Pimco To Finance CVC Sports With $2.8B

Pimco, which manages roughly $2T in assets, will lead the senior debt financing for Global Sport Group (GSG), a sports portfolio owned by private equity firm CVC Capital Partners.

The $2.8B (€2.4B) senior debt package is part of a broader capital restructure that also includes roughly $1.1B (€900M) in junior debt and a minority equity sale.

The deal is expected to be finalised this week, though all parties – Pimco, CVC, and KKR – have declined to comment as of writing.

Two new executives were appointed in London and New York to help clients finance sports team acquisitions.

Demand is rising, as US clients are 3x more likely to own sports assets than European investors.

Experts predict the global sports sector will nearly double in value by 2030, offering strong growth opportunities.

Sportsology purchased a minority stake in the team, recently valued at $2.5B by industry trackers.

The private equity firm is in the process of raising a $500M fund to target teams across top US sports leagues.

The deal reportedly injects $50M into the content studio, valuing the total business at roughly $200M.

The funding comes from Ares Management, a global investment firm managing over $595B in assets.

Capital will fuel acquisitions and expand services for managing digital influencers and content creators.

The department generated $267M in revenue, effectively reversing a $28M loss from the previous year.

Expenses fell as football coaching costs dropped by $22M following a major leadership transition.

The university also invested funds to prepare for upcoming legal settlements regarding athlete compensation.

The agreement gives over 150M athletes in choreographed sports like gymnastics and figure skating access to Universal Music Group's full catalogue.

The deal follows high-profile rights disputes at the Milano Cortina Olympics, where skaters nearly lost permission to use copyrighted songs.

Rights-tech platform ClicknClear will provide licensing tools to help athletes and federations avoid legal issues and pay artists properly.

The Spanish club dropped a potential claim for >$5B (€4.5B) in damages against the sport's governing body.

This conflict began in 2021 when Madrid led an attempt to launch a rival competition to the Champions League.

The agreement effectively ends the rebel project and confirms UEFA’s control over European football tournaments.

F1 founder Bernie Ecclestone and team owner Lawrence Stroll appear in records regarding gifts and social events.

Epstein led a failed bid to acquire the iconic Silverstone racetrack alongside investor Todd Boehly.

Former governing body president Jean Todt and team principal Flavio Briatore also coordinated meetings with the financier.

The organizing committee cleared the chairman following a legal review of his emails with convicted sex trafficker Ghislaine Maxwell.

Prominent clients, including soccer legend Abby Wambach, quit his talent agency this week to protest the controversy.

City officials urged the CEO to step down, but the board affirmed his role leading the 35-member group.

Kruger, a former German football executive, purchased a 75% stake to revamp the fourth-tier team.

Management employs elite data analytics to identify undervalued players, a rare strategy for this league level.

The debt-free club aims to win promotion by developing young players for transfer to larger teams.

Trading on the prediction platform surged 2,700% yearly as users wagered on game scores and halftime shows.

Contracts on pre-planned events like commercials sparked insider trading concerns, prompting the company to increase surveillance.

The firm recently doubled its valuation to $11B after raising capital to expand its operations.