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Ownership Structure

All articles tagged with #ownership structure

business15 days ago•6 min saved

Profit Over Play: The Rise of Private Equity in the NFL

An opinion piece argues that the NFL’s 2021 shift allowing private equity firms to own up to 10% of a team has enabled outfits like Arctos to buy stakes in three franchises (Chargers, Bills, Browns) and links to KKR, turning the league into a broader PE portfolio rather than a collection of city-centered teams. This cross-ownership could push decisions toward ROI and media rights over on-field success and community interests, creating a ‘canary in the coal mine’ scenario that risks monopolistic influence and a slippery slope for fan trust and league balance.

via SB Nation|

#arctos #business #kkr

sports2 years ago•3 min saved

Atlanta Braves Go Public, Leave Liberty Media for Nasdaq Trading

The Atlanta Braves have become the only publicly traded franchise in Major League Baseball (MLB) after shareholders approved a split from their former parent company, Liberty Media. The Braves, trading under ticker symbols "BATRA," "BATRB," and "BATRK" on Nasdaq, are selling shares at a favorable time with a successful team, a new stadium, and a roster of all-stars. Meanwhile, MLB took over broadcasts of the Arizona Diamondbacks' games after Diamond Sports Group, which owned broadcast rights to 14 MLB teams, filed for bankruptcy. MLB's takeover allows for wider distribution and streaming options for fans.

via The Washington Post|

#atlanta-braves #broadcasting-rights #mlb