Record-breaking golf acquisitions

Tom Brady has seven Super Bowl rings. The next closest player is Charles Haley with five. Several others have four. When the 44-year-old was asked if he could play until he was 50, he replied: “I think that’s a yes.” ??

Topgolf / Design: Alex Brooks

A record 3 million people first tried golf in 2020, and its growing popularity shows no signs of slowing down.

Leisure-related buybacks, including golf and boating, have already exceeded $ 11 billion this year, the highest figure since 2006.

About 500 million rounds of golf were played last year, with overall play in the United States is up 14% year-on-year. Several major industry players benefited from the increase.

Since the start of the pandemic, the biggest mergers and acquisitions in golf have taken place.

  • In March, Callaway merged with Topgolf. Callaway already had a 14% stake in Topgolf and will pay $ 2.66 billion to acquire the rest of the company.
  • Platinum Equity, managed by Detroit Pistons owner Tom Gorès, announced in April its intention to acquire Ingersoll Randthe golf cart business for $ 1.7 billion.
  • Acquisition of the private equity firm Centroid Investment Partners TaylorMade Golf in May for $ 1.7 billion, the largest ever acquisition in the golf gear industry.
  • In July, a private equity firm Bruin Capital city bought a majority stake in the swing simulator company At his best for $ 160 million.

However, supply chain issues caused by the pandemic are starting to affect the industry.

American golf of establishments in the UK have told their customers that their tailor-made clubs will not arrive until December.

Acushnet, Titleist’s parent company, now processes customer orders in an average of seven weeks, up from two working days before shortages.

Premier League / Design: Alex Brooks

DAZN has its eye on the Premier League rights – and could make a major acquisition to get them.

Would love to see the Premier League on DAZN, “executive chairman Kevin mayer said Wednesday at the Royal Television Society convention. “It’s a huge market, an incredibly popular sport, a high quality experience, of course we would like it.”

DAZN missed the latest tender for UK’s best football league, which chose to renew existing deals with Air sports, BT Sport, BBC Sport, and Amazon. These agreements are collectively valid $ 7 billion and run until 2025.

Football has been at the heart of DAZN’s strategy.

  • In July, DAZN announced a five-year deal to broadcast the UEFA Women’s Champions League in partnership with YouTube.
  • He owns the rights to Serie A in Italy and rejected a $ 1.83 billion offer from Sky to share those rights in June.
  • It broadcasts the Bundesliga via a sublicensing agreement with Discovery from August 2020.

A path to the Premier League would be to acquire BT Sport. BT was investigating a sale of its sports broadcasting arm in April, with DAZN, Disney, and Amazon all interested. Mayer acknowledged that buying BT Sport is always a possibility.

However, he does not anticipate heavy investments in American companies.

“I don’t think it would be smart for DAZN to really focus on the United States,” Mayer said. “It’s an ultra-competitive market. We’re going to take a fairly light approach to the United States.

Sleeper / Design: Alex Brooks

Fantasy sports startup Sleeper has received a $ 400 million valuation following a $ 40 million funding round.

Andreesen Horowitz led the round which included investments from Golden State Warrior Klay thompsonThompson Family Foundation, General Catalyst, Birchmere Ventures, Miami Dolphins cornerback Byron Jones and former NBA star Shane Battier.

Previous tours included Kevin Durant, Rich Kleinman, and Baron davis.

With more than 3 million users and an ongoing ‘wallet’ functionality, the funds will be used for product development and recruitment, according to CEO Nan Wang.

  • The company originally focused on the NFL and the NBA.
  • Sleeper got into esports during the pandemic through League of Legends and added college basketball earlier this year.
  • The platform explores the development of fantastic new games for the English Premier League, MLB and UFC.

Sleeper Leagues are formed in groups of 12-14 players, with the average user spending 20-35 minutes on the platform per game day.

The company wants to help “sports fans connect with their friends,” according to Andrew Chen, general partner at Andreesen Horowitz. He says business growth, retention and engagement are similar to that of a social app.

The fantasy sports market is expected to reach $ 32 billion by 2025.

Jay Biggerstaff-USA TODAY Sports / Design: Alex Brooks

The Kansas City Royals could move downtown within the next decade.

The team’s current lease at Kauffman Stadium ends in 2031 – at the same time as the Chiefs’ lease ends at Arrowhead Stadium at the Truman Sports Complex.

Ten years later, owner John Sherman – who bought the Royals for $ 1 billion in November 2019 – said this week that the franchise “should start thinking about our future plans for a stadium over the next five to ten years,” and said that “one of those options is to play downtown baseball.

Voters in Jackson County, where Kauffman is located, approved a 0.375% tax about 15 years ago for the improvement of the two stadiums of the Truman complex, where $ 250 million in renovation have been done.

Sherman said a new stadium would probably involve a public-private partnership.

It’s unclear how much a stadium in the city center would cost, but a few other teams have built stadiums in recent years.

  • In a 50-50 split between the Texas Rangers and the city of Arlington, Globe Life Field had a project cost of approximately $ 1.2 billion. It opened last year.
  • SunTrust Park, now called Truist Park, was built for the Atlanta Braves in 2017 and has seen massive economic growth around the park with a whole entertainment district. The cost of the stadium $ 672 million.

Sherman stressed that the decision must “have a positive impact on the quality of life of our citizens”, with a focus on under-represented parts of the community and economic growth.

  • Global online gaming operator PointsBet and Austin FC from MLS announcement an agreement establishing PointsBet as a founding partner of the team.
  • NFL linebacker Bobby Wagner has invested in Public, an investment platform valued at $ 1.2 billion.
  • England women’s football team announcement it will host Germany, Spain and a third team in a new annual international tournament starting next year.
  • Mikal Bridges hasn’t missed a day’s work for over six years. The Western Champion Suns goaltender / forward stopped to a conversation with the association about the Phoenix Finals, playing with Chris Paul and Hoop in 365 straight games. Click here to subscribe.

Thursday’s response
49% of respondents have children.

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