PrivCo Logo

Celebrities' Sporty Investments

Celebrities' Sporty Investments
January 24, 2022

The Daily Stack is a daily private market insights newsletter by PrivCo, a private company intelligence platform. Read our previous insights.
Have an interesting topic you want us to include, let us know!

Hope you had a great weekend. I expect for some of you, a great weekend includes watching a game on the couch with snacks, a cold beverage, and your feet up. Today we’re going to keep on that theme with a look at the wacky world of celebrity sports team owners. Game on!

Let’s start with some stats. Jennifer Lopez is 52 years old, has starred in 32 movies (including two to be released this year), has 30 fragrances tied to her celebrity, and, up until her divorce from Marc Anthony, was a minority owner in Miami Dolphin’s football franchise.


    

Here are five other celebrities using their star power to recruit star players. 

#1. Justin Timberlake is a Memphis hometown hero and partial owner of the Memphis Grizzlies NBA basketball team worth $1.5BN.

#2. Bill Maher, the opinionated talk show host, contributed $20MM for a stake in the New York Mets after the Wilpon family lost big in the Bernie Madoff scandal. He tripled his investment when ownership changed hands again in 2020.

#3. Usher knows a thing or two about fancy footwork, something he expects from his team, the Cleveland Cavaliers. He paid about $9MM in 2005 for a minority stake of the team, now worth $1.65BN.

#4. Will and Jada Pinkett Smith’s marriage may be open, but their majority ownership stake in the Philadelphia 76ers is a closed deal. The basketball team is worth nearly $2.5BN.

#5 Venturing out of America’s favorite pastime, and his own sport of expertise, Lebron James traveled across the pond for his minority stake in Liverpool Football Club. He and his business partner Maverick Carter paid about $6.5MM for a 2% stake in the club now worth $4.1BN. Score.

For more celebrity-owned sports teams, check out this article and our database of team financials.

Since last week, PrivCo has added:
2,836 Companies | 203 Funding Activities | 118 M&A Deals

Funding & Deal Highlights:


Coalesce.io raises $5.9MM from GreenPoint Ventures

Platform • Seed • San Francisco, CA


Windgap Medical raises $39MM from Taiwania Capital 

Pharmaceuticals • Round B-1 • Watertown, MA


Bokksu raises $22MM from Valor Sire Ventures 

Subscription Food • Round A • New York, NY


Zuper raises $13MM from FUSE

Workplace Management • Round A • Seattle, WA


Shoplazza raises $150MM from SoftBank Vision

E-Commerce • Round C-1 • Toronto, Canada


8minute Solar Energy raises $400MM from EIG Global Energy Partners

Solar • Equity • Los Angeles, CA


LummoSHOP raises $80MM from Tiger Global 

E-Commerce • Round C • Jakarta, Indonesia


Cane Technology raises $30MM from The Production Board 

Beverage Printer • Seed • Emeryville, CA


SOMA Finance raises $6.5MM from Animoca Brands

Cryptocurrency • Seed • New York, NY


Whoosh raises $6MM from Craft Ventures

Golf Software • Equity • Mill Valley, CA


PlantPlus Foods acquires Sol Cuisine

Plant-Based Foods • Acquisition • Chicago, IL


Plaid acquires Cognito HQ

Compliance • Acquisition • Palo Alto, CA


Mercedes Benz acquires Luminar Technologies

Autonomous Vehicles • Acquisition • Portola Valley, CA
 

Forward to a Friend Forward to a Friend
Not a subscriber yet? Sign up here.
Have an interesting topic you want us to include. Let us know! 
Website
Twitter
LinkedIn
Copyright © 2021 PrivCo Media, LLC. All Rights Reserved.
Unsubscribe | PrivCo.com | Contact Us
PrivCo Logo

Company

HomeSign inContactPricing

Links

SupportFeedbackMedia InquiriesPartnership Inquiries