|
READ IN BROWSER
|
|
|
|
|
|
Sports-betting content provider SportsGrid is up for sale and has been getting pitched to potential buyers since this summer. The sale process comes amid declining revenue and after SportsGrid lost major partners in the last two years, including FanDuel and BetMGM.
|
|
—Ben Horney
|
|
|
|
|
|
|
|
|
|
|
DEAL FLOW
|
LAFC Legend Kicks Off New Investment
|
 |
|
Kelvin Kuo-Imagn Images
|
|
-
Legendary LAFC soccer player Carlos Vela and his wife, Saioa Cañibano, are investing in supplement and nutrition brand Evoria Health. The news comes after Vela, in March, joined the star-studded ownership group of LAFC, his former MLS team; that group also includes Will Ferrell and Earvin “Magic” Johnson. Vela retired last year after a 19-year career that included a 2019 MLS Landon Donovan MVP Award.
-
Defending Formula One driver’s champion Lando Norris has invested in Seat Unique, a premium hospitality company in the vein of On Location that focuses on events in the U.K. and Europe. The McLaren driver’s stake size was not disclosed. His investment came as part of a $26.5 million (£20 million) funding round for Seat Unique earlier this year.
-
Getty Images, which is currently covering major sports events like the MLB playoffs and NFL regular season, said it will file for Chapter 11 bankruptcy protection “in the coming weeks.” The company said it has reached a deal with “all of its major financial stakeholder groups” on a restructuring that will include new investment of up to $533 million. As a result of the bankruptcy process, Getty will become a privately held company.
-
Just Women’s Sports has acquired technology start-up Victra Sports and launched a new mobile app. The news comes less than six months after David Blitzer’s Bolt Ventures led a seven-figure funding round for the company, which was founded by Haley Rosen to provide fans with content tied to women’s sports.
|
|
|
|
|
|
|
|
|
|