EA Sports FC 25 Flop Spooks Investors, Sinks Stock Price
Electronic Arts stock fell 16.7% on Thursday—the largest drop for a single day since 2008—after the video game company announced that its marquee product, EA Sports FC…
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Joining the Billionaires at Davos: Lindsey Vonn and Picabo Street
Joining heads of state, philanthropic leaders and the throng of billionaires at the World Economic Forum this week: skiers Lindsey Vonn, Picabo Street and recent Alpine…
Sports Tech Sees Record $37 Billion Deals in 2023, Drake Star Says
The sports tech sector had a record 2023, with more than $37 billion in deals and $7 billion in new money raised for investment funds, according to a new report from…
Shane Battier Joins PE Firm Garnett Station as Senior Advisor
NBA veteran Shane Battier has joined private equity firm Garnett Station as a senior advisor, the company announced Monday. Battier, who served as the head of analytics…
Genius Sports Stock Poised for 2023 Growth, Needham Analyst Says
Sports data and analytics firm Genius Sports is the top stock pick for 2023 by Needham & Co. and equity analyst Bernie McTernan, who says shares of the company could…
Nike Crushes Earnings Estimates and Stock Pops 13%
Nike reported second quarter financial results after the market close on Tuesday that easily beat Wall Street expectations. Investors cheered the news, after last week’s…
Under Armour College Cuts, Curry Seen as Bright Spots in Long Turnaround
At the moment, it’s easy to make a bear case for Under Armour. The performance apparel maker’s CEO, Patrik Frisk, stepped down from the company effective the start of…
Best Of 2021
Leonsis Sees Rise in Platform Business, Roll-Ups and Public Plays
Back in December 2019, Monumental Sports & Entertainment owner and CEO Ted Leonsis made the case, in this newsletter, that platform sports businesses were intrinsically…
SPAC Craze: Are There Enough Sports Properties To Go Around?
As Sportico‘s Brendan Coffey recently noted, nearly 20 special purpose acquisition companies (SPACs) with ties to sports and entertainment have filed to go public since…
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