American Express Named the Official Payments Partner of the National Football League American Express Named the Official Payments Partner of the National Football League Share Beginning with the 2026 NFL Season, American Express and the NFL Will Offer Card Members Access to Ticket Presales, On-site Experiences and Perks at select NFL Events Around the World NEW YORK--(BUSINESS WIRE)--American Express and the National Football League today announced a multi-year global partnership naming American Express the ...

Who is Kal Somani?Somani is a co-owner of the Motor City Golf Club, a Detroit-based golf team set to join Tomorrow's Golf League (TGL) in 2027, which has been co-founded by Tiger Woods and Rory McIlroy in partnership with the PGA Tour. Somani is also said to be an early investor in the TGL.Live EventsSomani, a Scottsdale-based entrepreneur with more than 15 years of experience in artificial intelligence, ed-tech, and data privacy, has built a strong reputation in the technology sector. As the founder of Int ...

We recently compiled a list of the Top 10 Boring Stocks That Make Money. Apollo Global Management, Inc. (NYSE:APO) is one of the most boring stocks.  TheFly reported on March 12 that Atlético de Madrid confirmed that Apollo Sports Capital (ASC), a sports-focused investment affiliate of APO, finalized its previously announced investment and became the club’s controlling shareholder. Following the deal, Quantum Pacific Group remains the second-largest investor, while Miguel Ángel Gil, Enrique Cerezo, and Ar ...

Three more Iran football team members change minds over asylum https://t.co/k2dv88VJW4 ...

Backed by billionaire owners and driven by advanced AI analytics, Italian football club Como 1907 is rapidly climbing Serie A while transforming into a luxury tourist destination. https://t.co/07rXSj9ccJ ...

Core Viewpoint - Apollo Sports Capital has completed its investment to become the majority shareholder of Atlético de Madrid, marking a significant change in the club's ownership structure [1][2]. Group 1: Investment Details - Apollo Sports Capital has become the majority shareholder of Atlético de Madrid, while Quantum Pacific Group retains a substantial stake as the second-largest shareholder [1]. - The shareholders of Atlético de Madrid's Board have approved an increase of equity and strategic capital up to an additional €100 million to support the club's plans, including investments in teams and major infrastructure projects [2]. Group 2: Leadership and Management - Miguel Ángel Gil and Enrique Cerezo will continue to lead Atlético de Madrid as CEO and Chairman, respectively, ensuring continuity in management [2]. - Apollo Sports Capital aims to partner with the club's management to enhance financial strength, sporting competitiveness, and community impact [2][3]. Group 3: Future Plans and Projects - Atlético de Madrid is developing the 'Ciudad del Deporte', an ambitious project aimed at creating a vibrant district for sport, leisure, and tourism [6]. - The club's home, the Riyadh Air Metropolitano, is recognized as one of Europe's elite stadiums and will host the UEFA Champions League final for the second time in 2027 [6]. Group 4: Company Backgrounds - Atlético de Madrid is one of Europe's most prestigious football clubs, with a rich history of success and a dedicated fan base [5]. - Apollo Sports Capital is a global sports investment company focused on credit and hybrid opportunities within the sports and live events ecosystem [3][8]. - Quantum Pacific Group is involved in various industries, including sports, and focuses on long-term asset-backed investments [9].

Group 1 - Football director Benjamin Schmedes will leave Brøndby IF in the summer to take up a newly created position as sports director for the German Bundesliga and league organization DFL [1] - Schmedes will remain as football director at Brøndby IF for the remainder of the season before transitioning to his new role [1] Group 2 - The board of Brøndby IF has initiated the process of finding the club's next football director [2] - Further information regarding this announcement can be obtained from communications director Søren Hanghøj [2]

Core Viewpoint - The company is shifting focus towards sports and entertainment assets to leverage its competitive advantage and enhance value [1] Group 1: Strategic Moves - The sale of Dun & Bradstreet for $630 million and exits from Paysafe, System1, and Sightline indicate a strategic move away from non-core public securities [1] - The acquisition of the remaining 60% of FC Lorient strengthens the multi-club model of Black Knight Football Club (BKFC) to achieve operational synergies across European football leagues [1] Group 2: Performance and Value - BKFC is now the primary value driver, with AFC Bournemouth generating significant transfer profits while maintaining performance in the Premier League [1] - Management has expressed dissatisfaction with the current stock price, claiming it does not reflect the intrinsic value of the platform's private, proprietary assets [1] Group 3: Operational Improvements - Operational improvements at portfolio companies are being coupled with increased disclosure to enhance shareholder visibility into asset-level results [1] - The company is exploring strategic alternatives for its Restaurant Group to redeploy capital into higher-returning opportunities [1]

Financial Data and Key Metrics Changes - Total operating revenues for Q4 2025 were $103 million, a 6% decrease from $110 million in Q4 2024, primarily due to lower restaurant revenue and fewer O'Charley's locations [12] - Total operating expenses in Q4 2025 were $127 million, down from $132 million in the prior year, with a significant decrease in operating expenses by approximately 13% when excluding non-cash impairment charges [13][14] - For the full year 2025, total operating revenue was $424 million, compared to $453 million in 2024, reflecting lower restaurant locations and associated revenue [15] - The operating loss for 2025 was $119 million, compared to $104 million in 2024, influenced by non-recurring management charges and non-cash impairment charges [15] Business Line Data and Key Metrics Changes - The decrease in total operating revenues was primarily attributed to lower restaurant revenue, which was offset slightly by higher lot sales and hospitality revenue at Brasada Ranch [12] - The company repurchased $323 million of stock, representing 28% of shares outstanding, and increased its dividend by 25% to $0.15 per quarter, totaling $30 million in dividends for 2025 [4][5] Market Data and Key Metrics Changes - The performance of AFC Bournemouth, part of the Black Knight Football investment, was highlighted, with the team sitting in eighth place in the Premier League and generating over $400 million in transfer proceeds [6][8] - The company also acquired the remaining 60% of FC Lorient for approximately EUR 60 million, indicating strategic growth in the sports sector [7] Company Strategy and Development Direction - The company is focusing on transforming its portfolio to concentrate on sports and entertainment-related assets, where it has a competitive advantage [9] - Strategic priorities include enhancing operating performance, increasing transparency, and maintaining disciplined capital returns [10][11] - The board is exploring strategic alternatives for its restaurant group and intends to monetize non-strategic assets to redeploy capital toward higher-returning opportunities [9] Management's Comments on Operating Environment and Future Outlook - Management expressed dissatisfaction with the current stock price, indicating that it does not reflect the intrinsic value of the company's assets [8] - The company remains optimistic about its partnership with JANA Partners and the potential for future investments, despite a shift in focus toward sports and entertainment [23][24] - Management is aware of AI risks across its portfolio but believes that most investments are well-positioned with long-term contracts [26][27] Other Important Information - The company expects to receive a $55 million tax refund in the summer of 2026, which will enhance liquidity [16] - Cannae's total assets were over $1.3 billion, with liabilities of $330 million, and a corporate cash balance of over $147 million [16] Q&A Session Summary Question: Strategic priorities and potential monetizations - Management is reviewing individual assets for potential monetization, particularly focusing on sports and entertainment-related assets [19][20] Question: Outlook on JANA partnership - Management remains optimistic about the partnership and its ability to source opportunities, although the focus is now on sports and entertainment [22][24] Question: AI risks across the portfolio - Management believes that most portfolio companies are well-protected against AI risks and are actively looking for ways to implement AI for efficiency [25][27] Question: Valuation of Black Knight Football Club - Management discussed the valuation framework and the importance of updated financial disclosures to better assess the value of their investments [30][33] Question: Investment in SpaceX - The investment in SpaceX is expected to be a source of cash over time, with significant value appreciation since acquisition [36][38]

Financial Data and Key Metrics Changes - Total operating revenues for Q4 2025 were $103 million, a 6% decrease from $110 million in Q4 2024, primarily due to lower restaurant revenue and nine fewer O'Charley's locations [12][13] - Total operating expenses in Q4 2025 were $127 million, down from $132 million in the prior year, with a significant decrease in operating expenses by approximately 13% when excluding non-cash impairment charges [13][14] - For the full year 2025, total operating revenue was $424 million, compared to $453 million in 2024, reflecting lower restaurant locations and associated revenue [15] - The operating loss for 2025 was $119 million, compared to $104 million in 2024, influenced by non-recurring management charges and non-cash impairment charges [15][16] Business Line Data and Key Metrics Changes - The decrease in total operating revenues was primarily attributed to lower guest traffic in restaurants, despite higher average guest checks [12] - The company reported a $55 million tax refund expected in summer 2026, resulting from strategic sales of shares [4][16] Market Data and Key Metrics Changes - The performance of AFC Bournemouth, a key investment, was highlighted, with the team sitting in 8th place in the Premier League and generating over $400 million in transfer proceeds [6][8] - The company also acquired the remaining 60% of FC Lorient for approximately EUR 60 million, enhancing its strategic position in the multi-club model [7] Company Strategy and Development Direction - The company is focusing on transforming its portfolio to concentrate on sports and entertainment-related assets, where it has a competitive advantage [9][10] - A new set of strategic priorities has been established to enhance operating performance, increase transparency, and maintain disciplined capital returns [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed dissatisfaction with the current stock price, indicating that it does not reflect the intrinsic value of the company's assets [8][41] - The board is committed to evaluating and enhancing governance policies to align with best practices [11] Other Important Information - The company repurchased $323 million of stock, representing 28% of its shares outstanding, and increased its dividend by 25% to $0.15 per quarter [4][5] Q&A Session Summary Question: Potential monetizations across the portfolio - Management is reviewing individual assets for potential monetization, particularly focusing on sports and entertainment-related assets [18][20] Question: Outlook on JANA partnership - Management remains optimistic about the partnership with JANA and believes they will continue to source opportunities aligned with the strategic focus on sports and entertainment [22][24] Question: AI risks across the portfolio - Management has considered AI impacts and believes that most portfolio companies are well-positioned with long-term contracts, while also being proactive in implementing AI for efficiency [25][27] Question: Valuation of Black Knight Football Club - Management discussed the valuation framework and indicated that they are providing more detailed financials to help investors understand the value of their investments [30][33] Question: Investment in SpaceX - The investment in SpaceX is expected to be a source of cash over time, with significant value appreciation since acquisition [35][38]