V Sports Announces Investment from Atairos

[UK Redsox]

https://www.atairos.com/

[Drummond]

I'm completely fucking baffled.


Anyone fancy a pint?

Yes please, and some scratchings.

[AV82EC]

So am I correct in thinking that they are investing in V Sports & not Villa specifically?

Yes. Villa's obviously by far the biggest company in the group though.

They might be looking at something like the next MLS expansion, who knows.

That MLS expansion thing is probably a good shout Risso. Lots of Capital required to buy the franchise and build a stadium if it is going to be in Vegas.

[LostInMunich]

Sounds like a funding round, giving a few shares in V Sports (excluding anything Villa) to a VC company in exchange for a bit of cash.

It's not excluding anything Villa, though. V Sports owns Villa, and Atairos now owns a slice of V Sports.

Easiest way to describe what's happening here is that we have new co-owners. I think!

[pauliewalnuts]

So am I correct in thinking that they are investing in V Sports & not Villa specifically?

Yes. Villa's obviously by far the biggest company in the group though.

They might be looking at something like the next MLS expansion, who knows.

That MLS expansion thing is probably a good shout Risso. Lots of Capital required to buy the franchise and build a stadium if it is going to be in Vegas.

Vegas didn't get the last franchise, so must surely be a fair way off.

[LostInMunich]

I suspect this is more about funding to expand the group and expertise to further push things on the commercial side.

The funding, sure, the expertise, no. That's not usually what PE firms do.

That's precisely what PE firms do.

[Billy Walker]

In the scale of things, for an investment firm like this, is $6.5 billion a lot?

They are a relatively new investment firm.  A quick look at their website tells us they also partner Comcast, NBC Universal and Sky which to me, at least, suggests they have funds/gravitas on a large scale.

[kippaxvilla2]

I always love to see Lost In Munich posting.  Caught in a trap. 

[dave.woodhall]

I'm completely fucking baffled.


Anyone fancy a pint?

You buying?

[pauliewalnuts]

Seem to have a base in Philadelphia, wonder if they were introduced by Heck (Chris, not the expensive sausage manufaturers, obvs)

[LostInMunich]

I always love to see Lost In Munich posting.  Caught in a trap.

No turning back.

Sadly, for me (and now, it transpires, you) I don't post a lot these days. I'll try a bit harder.

[Olneythelonely]

Seem to have a base in Philadelphia, wonder if they were introduced by Heck (Chris, not the expensive sausage manufaturers, obvs)

Wasn’t obvious to me Paulie. Thanks for the clarification.

[Olneythelonely]

Who does do our sausages? Out of interest?

[LeeB]

I always love to see Lost In Munich posting.  Caught in a trap.

No turning back.

Sadly, for me (and now, it transpires, you) I don't post a lot these days. I'll try a bit harder.

If you're struggling for time maybe consider quitting your nine-to-five.

[pauliewalnuts]

I always love to see Lost In Munich posting.  Caught in a trap.

No turning back.

Sadly, for me (and now, it transpires, you) I don't post a lot these days. I'll try a bit harder.

If you're struggling for time maybe consider quitting your nine-to-five.

Yeah, get a job some other time.