Weekly Newsletter 1/4
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INNOVATION IN ACTION
PRIVATE EQUITY TAKING STAKE IN SPORTS
Arctos Sports Partners has closed investments into two NHL teams this past weekend. The private equity firm has acquired stakes in both the Minnesota Wild and the two-time defending Stanley Cup champion, Tampa Bay Lightning. This is another move in a rapidly expanding portfolio of teams for Arctos that includes the Golden State Warriors, Sacramento Kings, and Fenway Sports Group, the parent company of the Boston Red Sox, Liverpool FC, and the Pittsburgh Penguins. As the major leagues in the U.S. and across the globe continue to change the regulations for team ownership, it will be key to keep an eye on private equity firms as they continue to push into the sports industry to diversify their portfolios.
Sports Innovation Lab Events
DELIVERING THE MOST INNOVATIVE GAMES WITH KATHY CARTER OF LA28
On this edition of the Fluid Fan Podcast, Angela Ruggiero is joined by Kathy Carter, CEO of LA28, to take a look ahead at Olympic and Paralympic Games in Los Angeles. Kathy and her team are looking to leave a lasting legacy and positive impact on the city of Los Angeles through multiple new initiatives. You'll hear how her team is leveraging technologies and the incredible resources of LA to make the LA28 Games the most innovative games in Olympic history. Do not miss your chance to learn from one of the most influential minds in global sport, and a behind-the-scenes look into how the biggest event in the world of sports takes place. Tune in on iTunes, Spotify, or watch the episode on YouTube.
The Fan Project Spotlight
A HISTORIC COACHING CHANGE IN LAS VEGAS
After making waves throughout the league's 25th season, the WNBA continued to make a big splash with the announcement of Becky Hammon as the next head coach of the Las Vegas Aces. The WNBA legend will return to the league thanks to a five-year contract that is said to make her the highest-paid coach in WNBA history. Hammon has been breaking barriers with the San Antonio Spurs in the NBA, has been interviewing for NBA head coaching positions, and can now begin her head coaching career in Las Vegas. Our Fan Project Partners at the WNBA must be thrilled to have her. If you want to be a part of our continued push to empower and build investment into the women's sports market while making your company better, then visit our website or thefanproject.co to find out how you can work with us.