Arctos Terminates Financial Support for Elevate Sports Ventures Enterprises
In a strategic move to expand its presence in the sports industry, Arctos Sports Partners has invested in global consulting firm Elevate Sports Ventures. However, the exact amount of the investment and the valuation of Elevate Sports Ventures as part of this deal remain undisclosed.
Arctos Sports Partners, led by private equity veteran Ian Charles and David "Doc" O'Connor, the former CEO of Madison Square Garden, has been actively investing in franchises across the NHL, NBA, MLB, MLS, and European soccer. Some of the high-profile sports teams in their portfolio include the Golden State Warriors, Boston Red Sox, and Los Angeles Dodgers, which are among the 10 most valuable franchises in the U.S., according to Sportico's calculations.
Elevate Sports Ventures, on the other hand, boasts a clientele of over 170 entities, including the NCAA, NHL, U.S. Open, College Football Playoff, and numerous pro sports franchises worldwide. The company specialises in hospitality sales, naming-rights deals, brand consulting, business analytics, and sponsorship sales.
The deal between Arctos Sports Partners and Elevate Sports Ventures was first reported by Sportico in February. The partnership is expected to create synergies between Elevate's business and the rest of Arctos' portfolio, further strengthening Arctos' rapidly growing portfolio of sports teams and related businesses.
Arctos Sports Partners has raised at least $5 billion to deploy across the sports industry. This latest investment is a testament to their commitment to investing in the sports sector. The exact amount invested by Arctos Sports Partners into Elevate Sports Ventures is yet to be disclosed.
In addition to their latest investment, Arctos Sports Partners has also made significant strides in the sports industry. They have raised an additional $1.1 billion in a second fund, as per an email sent to clients last week. They have also invested in MLS club Real Salt Lake and have partnerships with entities such as Oak View Group, the San Francisco 49ers, Live Nation (NYSE: LYV), Harris Blitzer Sports & Entertainment (HBSE), and now Elevate Sports Ventures.
As the sports industry continues to evolve, investments like these are likely to shape the landscape of the sector. While the exact figures for the investment size and the valuation of Elevate Sports Ventures in this deal remain unknown, it is clear that Arctos Sports Partners is committed to growing its presence in the sports industry.
For more precise figures or official statements regarding the investment amount and the deal valuation, it may be necessary to consult specialized financial news, press releases from Elevate Sports Ventures or Arctos Sports Partners, or industry databases.
Arctos Sports Partners, with a commitment to investing in the sports sector, has recently invested in Elevate Sports Ventures, a move that is expected to synergize Elevate's business with the rest of Arctos' sports portfolio. Elevate Sports Ventures, specializing in various sports-related services, has a diverse clientele that includes numerous pro sports franchises worldwide.
