We have just updated our investor database which includes >150 firms in the sports industry. Scroll to the end of this email for instructions on how to access it.
2025-11-18
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Finance & Investments
The fund, Point72 Asset Management, sold 1.3M shares, reducing its stake to 223,464 (0.8%).
Sphere stock is up 91% year-to-date after a debt reorganization.
Ariel Investments also sold 1.1M shares but remains Sphere's largest institutional shareholder (20.6%).
The average F1 team valuation is now $3.42B, up 48% from 2024.
McLaren saw the largest growth, with its valuation rising 203% in two years to $4.73B.
F1's average valuation now trails only the NFL ($7.13B) and NBA ($5.51B).
The loss stems from a $1.4B stock-based compensation charge related to its IPO.
Q3 revenue was $468.1M on $2.4B in gross merchandise sales, up 11% YoY.
The company also extended its ticketing partnership with MLB starting with the 2026 season.
The projection is based on an estimated $500M annual revenue and a $1.95B Forbes valuation.
A new owner would assume ~$300M in debt and over $150M in minority owner paybacks.
Current leadership is expected to stay, with President A.J. Preller set for an extension.
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Media, Broadcasting & Sponsorships
The bout is a warm-up for Joshua, 36, after a year-long professional layoff.
Paul, 28, aims to legitimize his career by fighting an active elite heavyweight.
The professional eight-round heavyweight fight will be streamed globally on Netflix.
He becomes the sixth active NBA player with a signature Nike shoe.
The 24-year-old is averaging 27.5 points and 9.9 assists this season.
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Teams & Leagues
The new franchise will begin operations this November and start competing in 2027.
Minnesota is a top market with 17,000+ girls' volleyball athletes in 450 programs.
LOVB already operates two major Minnesota clubs that train more than 680 athletes annually.
The Women’s Pro Baseball League will feature four teams from New York, Boston, Los Angeles, and SF.
A virtual draft on Nov. 20 will include 130 players for 15-person team rosters.
Games will be held at neutral stadium which has a 5,200-seat capacity.
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Miscellaneous
The partnership is a multiyear agreement using Kalshi's library of event contracts.
Users can make predictions on outcomes across sports, entertainment, and pop culture.
The service operates through PrizePicks' subsidiary, Performance Predictions II, LLC.
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