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Crain Buys 20% Stake in Newsletter Publisher Front Office Sports

  • Sports business publisher has 800,000 newsletter subscribers
  • Company’s minority investment values startup at $25 million

Crain Communications Inc. is investing in Front Office Sports, giving the startup funds to expand its daily newsletter aimed at sports-business professionals.

Crain is buying a 20% stake in Front Office Sports, according to a person with knowledge of the matter who asked not to be identified. The deal values the company at $25 million, the parties said Tuesday. Front Office Sports’ other investor is the private equity firm SC Holdings.