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☆ Campbell's to partner with Harris Blitzer Sports & Entertainment
▼ + stars: | 2024-10-17 | 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 EmailCampbell's to partner with Harris Blitzer Sports & EntertainmentMark Clouse, Campbell's CEO, and Tad Brown, Harris Blitzer Sports and Entertainment CEO, join 'Squawk on the Street' to discuss the two company's new partnership, how it'll work in practice, and much more.

Persons: Harris, Mark Clouse, Tad Brown Organizations: Harris Blitzer Sports, Sports, Entertainment

☆ Woods to own and play for Florida team in virtual golf league
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +2 min

The team, named Jupiter Links Golf Club, will begin play in January when TGL launches its inaugural season at a custom-built arena in South Florida that will feature a massive simulator screen and an adjustable putting surface. "Having the opportunity to not only compete, but also own a team to represent Jupiter is an exciting next chapter for me. "I expect Jupiter Links GC to showcase the golf culture of my hometown as we compete against the best players in the world." Woods, a 15-time major champion and widely considered the greatest golfer of his generation, is the only player announced so far for the Jupiter Links team. Before each match teams will name three players each to compete in 15-hole contests featuring alternate-shot and singles play.

Persons: Woods, Jason Cairnduff, David Blitzer, Harris, Frank Pingue, Ken Ferris Organizations: TGL, Jupiter, Harris Blitzer Sports & Entertainment, Cleveland Guardians, Crystal Palace Football Club, Atlanta, Boston, Angeles Golf Club, Thomson Locations: Carnoustie, Britain, South Florida, TGL New York, San Francisco, Toronto

☆ NFL owners approve sale of Commanders, former owner fined $60 mln
▼ + stars: | 2023-07-20 | by ( Frank Pingue | ) www.reuters.com time to read: +4 min

July 20 (Reuters) - National Football League owners have unanimously approved the sale of the Washington Commanders franchise to a group led by the co-owner of the NBA's Philadelphia 76ers and the NHL's New Jersey Devils, the league said on Thursday. Financial terms of the deal to purchase the Commanders from Dan Snyder, who was fined $60 million by the NFL for workplace misconduct after the approval was announced, were not disclosed. Former NBA great Johnson wrote on Twitter that he is both "honored and ecstatic" to be a co-owner of an NFL team. The investigation also concluded that the Commanders withheld about $11 million in revenue, and possibly more, that should have been shared with other NFL teams. In 2021 the NFL fined the Commanders $10 million after an independent counsel review found the workplace demonstrated "a general lack of respect" towards women.

Persons: Dan Snyder, Josh Harris, Mitchell Rales, Magic Johnson, Harris, Johnson, Snyder, Frank Pingue, Deepa Babington Organizations: National Football League, Washington Commanders, Philadelphia 76ers, New Jersey Devils, NFL, Harris Blitzer Sports & Entertainment, Fame, Los Angeles Lakers, 76ers, Devils, Premier League soccer, Crystal, Apollo Global Management, Washington, NBA, Twitter, Congress, Forbes, U.S . House, Thomson Locations: Maryland, U.S, Toronto

☆ Commanders reach agreement to sell franchise to Harris-led group
▼ + stars: | 2023-05-12 | by ( ) www.reuters.com time to read: +3 min

Financial terms of the deal, which is subject to league approval, were not disclosed though reports in April said the agreement was for an NFL-record price of $6.05 billion. "We are very pleased to have reached an agreement for the sale of the Commanders franchise with Josh Harris, an area native, and his impressive group of partners," Commanders co-owners Dan and Tanya Snyder said in a news release. "We look forward to the prompt completion of this transaction and to rooting for Josh and the team in the coming years." "We look forward to the formal approval of our ownership by the NFL in the months ahead and to having the honor to serve as responsible and accountable stewards of the Commanders franchise moving forward." In 2021 the NFL fined the Commanders $10 million after an independent counsel review found the workplace demonstrated "a general lack of respect" towards women.

☆ Fanatics moves one step closer to IPO, hiring Meta's head of investor relations
▼ + stars: | 2023-04-27 | by ( Ian Thomas | ) www.cnbc.com time to read: +7 min

While an IPO is not on the immediate horizon, the company is taking a step in the direction of preparing for one, hiring Meta's investor relations head to further build out its engagement with current and future shareholders. Deborah Crawford, who has served as Meta 's vice president of investor relations for more than eight years, is being appointed as Fanatics' head of investor relations, a new position at the company. Prior to Meta, Crawford was head of investor relations for Netflix, where she helped initiate the streaming company's first formal investor relations function, according to Fanatics. Schiffman declined to comment on the potential timing of a Fanatics IPO but confirmed the company has a goal of going public. Fanatics has seen its valuation and investor roster drastically expand in recent years, which has also helped to fuel IPO chatter.

☆ Washington Commanders owner to sell team for $6 billion, report says
▼ + stars: | 2023-04-13 | by ( ) www.reuters.com time to read: +3 min

[1/4] Feb 2, 2022; Landover, MD, USA; Washington Commanders co-owner Dan Snyder speaks as co-owner Tanya Snyder (L) listens during a press conference revealing the Commanders as the new name for the formerly named Washington Football Team at FedEx Field. Mandatory Credit: Geoff Burke-USA TODAY SportsApril 13 (Reuters) - Washington Commanders owner Dan Snyder has reached an agreement in principle to sell the National Football League (NFL) team to a group led by the co-owner of the NBA's Philadelphia 76ers, Josh Harris, according to a Sportico report on Thursday. The Commanders, NFL and a spokesman at Harris Blitzer Sports & Entertainment (HBSE), where Harris serves as managing general partner, all declined to comment. In 2021 the NFL fined the Commanders $10 million after an independent counsel review found the workplace demonstrated "a general lack of respect" toward women. The committee's final report said sexual harassment, bullying, and other toxic conduct pervaded the team's workplace, perpetuated by a culture of fear instilled by Snyder.

☆ Washington Commanders near a deal to sell to 76ers owner for almost $6 billion
▼ + stars: | 2023-04-13 | by ( Jessica Golden | ) www.cnbc.com time to read: +3 min

The Washington Commanders are nearing a sale to an ownership group led by Philadelphia 76ers and New Jersey Devils Owner Josh Harris at just under $6 billion, a person familiar with the deal told CNBC. Harris' ownership group includes Washington D.C.-based billionaire Mitchell Rales and NBA legend Magic Johnson. Amazon founder and Washington Post owner Jeff Bezos was exploring the sale process, but decided not to make an offer, according to ESPN. For Commanders fans and former employees, progress in the sale process is welcome news. Commanders owner Dan Snyder announced in November of 2022, that he was putting the Commanders up for sale.

☆ SlamBall, which combines basketball and football with trampolines, snags big investors
▼ + stars: | 2023-03-21 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +1 min

Are you ready for some ... SlamBall? A star-studded lineup of investors in and around sports are jumping into the sport, which is a mashup of football, basketball and trampolines that was buzzy for a short time in the early 2000s. The investment comes as SlamBall plans to relaunch this summer, more than 20 years after the alternative sport was shut down in the U.S. as ratings fell in its second season. SlamBall recently closed an $11 million Series A funding round led by Roger Ehrenberg's IA Sports Ventures and Eberg Capital, a stakeholder in MLB's Miami Marlins. It took founder and CEO Mason Gordon and Mike Tollin – a producer behind the popular Chicago Bulls docuseries "The Last Dance" who helped launch the league the first time – nine months to secure their full roster of investors.

☆ Fanatics to start livestreamed shopping of trading cards, collectibles
▼ + stars: | 2023-02-02 | by ( Ian Thomas | ) www.cnbc.com time to read: +7 min

The Washington Post | Getty ImagesFanatics is moving into livestreamed shopping around collectibles and trading cards, hiring a former Snap and Alphabet executive to launch its new business later this year. Fanatics Live, which will have a standalone app and a coinciding website, plans to launch in the second half of 2023. Only 31% of U.S. adults have even heard of live shopping, with just 22% saying they've participated in a live shopping event, according to a December poll by Morning Consult. Ebay, which said it saw trading card sales increase 142% in 2020, acquired trading card marketplace TCGPlayer for $295 million in August. While Fanatics Live could move into other forms of entertainment and collectibles over time, it will solely focus on trading cards initially.

Fanatics is in discussions to acquire the BetParx sportsbook, as the sports merchandising company looks to take a bigger position in sports betting, according to people familiar with the matter. Representatives for Fanatics and BetParx declined to comment. Fanatics has been seeking a deal in the sports betting space for some time. The company is opening Fanatics Sportsbook at FedExField, the stadium of the NFL's Washington Commanders. Last year, Fanatics' billionaire executive chairman Michael Rubin sold his 10% stake in Harris Blitzer Sports Entertainment, the owner of the Philadelphia 76ers and New Jersey Devils, allowing Fanatics to enter the gambling space.

☆ How Josh Harris, the owner of the 76ers and Devils, upset Apollo insiders with the time he spent on personal investments
▼ + stars: | 2022-09-20 | by ( Casey Sullivan | Hayley Cuccinello | ) www.businessinsider.com time to read: +16 min

One former Apollo executive couldn't wrap his mind around how the firm got investors onboard with Harris' personal activities. One advisor to Harris' family office said there would be an internal conversation every year to ensure the proper expense allocations. Several former Apollo employees, however, said other Apollo executives were concerned about Harris' use of firm resources. Few if any sources Insider spoke with expected much to change in how private-equity executives managed their personal investments. The lawyer said that the documents often state that a firm's executives will dedicate "as much time as reasonably necessary" to managing their investments.

☆ Two veteran sports execs launch firm aiming to invest up to $50M in early-stage companies
▼ + stars: | 2022-09-20 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

Two longtime sports executives are launching an investment firm they say will back startups capitalizing on the growing opportunities at the intersection of sports, media and entertainment. Velocity Capital Management said Tuesday it will invest up to $50 million in early-stage companies with enterprise values of up to $2 billion. "Camp is a business that cuts across some of the things we've been looking at as a firm," said Abrams. Before joining Harris Blitzer Sports & Entertainment as its chief investment officer in 2018, Abrams served as a partner at Apollo for much of his career. Rees previously guided Sportradar, a data firm that works with sportsbooks, sports federations and media companies, through its IPO in 2021.

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