Around the Net
NBA Owners Invest In Sports Betting Data Firm
- Bloomberg, Wednesday, October 28, 2015 11:46 AM
Michael Jordan, Mark Cuban and Ted Leonsis are investing millions into Swiss sports data firm Sportradar AG. Raising obvious ethical concerns, the NBA owners were “drawn in large part by the ‘inevitable’ legalization of sports betting in the U.S.,” Bloomberg Business reports. “The full investment round … totals $44 million and is being led by Revolution Growth, a private equity firm founded by Leonsis.”
