Sixth Street Burnishes Portfolio With NBA’s Celtics, MLB’s Giants
Buying into two of sports’ preeminent franchises in one week probably wasn’t by design for Sixth Street, but the private equity firm has announced itself as a major…
Sixth Street
Sixth Street Buys 10% Stake in MLB’s Giants, Real Estate Project
Private equity firm Sixth Street has invested in the San Francisco Giants in a deal that includes both the MLB team and its real estate efforts in the city’s downtown…
Bay FC Embodies NWSL Teams’ Global Ambitions
In April 2023, the Bay Area was awarded the NWSL’s 15th franchise. Former Levi Strauss executive Brady Stewart was hired two months later as Bay FC’s CEO and first…
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Denver Group Secures NWSL Team at Record $110M Expansion Fee
Denver has secured the NWSL’s 16th franchise at an expansion fee of $110 million, according to multiple people familiar with the matter. Backers of the Denver bid…
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Florida State, Sixth Street Ended Investment Talks About a Year Ago
Florida State University and private equity giant Sixth Street mutually agreed to end talks about a possible investment into the athletic department about a year ago…
NFL Owners Approve Private Equity Deals, Unlock Billions
NFL owners have approved new ownership rules that will allow private equity firms to buy passive minority stakes in franchises. Owners voted Tuesday afternoon…
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NFL Grants Ares, Sixth Street a Seat in Private Equity Talks
The NFL hosted private equity executives at the league’s Park Ave. headquarters Thursday, as the world’s richest sports league moves to open its doors to institutional…
FSU Expands Legends Deal as Sixth Street Talks Continue
Florida State University has spent the last year in talks with private equity giant Sixth Street about a possible cash infusion. On Wednesday, the university announced a…
As NCAA Settlement Looms, So Does College Sports’ Private Capital Era
The NCAA and its biggest conferences are currently negotiating a legal settlement that could usher in a new era in big-time college sports, one where athletes see more…
FSU Seminoles Eye $327M From Revenue Bonds Amid ACC Fight
The Florida State University athletic department is looking to raise $326.6 million from an upcoming bond offering as administrators speak openly about the Seminoles…
Sixth Street Signs $500K Jersey Deal With Sixth Street-Owned Bay FC
Bay FC, the NWSL expansion team majority owned by Sixth Street, has signed a jersey patch deal with Sixth Street. You read that right. The private equity giant…
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NWSL Owners’ New Private Equity Rules Exclude Sovereign Wealth
NWSL owners have codified new rules to govern private equity funds invested in multiple teams, a policy that also excludes sovereign wealth funds from investing in the…
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