NBA: Sixth Street backing $6.1bn Chisholm bid for Boston Celtics Sport Business Private equity firm Sixth Street is reportedly part of William Chisholm’s $6.1bn takeover bid of NBA team Boston Celtics, in what would be a North American franchise record. The deal, if successful, would surpass the $6.05bn takeover of the NFL franchise Washington Commanders led by Josh Harris and Mitchell Rales. The Boston Celtics’ current owners, [...]
Blackstone targets Warehouse REIT for £470m takeover Investing Warehouse REIT’s stock price has jumped almost 18 per cent after it was revealed the investment trust had rejected four separate bids for a takeover from US private equity giant Blackstone. Blackstone, as part of a consortium with investment giant Sixth Street, made a £470m offer for the investment trust last week, it announced today. [...]
Investment firm Sixth Street poach FA bigwig of 20 years Sport Business Investment giant Sixth Street has poached former FA Women’s Technical Director Kay Cossington to take up a new role with the US organisation. Cossington, who has been with the FA for two decades, will become Sixth Street’s Head of Global Women’s Football and serve as chief executive of Bay Collective, a multi-club organisation under Sixth [...]
Women’s football and NFL: The biggest sports deals of 2024 December 31, 2024 Sport has been full of deals in 2024 with Premier League clubs being taken over, cricket selling stakes in franchise teams and transfers sending sports fans mad. But which were the standout deals of the last 12 months? Founder of SportsInvest Advisory Achille de Rauglaudre takes a look. March: Women’s football on the rise 2024 [...]
Wingstop UK bought in £400m sale by private equity giant December 23, 2024 The UK franchise of Wingstop has sold a majority stake in its business to US private equity giant Sixth Street. The terms of the deal have not been disclosed, it is understood that the value of the sale is at least £400m. While Sixth Street will take a majority stake in the company, the restaurant’s [...]
Chelsea investor in talks for landmark stake in Miami Dolphins October 3, 2024 Chelsea investor Ares Capital is in talks with the owner of the Miami Dolphins to become the first private equity firm to buy a stake in an NFL franchise. The New York-headquartered asset manager is negotiating the purchase of a 10 per cent stake in the Dolphins’ parent company, according to multiple reports. The deal [...]