Selected Articles

Tim Howard Part Of Group Buying Fifth-Tier English Club

Trinity Sports Holdings, who owns the Triple-A PCL Memphis Redbirds and USL expansion club Memphis 901 FC, among others, has taken over ownership of Dagenham & Redbridge FC, a East London-based club that currently plays in England’s fifth division. The group, led by Peter Freund, includes Craig Unger and Rapids G Tim Howard. Trinity Sports Holdings also has stakes in the Yankees, Single-A New York-Penn League Williamsport Crosscutters and Single-A South Atlantic League Charleston RiverDogs. The group was advised by Inner Circle Sports on the English soccer club deal. Financial terms were not disclosed. Continue reading

Serent Capital Invests in KORE Software, the Industry Leader in Business Management Software for Sports and Entertainment

NEW YORK, June 11, 2018 /PRNewswire/ -- KORE Software, the leading provider of business management software for the sports and entertainment industries, has entered a partnership with Serent Capital, a San Francisco-based private equity firm focused on investing in high-growth technology and services businesses.

Serent Capital invests in Kore Software, the industry leader in business management software for sports and entertainment.
Serent Capital invests in Kore Software, the industry leader in business management software for sports and entertainment.

KORE Software's products and services help more than 100 professional sports teams and 450 properties, brands, and agencies worldwide harness valuable customer and partner data to fuel business intelligence and optimize performance. From fan engagement and data warehousing to sponsorship and premium offerings, KORE delivers an integrated suite of applications to drive insights, efficiency, and profitability within sports and entertainment. Continue reading

Sports Tank Announces Five Finalists To Pitch Live In New York

New York, NY. – APRIL 24, 2018: More than 400 applicants submitted their sports and entertainment startups for the fourth edition of Sports Tank. Hosted by TPG Sports Group, Sports Tank is excited to announce the five companies slated to showcase their innovative sports technology in New York City on May 1 5:30 PM.

Held at the Haft Theatre in New York City, the finalists will have the opportunity to pitch their companies to a panel of strategic venture capitalists and prominent sports industry executives. Executives such as Kevin Pritchard (President, Indiana Pacers), Megan Hughes Allison (SVP, Genesco Sports Ent.), Baron Davis (Entrepreneur & NBA All-Star), Lorin Hamlin (Innovative Partnerships, Under Armour), Kyle Charters (Vice President, Inner Circle Sports) and Brian Kopp (Founder, Stretch 4 Advisory) will participate on the Sports Advisory Panel. Continue reading

General Catalyst Leads Funding Round in Duke-Backed Teamworks

-Teamworks’ sports scheduling software clients include NCAA
-VC firm General Catalyst previously invested in Snap, Airbnb

Venture capital firm General Catalyst Partners is leading a $15 million funding round in sports software maker Teamworks, whose clients include the National Collegiate Athletic Association and Adidas Team Sports.

Teamworks was advised by Inner Circle Sports, a boutique investment bank focused on the sports industry. Continue reading

Executives sound off on the new year in sports business

Steven G. Horowitz
Partner, Inner Circle Sports
> Stories/trends: The eventual legalization of sports betting will make an impact on the leagues and fans in the United States. It is unlikely that gambling on sports will be in full force in 2018, but the increased interest in the games and monster revenues will have the U.S. catching up to what the rest of the world legally participates in on a daily basis. The Supreme Court ruling may just speed up everyone’s timeline, but there will still be significant regulatory challenges ahead. … U.S. Soccer’s presidential elections in February. Continued growth of revenue will look easy compared to figuring out the magic formula for the development of the USMNT. Soccer-loving fans in America won’t be satisfied if the U.S. can’t compete at the highest level around the world.

> Personality most intriguing: Dan Reed, Facebook/Jim DeLorenzo, Amazon. While playing things close to the vest the past 18 months, it’s hard to imagine Dan and Jim’s continued foray into media rights conversations won’t have a large impact on team values and player salaries around the globe. With Facebook and Amazon’s market caps in excess of a trillion dollars, it is hard to imagine there is a deal in the market they can’t do (if they are interested).

Dave Portnoy and Erika Nardini, Barstool Sports. This duo is reshaping the way a younger generation is consuming sports and content around sports. It is unlikely that they will be the highest bidder in any negotiation for the traditional bat-and-ball leagues, but I expect them to continue to make their mark in other ways this coming year. Continue reading