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Investment

The investment in tech startups working at the intersection of sports, health, media and entertainment provides a clear indication of the trends in the industry. From early stage seed investments to large scale capital raises, these announcements signal ‘the future’ when it comes to sports data, digital and technology. 

21
Aug

NetEase to invest $725m building Shanghai Esports park

Source: https://technode.com/2019/08/05/netease-rmb-5-billion-e-sports-park-shanghai/ NetEase has announced its plans to invest over RMB 5 billion (around $ 725 million) in building an Esports park in Shanghai. The news was made on Saturday 3 August during the 2019 China Digital Entertainment Congress (CDEC). NetEase has officially started the planning and construction of the first stage of the Esports...
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16
Aug

Alibaba Co-Founder buys full ownership of Brooklyn Nets

Source: https://markets.businessinsider.com/news/stocks/alibaba-founder-joseph-tsai-buys-full-ownership-of-brooklyn-nets-1028453651 Alibaba co-founder Joseph Tsai is buying full ownership of the Brooklyn Nets and Barclay Center. The deal was announced via a press release on Friday 16 August. Tsai is Alibaba’s second-largest shareholder after Jack Ma, and has a net worth of $US9.5 billion, according to Forbes.     Tsai had previously bought 49%...
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15
Aug

Kellogg’s commits to “continuous investment” in Esports marketing partnership

Source: https://digiday.com/uk/its-a-continuous-investment-kelloggs-gets-serious-about-esports/ Kellogg’s is shifting its ad-related spending in Esports from being an experimental investment to a continuous one. According to Dominik Schafhaupt, marketing manager for snacks in Northern Europe at Kellogg’s, “Esports is an element of our communications mix, and there isn’t a single spend pillar it is funded by.” Esports offers almost unprecedented...
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10
Aug

Fifa plans to exceed pledge to double Women’s World Cup prize fund

Gianni Infantino ‘very confident’ the US$60 million offering will be surpassed for 2023. Posted: August 5 2019 By: Ed Dixon Getty Images  Gianni Infantino, president of Fifa, has said soccer’s global governing body will exceed its promise to double the prize money for the 2023 Women’s World Cup to US$60 million. In July, the president...
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10
Aug

London Stadium landlords losing UK£20m a year

E20 has spent UK£4 million on legal fees in a tenancy battle with West Ham United. Posted: August 5 2019 By: Ed Dixon Getty Images  E20, the owner of the London Stadium, is losing UK£20 million (US$24.3 million) a year on the venue. The latest accounts, which followed a Freedom of Information request from the...
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10
Aug

Naomi Osaka earning US$16m in endorsements as she closes in on Serena

Tennis star now the second highest earner in women’s sport. Posted: August 7 2019 By: Ed Dixon Getty Images  Tennis star Naomi Osaka is rapidly closing in on Serena Williams as one of the biggest off-field earners in women’s sport. The 21-year-old has been ranked second on Forbes’ list of highest-paid female athletes with US$16 million...
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10
Aug

F1 revenues rise to US$620m in second quarter

Brought toyou by the Profits up from US$14m to US$26m compared to same period last year. Posted: August 9 2019 By: Ed Dixon Getty Images  The Formula One Group has recorded a modest year-on-year rise in revenues for the second financial quarter of 2019, going from US$585 million in 2018 to US$620 million in its...
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18
Jul

NBA’s James Harden acquires minority stake in Houston Dynamo, Dash

Source: https://frntofficesport.com/harden-houston-dynamo/ NBA star James Harden is reportedly acquiring a 5% stake in Houston Dynamo (MLS) and Houston Dash (NWSL). The Houston Rockets player signed a then-NBA record $228 million dollar contract extension with the Rockets in 2017, that runs through the 2022-2023 season. The new 5% acquisition will value the organization at well over...
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06
Jul

FIBA and Genius Sports extending partnership

Source: https://www.forbes.com/sites/simonogus/2019/07/08/fiba-and-genius-sports-announce-extension-of-technology-partnership/#7d6c02c85a28   FIBA and Genius Sports announced that they will be extending their technology partnership. The companies originally partnered in 2016 but have been working together for the past 15 years. “We are very pleased to continue this long-term and unique relationship with Genius Sports,” says FIBA Secretary General Andreas Zagklis. “We have been...
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