知情人士透露，联盟对该交易的批准取决于多项条款，包括核实运动员之间是否存在利益冲突，例如担 任 KKR 旗下公司的代言人。 他们表示，KKR将利用其资产负债表收购Arctos，Arctos将成为其资产管理业务的一部分。 收购资产管理规模约150亿美元的Arctos，使KKR得以在蓬勃发展的私募市场两大领域——体育和二级 市场投资——站稳脚跟。知情人士透露，KKR也曾考虑收购其他二级市场投资公司，但最终出价不 高。截至9月底，KKR管理的资产规模达7230亿美元。 Arctos是体育投资领域的早期开拓者，持有NBA金州勇士队和犹他爵士队以及棒球洛杉矶道奇队和休斯 顿太空人队的股份。此外，它还持有NFL洛杉矶闪电队和NHL新泽西魔鬼队的股份。 智通财经APP获悉，据知情人士透露，KKR & Co.(KKR.US)已同意收购Arctos Partners ，该交易对这家 体育和二级市场投资公司的估值约为 10 亿美元，并保留了现有的管理团队。知情人士透露，这两家公 司正在寻求美国主要职业体育联盟对该交易的批准。 该交易包含对 Arctos 高管(包括联合创始人Ian Charles)的激励措施，这些措施可能使公司估 ...

金融巨头KKR正在就收购专业体育投资机构Arctos Partners的多数股权进行深入谈判，交易估值可能在 55-65亿美元（约420亿元人民币）之间。 KKR管理资产规模达7230亿美元（约5.1万亿元人民币），而成立于2019年的Arctos虽然年轻，却已管 理着143亿美元资产，持有包括利物浦、巴黎圣日耳曼、金州勇士等十多家全球顶级体育俱乐部的少数 股权。 交易结构：多层设计下的资本博弈 KKR与Arctos的谈判始于2025年9月，目前已进入深度谈判阶段。这笔交易被外界视为"大PE吞小PE"的 典型案例。如果最终完成，将是2026年体育界第一大并购案。 根据市场估计，交易的企业价值在55亿至65亿美元之间。这一估值是基于Arctos所持球队2024年合计 EBITDA（税息折旧及摊销前利润）约4.8-5.2亿美元，按12倍的中值测算得出的。 值得注意的是，KKR并非计划100%收购Arctos，而是寻求多数股权。知情人士透露，交易结构将采 取"70%老股+30%共同投资"的混合模式。 具体的操作路径分为两步：首先由KKR北美XIII号基金收购Arctos创始人、部分LP及早期员工手中的70- 75% ...

Group 1 - The core point of the article is that Atletico Madrid is in advanced negotiations with Apollo Global Management for the sale of a controlling stake, valuing the club at approximately €2.5 billion (around $2.9 billion) [1][2] - Apollo Global Management may acquire control by purchasing shares from the club's CEO Miguel Angel Gil Marin and President Enrique Cerezo, and possibly from Ares Management [1] - The existing management is expected to remain in place, and shareholders may only sell a portion of their stakes [1] Group 2 - Atletico Madrid requires at least €60 million in new capital to invest in the team and develop sports and leisure projects around the Metropolitano Stadium [2] - Apollo Global Management has secured a three-month exclusive investment period, which is set to expire in mid-October [2] - Apollo Global Management manages over $800 billion in assets and plans to establish a $5 billion sports investment fund [2] - The global sports sponsorship market is projected to reach $115 billion by 2025 and exceed $160 billion by 2030 at the current growth rate [2]

Core Viewpoint - The article discusses the recent acquisition of the Boston Celtics by a private equity consortium led by William Chisholm, which has raised the team's valuation to $6.1 billion (approximately 43.8 billion RMB), marking the highest price ever for a professional sports team in the U.S. [4][22] Group 1: Acquisition Details - The acquisition of the Boston Celtics by Chisholm's consortium includes notable members such as heirs to major corporations and seasoned investors, with Mario Ho being the youngest and the only Chinese member [8][6]. - The Celtics have a rich history, being one of the oldest and most successful teams in the NBA, with 79 years of existence and 18 championship titles [18][19]. Group 2: Mario Ho's Background - Mario Ho, at 30 years old, has transitioned from being a die-hard fan to a core shareholder of the Celtics, having previously attempted to acquire a stake in the Golden State Warriors [10][7]. - His educational background at MIT and proximity to the Celtics' home arena allowed him to become a passionate supporter of the team during its rebuilding phase [9][10]. Group 3: Financial Implications - The Celtics' valuation has increased significantly, with a 12% rise following their recent championship win, and the sale price reflects a nearly 17-fold increase since the previous ownership [22][21]. - The team's financial strategy has included reducing payroll and luxury tax burdens, which were factors in the decision to sell [22][23]. Group 4: Broader Investment Strategy - In addition to the Celtics, Mario Ho has made significant moves in the esports industry, founding the V5 esports club and later merging it with another club to form a larger entity [12][14]. - Ho's acquisition of the commercial management company under Wang Sicong indicates a strategy to expand his investment portfolio into the cultural and tourism sectors, leveraging synergies with his esports interests [15].

Core Viewpoint - Apollo Global Management plans to launch a $5 billion sports investment fund, marking its first dedicated permanent capital allocation for the sports sector, reflecting a growing trend of private equity firms entering the rapidly expanding sports finance market [1][2] Group 1: Investment Strategy - The new fund will employ a dual investment strategy, providing loans to sports leagues and teams while also acquiring club equity, allowing for stable debt returns and participation in long-term asset appreciation [2] - Apollo's existing investments in the sports sector, including an £80 million loan to Nottingham Forest FC secured by club assets, illustrate its investment strategy [2][3] - The company is also in negotiations to acquire equity in Atlético Madrid, indicating its interest in directly holding quality sports assets [3] Group 2: Market Dynamics - The sports finance market is attracting significant attention from private equity due to traditional lenders' cautious approach, allowing private firms to fill the gap and achieve high returns through quick decision-making and flexible structures [2][3] - Other private equity giants, such as CVC and Ares Management, are also actively investing in the sports sector, indicating a competitive landscape that is driving up transaction valuations and providing more financing options for sports organizations [4][5]

Group 1 - The core point of the news is the announcement of Chinese table tennis player Fan Zhendong joining the Saarbrücken club for the 2025-2026 season and his participation in multiple competitions including the Bundesliga, German Cup, and Champions League [1][4] - Fan Zhendong expressed his excitement about returning to Saarbrücken, where he previously participated in the World Cup in 2016, and emphasized his goal to help the team achieve better results [1][2] - The announcement also highlighted Fan Zhendong's investment in the American Professional Table Tennis League (MLTT), marking his entry as a strategic investor, which parallels other notable investments in the league [3][4] Group 2 - The MLTT was established in 2023 as a commercial league that operates independently of the International Table Tennis Federation, allowing players to participate in other events simultaneously [3] - Fan Zhendong's return to competitive play comes after a hiatus since winning two gold medals at the Paris Olympics, during which he announced his withdrawal from world rankings but not retirement [4]

Core Viewpoint - The article discusses the recent acquisition of the Boston Celtics by a private equity group led by William C. Cheatham, which has raised the team's valuation to $6.1 billion, marking the highest price ever for a professional sports team in the U.S. [3][16] Group 1: Acquisition Details - The acquisition of the Boston Celtics by Cheatham's consortium includes notable investors such as Aditya Mittal, Bruce Beal, and Rob Hale, with Mario Ho (He Yaojun) being the youngest and only Chinese member [7][5]. - The Celtics have a rich history, being established in 1946 and recently winning their 18th championship, surpassing the Lakers for the most titles in NBA history [17][20]. - The Celtics' valuation increased by 12% within two weeks after their championship win, highlighting the financial potential of NBA teams [20]. Group 2: He Yaojun's Background - He Yaojun, at 30 years old, has transitioned from being a die-hard fan to a core shareholder of the Celtics, making him the youngest owner in NBA history [5][6]. - His journey began at MIT, where he developed a strong connection with the Celtics, attending games frequently and supporting the team through its rebuilding phase [8][10]. - He Yaojun's involvement is seen as a strategic move to leverage his resources and connections to enhance the Celtics' brand and market presence in Asia, particularly in China [8][14]. Group 3: Financial Implications - The Celtics' previous owner, Wyc Grousbeck, purchased the team for $360 million in 2003, and the recent sale reflects a nearly 17-fold increase in value [18][20]. - The team has faced salary cap pressures, leading to significant roster changes aimed at financial optimization while maintaining a competitive team [19][20]. - The Celtics' financial strategy includes high-value contracts for star players, which have contributed to the team's current valuation and market position [19][20].

Core Viewpoint - The article highlights the significant increase in the valuation of the New York Liberty, a WNBA team, which was sold for $450 million, marking a record for women's professional sports teams. This success is attributed to the strategic management of Joe Tsai and Clara Wu Tsai, who purchased the team in 2019 for between $10 million and $14 million, demonstrating their belief in the potential of women's sports [4][9][10]. Group 1 - The New York Liberty's valuation has surged from $1.3 million in June 2022 to $450 million in 2023, representing a 30-fold increase since the Tsai couple's acquisition [11][12]. - The funds raised from the recent equity sale will be used to build a new training facility, which will cost $80 million and is expected to open in 2027 [8][10]. - Clara Wu Tsai has played a pivotal role in transforming the team's operations, including relocating the home games to the Barclays Center and enhancing player welfare and facilities [11][12]. Group 2 - The Tsai couple also owns the Brooklyn Nets, with the total valuation of their sports holdings reaching $6 billion after a recent sale of part of their stake in BSE Global [14][15]. - The NBA's future broadcasting deal, potentially worth $76 billion over 11 years, is expected to further increase the value of teams like the Brooklyn Nets [14][15]. - Clara Wu Tsai expressed confidence that the New York Liberty could become the first women's sports team valued at $1 billion by the mid-2030s [11][12]. Group 3 - The article discusses the Tsai couple's backgrounds, highlighting Joe Tsai's venture capital experience and Clara Wu Tsai's corporate leadership roles, which have contributed to their success in sports investments [17][18]. - Their shared passion for sports has led them to invest significantly in the industry, with Joe Tsai previously stating that sports teach valuable lessons applicable to business [18][19]. - The couple's recent activities include investments in the Asian University Basketball League, showcasing their commitment to developing sports at various levels [19].

Core Viewpoint - The article highlights the significant increase in the valuation of the New York Liberty, a WNBA team, which was sold for $450 million, marking a record high for women's professional sports teams. This success is attributed to the strategic management of Joe Tsai and Clara Wu Tsai, who have transformed the team since their acquisition in 2019 for between $10 million and $14 million [4][8][9]. Group 1: Valuation Growth - The New York Liberty's valuation has surged from $13 million in June 2022 to $450 million in 2023, representing a 30-fold increase since the Tsai couple's acquisition [9][10]. - The team plans to use the funds from the recent equity sale to build a new training facility, which will cost $80 million and is expected to open in 2027 [7][9]. Group 2: Strategic Management - Clara Wu Tsai has played a pivotal role in the team's management, including relocating the team's home games to the Barclays Center and enhancing player benefits and operational standards [9][10]. - The Liberty's recent success includes reaching the WNBA Finals in 2023 and winning their first championship in 2024, further boosting the team's valuation [9][10]. Group 3: Broader Industry Context - A study indicates that the cumulative value of WNBA and NWSL teams is projected to grow by $1.6 billion over the next three years, driven by increasing viewership and commercial revenue [10]. - The Tsai couple's experience in managing sports franchises positions them well to capitalize on the growing interest and investment in women's sports [10][12].