Key insights
6 slides
Key number
Sports tech closed $86 billion across 1,152 deals in 2024.
The sector recorded 18 M&A deals over $1 billion and 17 financings over $50 million. New funds raised over $6 billion.
Record deal-making. The sports tech sector saw record deal-making in 2024 with $86 billion in total deal value.
What changed
Public markets showed a rebound in investor confidence in 2024.
A wave of debt refinancings and follow-on equity rounds occurred. Canal+ spun off from Vivendi to list on the LSE.
Key deals
Silverlake acquired Endeavor for $13 billion in 2024.
KKR acquired Varsity Brands for $4.75 billion. Standard General acquired Bally's Fantasy, Esports & Betting for $4.6 billion.
Growth equity
ŌURA raised $200 million in a Series D round.
TOCA Soccer raised $100 million in a Series F round. LOVB raised $100 million in a round.
Fundraising rounds. Significant fundraising rounds included ŌURA's $200 million Series D, TOCA Soccer's $100 million Series F, and LOVB's $100 million round.
Top performer
Athlete Performance returned 52.03% cumulatively, outperforming the S&P 500.
The S&P 500 returned 23.31%. Fantasy/Esports/Betting returned 10.36% and Digital Media/OTT/Content returned 5.36%.
Sector return. Athlete Performance was the top-performing sub-sector with a 52.03% cumulative stock price return.
2025 watchlist
RedBird, Blue Owl, and Shamrock Capital are key financial buyers to watch.
Strategic buyers to watch include Fanatics, Lottomatica, Sony, and Hudl. New funds target later-stage growth equity.
1 / 6
Ask AI about this report
Summary
I’m ready to craft a comprehensive synthesis, but I’ll need the remaining section summaries to capture the full scope, findings, and conclusions of the Global Sports Tech Report 2024. Could you please provide the rest of the section-by-section summaries?
Cite this report
Citation
Generating citation…
