Chelsea sale completes, Arctos nears $4 billion in assets: Sporticast – Sportico.com
In the latest episode of Sporticast, hosts Scott Soshnick and Eben Novy-Williams discuss the biggest sports business stories of the week, including the sale of Chelsea FC, which could close as early as this week.
There remain three groups of candidates, each led by American franchisees: Todd Boehly, Steve Pagliuca and Josh Harris/David Blitzer. The process is now in the final stages, during which consortia are expanding with new capital and notable investors. In recent weeks, Serena Williams and Lewis Hamilton have joined the Harris/Blitzer group; Longtime Chelsea captain John Terry has joined the Boehly group.
The hosts also discuss a recent filing from Arctos Sports Partners, which showed the private equity firm has approximately $3.9 billion under management. The group has already used some of this money to make more than a dozen franchise investments in the NBA (Kings, Warriors), NHL (Wild, Lightning), MLB (Dodgers, Giants, Red Sox, Cubs, Padres) and beyond. .
Finally, the pair talk about the fall in Netflix shares after last week’s earnings report, and a recent Sportico story highlighting how certain sports betting laws benefit teams in leagues such as the WNBA and MLS.
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