KB Partners leads seed round for NIL FanBox
KB Partners has led a $2.25M seed funding round for collegiate sports memorabilia subscription platform NIL FanBox. Founded in 2021, NIL FanBox partners with university athletic departments to offer their fans annual boxes of autographed collectibles from both current athletes and past stars includi...
WWE puts on spectacle for 'Raw' on Netflix debut
INGLEWOOD, Calif. -- It would be hard to dream up a better start to WWE’s Netflix era than Monday night’s episode of "Raw." The event, held at Inglewood’s Intuit Dome, set an attendance record and drew a celebrity-studded crowd featuring the likes of Travis Scott, Ashton Kutcher, Vanessa Hudgens, Ti...
The Most Influential People In Sports Business 2024
Stories by: Rachel Axon, Josh Barnett, Mollie Cahillane, Ben Fischer, Tom Friend, Austin Karp, Terry Lefton, Abe Madkour, Irving Mejia-Hilario, Mike Mazzeo, Ben Portnoy, Alex Silverman, Chris Smith and Adam Stern.
Finance: Already a $30 billion marketplace, the collectibles space expects continued explosive growth
In August, Babe Ruth’s “called shot” game-worn jersey sold for over $24 million, shattering a sports collectible record set just two years prior when a Mickey Mantle card was auctioned for $12.6 million. Both items were sold by Heritage Auctions.
No. 1 Most Influential in 2024: The Private Equity Investor
The NFL had been holding out against private equity’s influence for years.
Anthem hires Carlos Silva as president
Carlos Silva has been named president of Anthem Sports Group, a division of Toronto-based Anthem Sports & Entertainment comprised of TNA Wrestling, women’s MMA series Invicta Fighting Championships and Fight Network. Silva was hired from SeventySix Capital, which he joined this past July as a fu...
DraftKings completes SimpleBet acquisition
DraftKings has completed its acquisition of Simplebet, a B2B provider of automated, in-game wager pricing. When DraftKings first announced the deal in August, it said the integration of Simplebet’s machine-learning models would “improve the quality, breadth and speed of data throughout the DraftKing...
McElhenney uses Cosm watch party to help build Wrexham's global brand
LOS ANGELES -- Wrexham AFC co-owner Rob McElhenney was on the edge of his seat throughout the team’s home game on Tuesday, and then on his feet after the Red Dragons scored a thrilling stoppage-time goal to steal a 1-0 victory over Barnsley FC. Yet while the actor was surrounded by cheering fans dec...