NBA Europe: Format revealed as uncertainty shrouds EuroLeague collaboration talks Sport Business The NBA wants its European basketball competition to replicate the dynamic between football’s Champions League and Europa League. Much of the rest of the detail surrounding a property slated for launch next year remains under wraps. A cloud may have fallen over talks between the NBA and EuroLeague but there is at least some welcome [...]
Private equity made to wait for Super Bowl win as Seahawks triumph Sport Business Private equity was forced to wait for its first NFL Super Bowl win after the Seattle Seahawks beat the Sixth Street-backed New England Patriots on Sunday. The fund, based out of Super Bowl host city San Francisco, acquired a minority stake in the Patriots last November after the NFL opened up its league to a [...]
Private equity in NFL incredibly successful, commissioner Goodell says Sport Business Private equity sales in the NFL have been “incredibly successful”, according to the American football league’s commissioner Roger Goodell. It comes after the league voted to allow NFL franchise stakes to be sold to the sector for the first time in 2024. Those stakes are capped at 10 per cent of a franchise but are [...]
Barcelona backer Sixth Street invests in NFL’s New England Patriots September 25, 2025 FC Barcelona investor Sixth Street is set to acquire a minority stake in the New England Patriots in a deal that values the NFL franchise at $9bn (£6.7bn). Sixth Street is buying three per cent of the Patriots and Greek-American billionaire Dean Metropoulos five per cent, according to reporting by Sportico. The Patriots’ long-time owners, [...]
NBA: Sixth Street backing $6.1bn Chisholm bid for Boston Celtics March 20, 2025 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 March 4, 2025 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 January 17, 2025 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 [...]