• Loading stock data...
Saturday, July 19, 2025

New SPAC Enters The Ring

  • Isos aims to raise $200 million through an IPO.
  • The SPAC comes after Michelle Wilson and George Barrios formed Isos Capital Management earlier this month.
WWE jumps into SPAC space.
Joshua Yeager

Former WWE co-presidents Michelle Wilson and George Barrios are jumping into the SPAC space.

The duo filed plans to launch Isos Acquisition, a blank-check company targeting digital media and entertainment acquisitions. Isos aims to raise $200 million through an IPO, and could add an additional $75 million through a forward purchase agreement with Apollo Global Management.

If all goes according to plan, Isos will hold a market value of $250 million.

Isos’ filing specifically highlights growth projections for video games, amusement parks, sports betting and esports. The sports betting industry is projected to grow 65.4% from 2019-23 to $19 billion, the filing said; esports are projected to grow 58.5% to $7 billion in that period. 

The number of early filings suggests SPACs will continue to pile into the market throughout 2021. 

Last year, there were more than 250 SPAC shell companies listed in the U.S., and they raised nearly $79 billion combined.

The Isos SPAC comes after Wilson and Barrios formed Isos Capital Management earlier this month, eyeing investment opportunities in global media, entertainment, and sports. 

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Featured Today

Ryan Field Construction
exclusive

First Look Inside Northwestern’s $862 Million New Ryan Field

Five big things FOS learned on our exclusive stadium tour.
Jul 21, 2024; Ayrshire, SCT; Xander Schauffele celebrates with Claret Jug after winning the Open Championship golf tournament at Royal Troon.
July 17, 2025

The Boozy History and Traditions of The Open’s Claret Jug

The Open awards the world’s most famous wine decanter.
2025 PDC World Darts Championship Final - Luke Littler vs Michael Van Gerwen
July 16, 2025

A Teen Darts Prodigy Is Becoming Bigger Than the Game Itself

Luke ‘The Nuke’ Littler is cashing in on his devastatingly accurate shot.
May 31, 2025; Philadelphia, PA, USA; Sydney McLaughin-Levrone (USA) reacts before the women's 100m hurdles during the Grand Slam Track Philadelphia at Franklin Field
exclusive
July 13, 2025

Track’s New Money Is Running Into Old Problems

The sport’s big-money era has hit some speed bumps in 2025.
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.