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☆ The Oakland A's are leaving the city, but a new baseball team is trying to fill the void. Here's an exclusive look at the pitch deck the Ballers used to raise $2 million.
▼ + stars: | 2024-06-17 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +4 min

Read previewOakland was once home to three major sports teams: the Golden State Warriors, Oakland Raiders, and Oakland Athletics. The Oakland Ballers raised $2 million from 53 individual investors. Before founding the Ballers, Freedman was a serial entrepreneur in the human capital and education sectors. "We're a minor league team in a major league market," Freedman said. Check out the 15-slide pitch deck the Ballers used to raise $2 million:

Persons: —, Paul Freedman, Freedman, Bryan Carmel, " Freedman, Carmel, Michael Fitzgerald, Gagan Biyani, Biyani, Kara Nortman, Angel City, Alexis Ohanian, Serena Williams, Natalie Portman, Williams, Venus, Tiger Woods, Rory McIlroy Organizations: Service, Golden State Warriors, Oakland Raiders, Oakland Athletics, NBA's Warriors, NFL's Raiders, Las, MLB's Athletics, Business, Oakland, Pioneer League, MLB, Education, A's, Maven, Area, cofounding Angel City Football Club, Angel, TGL Locations: San Francisco, Las Vegas, Oakland, Ireland, Ballers, Los Angeles, Ohanian

Tiger Woods couldn't be more involved with primetime TGL unless he had built the arena. Woods, Rory McIlroy and former Golf Channel president Mike McCarley are founding partners in TMRW Sports, the sports and entertainment company behind TGL. “Having the opportunity to not only compete, but also own a team to represent Jupiter is an exciting next chapter for me,” Woods said Tuesday. Woods referred to TGL as a “modern twist of traditional golf” that ultimately will make it more accessible by leaning the glitz of technology. The prize fund is $21 million, with $9 million going to the winning team and players eventually getting equity in the league.

Persons: He's, Woods, David Blitzer, Rory McIlroy, Mike McCarley, ” Woods, Woods hasn't, ” McCarley, McIlroy, Keegan Bradley, Adam Scott, Tyrrell Hatton, Arthur Blank, Alexis Ohanian, Venus Williams, Alex Morgan, Michelle Wie West, Steven Cohen, Marc Lasry, Stephen Curry, Blitzer, “, I've, ”, —, LIV, TGL, Collin Morikawa, Bradley Organizations: TGR Ventures, Jupiter, Golf Channel, TMRW Sports, “, SoFi, ESPN, Technology, Fenway Sports Group, New England, Keegan, Atlanta, Atlanta Falcons, Los Angeles Golf Club, New York Mets, Avenue, Fund, Golden State, —, Philadelphia 76ers, New Jersey Devils, Cleveland Guardians, Washington Commanders, Real Salt Lake, Crystal Palace FC, Premier League, Ryder, Saudi, LIV Golf Locations: Palm Beach Gardens , Florida, Los Angeles, Boston, Serena, New York, San Francisco, Golden, American, Real Salt, LIV .

☆ Tiger Woods and US sporting royalty set to tee off high-tech indoor golf league
▼ + stars: | 2023-11-01 | by ( Jack Bantock | ) edition.cnn.com time to read: +6 min

Staged in partnership with the PGA Tour, the televised indoor golf league – the TGL – is the brainchild of TMRW Sports, a company co-founded by Woods and Rory McIlroy, and will feature 15 of the world’s current top 20-ranked men’s players. Here’s everything you need to know about the competition before it tees off on January 9. Meanwhile TGL New York is led by New York Mets owner Steven A. Cohen and his family office, Cohen Private Ventures. How to watchThe first two-hour match will air on ESPN and ESPN+ from 9 p.m. ET (1 a.m. GMT) on Tuesday January 9, with the second match aired a week later at 7 p.m.

Persons: Woods, Steph Curry, Williams, Rory McIlroy, TGL, ” Woods, “, –, TGL Who’s, Justin Thomas, Arhthur, Blank, McIlroy, Jon Rahm, Patrick Cantlay, Xander Schauffele, Matt Fitzpatrick, Max Homa, Wyndham Clark, Scottie Scheffler, Viktor Hovland, Brian Harman, Richard Heathcote, Tom Kim, Tyrrell Hatton, Tommy Fleetwood, Cam Young, Keegan Bradley, Collin Morikawa, Rickie Fowler, Thomas, Sahith Theegala, Lucas Glover, Shane Lowry, Justin Rose, Adam Scott, Min Woo Lee, Billy Horschel, Kevin Kisner, Serena, Venus Williams, Alexis Ohanian, Giannis Antetokounmpo, Alex Morgan, Michelle Wie, Marc Lasry’s, Curry, Andre Iguodala, Klay Thompson, Steven A, Cohen Organizations: CNN, PGA Tour, TMRW Sports, NBA, NFL, Premier League, Palm Beach State College, Atlanta, GC, The Home Depot, MLS, Atlanta Falcons, Atlanta United, TGL, ESPN, Fenway Sports Group, Boston Red Sox, Pittsburgh Penguins, NASCAR’s RFK Racing, English Premier League football club Liverpool . Los, Reddit, National Women’s Soccer League, Angel City FC, Women’s National, Sports Fund, Golden State Warriors, New York Mets, Private Ventures, ABC Locations: Florida, American, Palm, LAGC, TGL New York

☆ Golf league founded by Woods, McIlroy announces ownership team led by Marc Lasry, Steph Curry
▼ + stars: | 2023-10-19 | by ( Jessica Golden | ) www.cnbc.com time to read: +1 min

Andre Iguodala #9, Stephen Curry #30 and Klay Thompson #11 of the Golden State Warriors high five each other during the game against the Boston Celtics on March 8, 2017 at ORACLE Arena in Oakland, California. Some of San Francisco's biggest sports stars are the new owners of a team with TGL golf, the indoor golf league founded by Tiger Woods and Rory McIlroy. Steph Curry, Klay Thompson and Andre Iguodala have joined an effort led by Marc Lasry, Avenue Capital Group Chairman and CEO, to purchase the San Francisco TGL team. Lasry, former co-owner of the NBA championship Milwaukee Bucks, recently launched the Avenue Sports Fund as part of Avenue Capital Group, which manages $12.5 billion in assets. The investment in TGL San Francisco represents the fund's first major investment.

Persons: Andre Iguodala, Stephen Curry, Klay Thompson, Tiger Woods, Rory McIlroy, Steph Curry, Marc Lasry, San Francisco TGL, Lasry Organizations: Golden State Warriors, Boston Celtics, ORACLE Arena, Francisco's, Avenue Capital, San, NBA, Milwaukee Bucks, Fund, Avenue Capital Group Locations: Oakland , California, TGL San Francisco, Northern California

☆ Billionaire Marc Lasry, who sold his stake in the Milwaukee Bucks, says the next "big opportunity" is in women's sports
▼ + stars: | 2023-06-07 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +2 min

The former co-owner of the NBA's Milwaukee Bucks is raising money for a sports fund. Lasry said he would like to go out and buy basketball teams in Africa and potentially Asia. "Women's soccer should go from $50 million to $500 million in the next 10 years," he said. This year, the famed distressed-debt investor agreed to sell his 25% stake in the Milwaukee Bucks basketball team. Lasry also said he would like to go out and buy basketball teams in Africa and potentially Asia.

Persons: Marc Lasry, Lasry, Aurelien Meunier, Getty Organizations: Milwaukee Bucks, Billionaire, Capital, Bloomberg Invest, National Women's Soccer League, Milwaukee Bucks basketball, National Basketball Association Locations: Africa, Asia

☆ Billionaire Marc Lasry, who sold his stake in the Milwaukee Bucks, sees pickleball offering a better return than investment in the NBA
▼ + stars: | 2023-05-17 | by ( Carla Mozée | ) www.businessinsider.com time to read: +2 min

Marc Lasry said his investments in pickleball and other upstart sports leagues could offer a higher return than those in NBA teams. The co-founder of Avenue Capital Group bought a pickleball team with tennis star James Blake for $100,000 in 2021. He told Bloomberg TV that the team is now worth $10 million. The co-founder of Avenue Capital Group told Bloomberg Television he believes his investments in pickleball and other upstart sports leagues could offer a higher return than those in NBA teams. This year, the 63-year-old investor agreed to sell his 25% stake in the Milwaukee Bucks basketball team.

LONDON, Feb 22 (Reuters) - Buyout financier Ares Management Corp (ARES.N) has been offering funds to support a takeover of Manchester United (MANU.N), three sources familiar with the matter told Reuters. It is the latest U.S. asset manager to seek a financing role in the battle for the English soccer club. It was unclear whether Ares has been looking to finance bids for Manchester United through that fund, which has already invested in Spain's Atletico de Madrid soccer club and Inter Miami CF, or another vehicle. Last Friday, Manchester United received indicative offers from bidders including chemicals firm INEOS, led by long-time fan Jim Ratcliffe, and Qatari Sheikh Jassim Bin Hamad Al Thani. INEOS wants to fund an offer without external financing, but could consider bringing in a minority equity partner, one source said.

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