team ownership, too.