MSP Sports Capital Co-Leads Sports Investors in Acquisition of Portugal's Estorial Praia Futebol.
M2 EQUITYBITES-July 29, 2019-MSP Sports Capital Co-Leads Sports Investors in Acquisition of Portugal's Estorial Praia Futebol
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29 July 2019 - New York, US-based sports fund MSP Sports Capital has co-led a group of sports investors in North America to acquire Portugal-based sports club Estoril Praia Futebol SAD from Estoril, Cascais, Portugal, the company said.
Terms of the transaction were not disclosed.
The acquisition of Estoril Praia which marks the company's entry into Portuguese football.
The principals of MSP have experience as owners, investors and operators in the National Football League, Major League Baseball, National Basketball Association, ESPN, and sports management.
MSP Sports Capital is a newly-formed sports fund with targeted investments (equity and debt) in sports related properties at the intersection of sports, global media rights, distribution technologies, content creation, sponsorship, esports, betting, and data.
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| Publication: | M2 EquityBites (EQB) |
|---|---|
| Geographic Code: | 6CAPE |
| Date: | Jul 29, 2019 |
| Words: | 153 |
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