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Trading information and logo for Endeavor Group Holdings, Inc. is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 10, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsSept 28 (Reuters) - Endeavor Group (EDR.N) and Boston Red Sox owner Fenway Sports Group have expressed interest in investing in the PGA Tour, according to a source familiar with the negotiations. After a very public war of words, PGA, DP World Tour and Saudi-backed LIV Golf circuit in June announced a shocking agreement to merge and form one unified commercial entity. PGA's talks with Endeavor and Fenway are still at an early stage, the source said, requesting anonymity because the matter is confidential. Both Fenway and Endeavor are already major players in the sporting industry.

Persons: Brendan McDermid, LIV, PGA's, Niket, Shilpi Majumdar, Shweta Agarwal Organizations: Endeavor Group Holdings, Inc, New York Stock Exchange, REUTERS, Endeavor, Boston Red Sox, Fenway Sports, PGA, Saudi Arabia's Public Investment Fund, U.S, Senators, Fenway, Bloomberg News, Public Investment Fund, Major League Baseball's Boston Red Sox, Premier League club Liverpool, World Wrestling Entertainment, Thomson Locations: New York City, U.S, Saudi, Bengaluru

☆ Endeavor, Fenway Sports consider investment in the PGA Tour
▼ + stars: | 2023-09-28 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

The PGA Tour logo is seen during the third round of the Travelers Championship at TPC River Highlands in Cromwell, Connecticut, on June 24, 2017. The discussions, which are in preliminary stages, stem from a PGA Tour investment vehicle created as part of the framework agreement for its proposed deal with PIF. "Throughout 2023, the PGA Tour has demonstrated its strength, reach and value as an enterprise. In June, the PGA Tour announced a proposed deal that would see it combine with rival LIV Golf following months of lawsuits and competition between the two. The deal between LIV and the PGA Tour has faced criticism and controversy.

Persons: LIV, Saudi Crown Prince Mohammed bin Salman, PIF Organizations: Investment, Endeavor Group Holdings, Fenway Sports Group, PGA Tour, PGA, Public Investment Fund, Endeavor, Fenway, Bloomberg, LIV Golf, Saudi Crown, LIV, UFC, Wrestling Entertainment, Major League Baseball's Boston Red Sox, Liverpool Football Club, National Hockey League's Pittsburgh Penguins Locations: Cromwell , Connecticut, Saudi

☆ Why US sporting stars like Tom Brady, LeBron James, and JJ Watt are piling into English soccer
▼ + stars: | 2023-08-05 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +6 min

Brady joins the likes of Jordan Spieth, JJ Watt, and LeBron James by buying into English football. Former NFL star Watt bought a minority stake in Burnley FC, in May. Now, legendary quarterback Brady has unveiled a minority stake in Birmingham City. The rise of across-the-pond partnerships raises a question: what is it about British clubs that has suddenly captured celebrities' imagination? The rewards for success in the English Premier League can be astronomical.

Persons: Tom Brady, Brady, Jordan Spieth, JJ Watt, LeBron James, Watt, Spieth, Michael B Jordan, Ryan Reynolds, Rob McElhenney's, Simon Chadwick, Reynolds, Ralph Lauren –, Christina Philippou, we've, Philippou, it's, Chadwick, That's, We've, they're, there's Organizations: Service, NFL, Burnley FC, Leeds United, Liverpool FC, Fenway Sports Group, AFC Bournemouth, Disney, Birmingham, Knighthead Capital Management, Wrexham, L'Oreal, English Premier League, Sky, BT, Amazon Prime, Premier League, Manchester City, Portsmouth University, Wrexham AFC, Premier League –, European Locations: Birmingham City, Wall, Silicon, British, Wrexham, Birmingham, United States

☆ Rossi sees Reynolds' winning touch boosting Alpine
▼ + stars: | 2023-06-27 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

ENSTONE, England, June 27 (Reuters) - Renault-owned Alpine believe Hollywood actor Ryan Reynolds has the Midas Touch to help get the team back to the top in Formula One. "Most of you were probably expecting Ryan Reynolds," Otro Capital founder and partner Alec Scheiner jokingly told analysts at Alpine's Enstone factory for a strategy presentation. Alpine chief executive Laurent Rossi pointed to Reynolds' track record in business. Rossi said the investors, who have paid 200 million euros ($218.88 million), would develop revenues through merchandising, licensing and hospitality. The deal values Alpine Racing at around $900 million and Rossi said the numbers were only going up.

Persons: Ryan Reynolds, Reynolds, Rob McElhenney, Alec Scheiner, Laurent Rossi, Rossi, Otro, Goldman Sachs, Gerry Cardinale, RedBird, Scheiner, Luca de Meo, Alan Baldwin, Christian Radnedge Organizations: Renault, Formula, Wrexham soccer, Otro Capital, RedBird Capital Partners, Aviation, Mobile US, Ka'ena Corp, Mint Mobile, Diageo, Gin, Wrexham, English Football League, RedBird, Fenway Sports Group, Premier League, Liverpool, Boston Red Sox baseball, Toulouse, Milan, Liberty Media, Thomson Locations: ENSTONE, England, Wrexham, RedBird, Americas, Las Vegas, U.S

☆ Red Sox owner Fenway Sports Group buys the Boston team in a new golf league
▼ + stars: | 2023-06-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRed Sox owner Fenway Sports Group buys the Boston team in a new golf leagueTom Werner, Fenway Sports Group chairman, and TGL CEO Mike McCarley join 'Squawk Box' to discuss Boston's new indoor golf league team, the people involved with the new indoor golf league, and more.

Persons: Tom Werner, Mike McCarley Organizations: Red Sox, Fenway Sports Group, Boston

☆ Fenway Sports Group joins Tiger Woods developed high-tech golf league
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +1 min

June 26 (Reuters) - Fenway Sports Group, owner of Major League Baseball's Boston Red Sox and Premier League club Liverpool, said on Monday they have added a team in the TGL, the tech-forward team golf league developed by Tiger Woods, to their portfolio. A total of six teams will make up the TGL, an innovative, new primetime golf league that fuses technology and live action that begins play in January at a specially designed state-of-the-art arena in Palm Beach, Florida. "We are excited for this new journey as one of the six inaugural TGL teams in honour of a city whose love and passion for sports is unparalleled," said Fenway Sports Group principal owner John Henry and chairman Tom Werner in a statement on the TGL website. Teams will be made up of three players and feature some of the PGA Tour's biggest names. Players who have committed to the project include 15-times major winner Woods, Masters champion Jon Rahm and four-times major winner Rory McIlroy.

Persons: Tiger Woods, Alexis Ohanian, Serena Williams, Venus Williams, John Henry, Tom Werner, Woods, Jon Rahm, Rory McIlroy, Steve Keating, Christian Radnedge Organizations: Fenway Sports Group, Major League Baseball's Boston Red Sox, Premier League club Liverpool, Boston, Los Angeles Golf Club, TGL, Reddit, PGA, Thomson Locations: Palm Beach , Florida, New England, Toronto

☆ Red Sox owners buy Boston team in Tiger Woods and Rory McIlroy's golf league
▼ + stars: | 2023-06-26 | by ( Jessica Golden | ) www.cnbc.com time to read: +2 min

Another sports powerhouse has joined the ownership ranks of the golf league being developed by Tiger Woods and Rory McIlroy. Woods, McIlroy and McCarley founded TMRW Sports Group (pronounced "tomorrow") last year in partnership with the PGA Tour. At the time, it was seen as a response to the Saudi-backed LIV Golf league, which was embroiled in a bitter legal fight with the PGA Tour. This month, however, the PGA Tour and LIV agreed to merge business interests to form a new company. McIlroy is one of the biggest public critics of LIV, and Woods reportedly rejected a massive offer to join the Saudi-funded league.

Persons: Tom Werner, John Henry, Tiger Woods, Rory McIlroy, Henry, Werner, Reddit, Alexis Ohanian, Serena Williams, Venus Williams, Mike McCarley, McIlroy, McCarley, LIV, Woods Organizations: Boston Red Sox, Fenway Sports Group, TGL, Major League Baseball's Boston Red Sox, Liverpool Football Club, National Hockey League's Pittsburgh Penguins, Los Angeles, TMRW, Woods, TMRW Sports, PGA, LIV Golf, Saudi Locations: New England, Los, FSG, Saudi

☆ Ryan Reynolds and Rob McElhenney: Wrexham’s Hollywood owners are part of group taking 24% stake in Alpine F1 team
▼ + stars: | 2023-06-26 | by ( Ben Morse | ) edition.cnn.com time to read: +3 min

CNN —Wrexham’s Hollywood owners Ryan Reynolds and Rob McElhenney are part of a new investment group that is taking a 24% equity stake in Formula One outfit Alpine, the team’s parent company, Renault, announced on Monday. The investment group also includes Otro Capital and RedBird Capital Partners. Reynolds and McElhenney are the co-owners of Welsh soccer side, Wrexham. McElhenney and Reynolds celebrate with players of Wrexham's women's team during a bus parade celebration following its title-winning season. Jan Kruger/Getty ImagesThe statement says Reynolds and McElhenney’s Maximum Effort Investments will provide “successful sports and media experience and operational expertise in building high-growth companies.”

Persons: CNN —, Ryan Reynolds, Rob McElhenney, Reynolds, McElhenney, Michael B, Jordan, Laurent Rossi, ”, Rossi, “, Alpine’s, RedBird, Wrexham's, Jan Kruger Organizations: CNN, Formula, Renault, Otro, RedBird Capital Partners, Fenway Sports, Premier League team Liverpool, Major League Baseball, Boston Red Sox, Dallas Cowboys, NFL, Toulouse, AC Milan, Welsh soccer, Football League Locations: British, French, Italian, Welsh, Wrexham

☆ Wrexham's Hollywood owners join group buying into Alpine F1
▼ + stars: | 2023-06-26 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

LONDON, June 26 (Reuters) - Hollywood actors Ryan Reynolds and Rob McElhenney are joining Otro Capital and RedBird Capital Partners in an investor group taking a 24% equity stake in Alpine Racing, the Formula One team's parent company Renault announced on Monday. The 200 million euro ($218.10 million) deal values British-based Alpine Racing at around $900 million following the investment. Alec Scheiner, the co-founder and partner of Otro Capital, will join Alpine Racing's board of directors. Renault said Alpine Racing SAS, the French entity that makes the team's power units in Viry-Châtillon, will remain entirely owned by the carmaker. "Otro Capital, RedBird Capital Partners and Maximum Effort Investments, as international players with strong track record in the sports industry, will bring their recognised expertise to boost our media and marketing strategy, essential to support our sporting performance over the long term.

Persons: Ryan Reynolds, Rob McElhenney, Alec Scheiner, Reynolds, Michael B, Jordan, McElhenney, Renault, Huntsman, Goldman Sachs, Gerry Cardinale, RedBird, Laurent Rossi, Alan Baldwin, Peter Rutherford Organizations: Otro Capital, RedBird Capital Partners, Alpine Racing, Renault, Otro, Alpine, McElhenney, Wrexham, Welsh soccer, English Football League, Main Street Advisors, Fenway Sports Group, Premier League, Liverpool, Boston Red Sox baseball, Toulouse, AC Milan, New York Yankees, Formula, Benetton, Alpine Racing SAS, Thomson Locations: Alpine, Philadelphia, Wrexham, North America, Enstone, England, Viry

☆ Liverpool owner Henry rules out sale of the club
▼ + stars: | 2023-02-20 | by ( ) www.reuters.com time to read: +1 min

Feb 20 (Reuters) - Liverpool's American owner John Henry has said there are no plans to sell the Premier League club after the Merseyside outfit's owners said in November they were exploring a sale. After FSG's initial statement, Liverpool chairman Tom Werner said there was no urgency to complete any potential deal. Are talking with investors about Liverpool? I believe so, but it won't be a sale. Reporting by Aadi Nair in Bengaluru; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

United and Liverpool are the two most successful teams in English football but have won only one league title each in the past decade. "You get a lot of money from the Premier League, from broadcasting and sponsorship, but you also have to put a lot of money in to keep your team." "The failure of the proposal and the failure of Premier League clubs to gain greater power in the running of the league are likely influencing factors," said Spencer Harris, Associate Professor of Sport Management at the University of Colorado. "The current owners (of Liverpool and United) don't have the finances to compete and invest on the level of these other clubs." "(There is a) general realisation that English Premier League teams, the two biggest ones per se, are relatively uncapitalized versus NFL franchises, which have been a barometer for a longer period of time."

☆ Man United, Tottenham, Liverpool takeover targets for Qatar fund - Bloomberg News
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: +2 min

[1/2] General view of the United Trinity statue outside Old Trafford REUTERS/Phil NobleJan 9 (Reuters) - English Premier League clubs Manchester United Plc (MANU.N), Tottenham Hotspur, or Liverpool FC are being targeted by Qatar Sports Investments over a potential acquisition, Bloomberg News reported on Monday. Qatar Sports Investments is considering either a total takeover or a stake in Manchester United or Liverpool, according to the report. Liverpool Chairman Tom Werner also said in November that the Premier League side's owner, Fenway Sports Group (FSG), was exploring a sale of the club. Qatar Sports Investments is currently the owner of French soccer club Paris St Germain, and has a stake in Portuguese soccer club SC Braga. Manchester United and Qatar Sports Investments did not immediately respond to Reuters' requests for comment, while Liverpool could not be immediately reached for comment.

☆ Soccer giants’ new owners may get tiny returns
▼ + stars: | 2022-12-30 | by ( Streisand Neto | ) www.reuters.com time to read: +3 min

The Financial Times reported that PSG’s Qatari owners wanted to offload 15% of the French champions. Recent deals valued the National Football League’s Denver Broncos and basketball’s Utah Jazz at over 9 times revenue, according to Forbes. Possible Man United, Liverpool and PSG owners might hope that the teams will eventually reach such valuation heights. Fenway Sports Group would consider new shareholders for Liverpool, having frequently received expressions of interest from third parties, the English Premier League club’s owners said on Nov. 7. The Financial Times reported on Nov. 28 that Paris Saint-Germain’s Qatari owners were considering selling 15% of the club.

☆ How Gerry Cardinale became the go-to dealmaker for the likes of the Yankees, AC Milan, and Ben Affleck
▼ + stars: | 2022-12-29 | by ( Hayley Cuccinello | Dakin Campbell | ) www.businessinsider.com time to read: +20 min

He bought the soccer club AC Milan in August, earning the attention of the Italian press. This past spring, AC Milan won its first national title in 11 years. Claudio Villa/AC Milan via Getty Images Show less Cardinale at a training session for AC Milan. For instance, the teams sell each other's merchandise in their stadiums, and the YES Network airs AC Milan games. "Now we have a new phase of expansion and internationalization of AC Milan with Gerry."

☆ Why Liverpool and Manchester United, two giants of soccer, are up for sale at the same time
▼ + stars: | 2022-12-24 | by ( Jenni Reid | ) www.cnbc.com time to read: +7 min

In November, the owners of first Liverpool and then Manchester United confirmed they were open to new investment offers, with the potential for full sales of the top flight English clubs. Meanwhile New York-listed shares in Manchester United popped 18% on the news on Nov. 23 that its owners were similarly opening themselves up to investment opportunities. Big money competition One recurring complaint Manchester United fans have had of the Glazers is a lack of investment in the club, across both facilities and players. Old Trafford Stadium, the home of Manchester United Football Club. "In the cases of Liverpool and Manchester United, both owners have held the clubs for a long time, and both assets have appreciated a lot as their leagues and brands and global fan bases have developed.

☆ The Saudi Arabian government would 'definitely support' private bids for UK soccer clubs Manchester United or Liverpool, sports minister says
▼ + stars: | 2022-11-25 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

Saudi Arabia's sports minister told BBC it will support private bids for Manchester United and Liverpool FCs. A consortium led by Saudi Arabia's Public Investment Fund already owns Newcastle United FC. A consortium led by Saudi Arabia's Public Investment Fund purchased Newcastle United FC in October 2021 for $409 million. Manchester United and Liverpool are among the world's most valuable sports teams. Forbes estimates Manchester United is worth around $4.6 billion, while Liverpool is worth about $4.45 billion.

☆ Saudi Arabia wants its investors to own Manchester United and Liverpool
▼ + stars: | 2022-11-25 | by ( Rob Harris | ) www.cnbc.com time to read: +5 min

Cristiano Ronaldo of Manchester United in action during the Premier League match between Manchester United and Liverpool FC on Aug. 22, 2022 in Manchester, England. Ash Donelon | Manchester United | Getty ImagesSaudi Arabia says it wants its investors to take over Manchester United and Liverpool – and hopes Cristiano Ronaldo comes to play in its domestic league. More from Sky Sports:Glazers open to selling Manchester United; Club valued around £5 billionWill Manchester United and Liverpool sales turn into bidding war? Manchester United sale Q&A: Who are the contenders? Cristiano Ronaldo of Manchester United walks on the pitch during a Premier League match between Manchester United and Liverpool FC on Aug. 22, 2022 in Manchester, England.

☆ Liverpool FC: Off the pace in the Premier League, FSG owners would consider new shareholders
▼ + stars: | 2022-11-08 | by ( David Close | ) edition.cnn.com time to read: +3 min

CNN —Liverpool FC’s owners are exploring the possible sale of the iconic English football club, according to The Athletic and The New York Times. Mo Salah celebrates scoring his second goal in Liverpool's 2-1 Premier League win against Tottenham Hotspur on Sunday. “FSG has frequently received expressions of interest from third parties seeking to become shareholders in Liverpool,” added the statement. “FSG has said before that under the right terms and conditions we would consider new shareholders if it was in the best interests of Liverpool as a club. This season, Liverpool is well off the pace in the Premier League title race and will face Real Madrid in the last-16 stage of the Champions League.

☆ Inside BlackRock's long journey toward crypto adoption
▼ + stars: | 2022-11-08 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

BlackRock's crypto quest. The culmination, and perhaps biggest step, in BlackRock's crypto journey came this summer, when it announced a partnership with Coinbase. Insider's Rebecca Ungarino and Morgan Chittum mapped out Blackrock's long journey toward crypto acceptance, which essentially dates back to an initial memo in 2015. Which is why mapping out BlackRock's journey is so interesting, Rebecca told me. Industry insiders detail a difficult week for the tech industry that saw thousands lose their jobs.

☆ LeBron James și partenerii săi de afacere investesc sume fabuloase în FC Liverpool
▼ + stars: | 2021-04-01 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Starul din NBA, LeBron James și partenerii săi de afaceri investesc masiv în FC Liverpool. Compania Fenway Sports Group, care deține clubul englez de fotbal, a semnat un contract cu firma RedBird Capital și va obține de la aceasta peste 735 de milioane de dolari.Banii vor fi alocați pentru modernizarea stadionului Anfield. FSG planifică să majoreze capacitatea tribunelor de la 53 de mii de locuri la 61 de mii. Costul lucrărilor se ridică la 82 de milioane de dolari.Mai mult, noua investiție va ajuta pe FC Liverpool să amortizeze pierderile financiare din perioada pandemiei, estimate la 165 de milioane de dolari.La rândul său, LeBron James, care deținea de mai mulți ani două la sută din acțiunile lui FC Liverpool, își va mări cota de participație la capitalul clubului englez și va deveni membru al grupului de proprietari.Compania Fenway Sports Group, care a cumpărat pachetul de acțiuni al lui FC Liverpool în 2010, este și proprietara echipei de baseball Boston Red Sox.

Persons: LeBron James, Anfield . FSG, James Organizations: FC Liverpool, Compania Fenway Sports Group, RedBird Capital, Anfield, proprietari.Compania Fenway Sports Group, Boston Red Sox Locations: LeBron, englez

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