RedBird Capital Partners
Will Netflix save European sports media rights?
Three leading industry figures are bullish on media rights values, believing that Netflix is likely to enter into European sports acquisitions to continue its growth, thereby significantly boosting competition in the market.
Pro League CEO: Clubs can fire me if we need PE cash
The hazards of private equity investment in football was a strong theme at this year’s IMG x RedBird Summit with Lorin Parys, the Belgian Pro League CEO, issuing a warning over the associated payouts.
RedBird, Weatherford open PE firm for college investments
RedBird Capital Partners and Weatherford Capital have announced a new private equity firm, Collegiate Athletics Solutions (CAS), to invest in public and private university athletic departments in the United…
AC Milan to leave San Siro, Cardinale plans other Serie A stadium builds
AC Milan is to build the first new football stadium in Italy since 2011, after its US financier owner Gerry Cardinale outlined plans for a 70,000-seat sports and entertainment arena
Ex-NBCU head Shell to lead RedBird Capital’s sports investment business
Jeff Shell, the former chief executive of NBCUniversal (NBCU), is to join US private equity firm RedBird Capital Partners to lead its sports and entertainment investment business
RedBird ponders Toulouse FC sale as Uefa hones in on multi-club ownership
RedBird Capital's ownership of Ligue 1 club Toulouse FC could be the first casualty of Uefa's new clampdown on multi-club ownership in European football
Otro, RedBird and Maximum Effort acquire stake in F1 outfit Alpine
A consortium consisting of Otro Capital, RedBird Capital Partners and Maximum Effort Investments has invested €200m ($217.8m) to acquire a 24-per-cent equity stake in Formula 1 team Alpine Racing.
NFL, RedBird announce Sunday Ticket commercial venues deal
The National Football League has announced a deal with RedBird Capital Partners to form a new media platform, EverPass Media, which will hold exclusive rights to distribute out-of-market package NFL Sunday…
Jeff Zucker named CEO of sports media investment firm RedBird IMI
Jeff Zucker, the former chairman of WarnerMedia news and sports and CNN worldwide president, has been named the chief executive officer of RedBird IMI, a joint venture investment vehicle between RedBird …
Zucker ‘in talks’ to lead sports investment fund
Jeff Zucker, former chairman of WarnerMedia news and sports and CNN worldwide president, is in talks to lead a $1bn (€1.0
Jim O’Connell on leveraging opportunity with Athletes First Partners
In this week’s episode, podcast co-hosts Eric Fisher and Chris Russo interview Jim O’Connell, president of Athletes First Partners. Fisher and Russo also discuss RedBird Capital Partners’ sale of its stake in OneTeam Partners, the National Football League’s new collaboration agreement with the German Football League, Ares Management raising $3.7bn (€3.7bn) to invest in the sports industry, the pending sale of Major League Baseball’s Los Angeles Angels, and ownership turbulence with the National Basketball Association’s Phoenix Suns.
RedBird Capital sells OneTeam Partners stake
United States-based investment firm RedBird Capital Partners has sold its equity stake in OneTeam Partners, the company designed to help athletes maximize the value of their name, image, and likeness r…
Tony Knopp on envisioning the future of live events and ticketing
In this week’s episode, podcast co-hosts Eric Fisher and Chris Russo interview Tony Knopp, co-founder and chief executive of TicketManager. Fisher and Russo also discuss the $238m (€238m) Series E fundraising for New York-based ticketing company SeatGeek, RedBird Capital Partners’ takeover of Italian football club AC Milan in partnership with Major League Baseball’s New York Yankees, expansion of the College Football Playoff, executive Ed Hartman leaving the United States Football League for gaming operator PointsBet, and the business success of MLB’s Atlanta Braves.
YES Network to air encore AC Milan matches following takeover
Yankee Global Enterprises, the parent company of Major League Baseball's New York Yankees, has made an immediate move after acquiring a minority equity stake in AC Milan by securing a deal for the YES…
Yankees, LeBron James-backed fund joining AC Milan ownership
MLB club expands its soccer holdings as part of RedBird Capital-led takeover
Matthew Caldwell on the renaissance of the Florida Panthers
In this week’s episode, podcast co-hosts Eric Fisher and Chris Russo interview Matthew Caldwell, president and chief executive of the National Hockey League’s Florida Panthers. Fisher and Russo also discuss the dissolution of the planned $1.35bn (€1.26bn) merger between SeatGeek and RedBall Acquisition Corp., the unsolicited offer by Nike co-founder Phil Knight to buy the National Basketball Association’s Portland Trail Blazers, the debut of the New England Sports Network’s new direct-to-consumer streaming service, ratings prospects for the NBA and NHL postseason title rounds, and the new arena pursuit of the NHL’s Arizona Coyotes.
SeatGeek, RedBall Acquisition Corp. call off merger agreement
Parties cite 'unfavorable market conditions' as $1.35bn deal abruptly canceled
RedBird Capital finalises €1.2bn deal to acquire AC Milan
RedBird Capital has agreed terms on a deal to acquire recently-crowned Italian football champion AC Milan from fellow US investment group Elliott Management.
The deal values AC Milan at €1.2bn ($1.2