Sapphire Sport Starts $181 Million Venture Fund as Sector Grows
Investors in the firm’s second fund include Adidas, Sinclair, MSG and several team owners.
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Venture capital firm Sapphire Sport has raised $181 million for a new fund, adding investors from across the sports world as it looks to capitalize on growing interest in the sector.
Investors include Adidas AG, Sinclair Broadcast Group, the Bank of Montreal, AEG, Madison Square Garden Sports and City Football Group, the Emirati owners of English Premier League club Manchester City. It’s also backed by franchise owners such as Stephen Pagliuca and David Blitzer and sports investment firms including Arctos Sports Partners.