Arizona Coyotes Acquisition & Valuation

Suning Sports is the sports arm of Chinese retail and property conglomerate Suning Holdings Group, headquartered in Nanjing, Jiangsu, and incorporated as Jiangsu Suning Sports Industry Co., a joint venture of Suning Holdings, which owned 90% at the end of 2016, and Suning Appliance Group. It built a business spanning sports media, over-the-top streaming, sports retail and youth training. Its digital platform PP Sports bought Chinese broadcast rights to major football competitions, including the Premier League, La Liga, Serie A, Ligue 1, the Chinese Super League and, from 2018-19, exclusive television and online rights to the Bundesliga for five seasons, along with AFC competitions and WWE, earning revenue from subscriptions and advertising. It opened its first flagship fan store in Nanjing in 2017, planning 152 stores by 2020, and developed grassroots training programmes. Through its Hong Kong subsidiary Suning Sports International, it sits above Great Horizon, the vehicle through which Suning bought a majority stake in Inter Milan in 2016, and the group also owned Chinese Super League club Jiangsu Suning. In July 2018 Suning Sports raised a $600 million Series A led by Goldman Sachs and Alibaba, with Evergrande, Yunfeng Capital, SenseTime, CCB International and others, valuing it at about $2.6 billion. Under financial strain, Suning halted operations at its Chinese football clubs, including champions Jiangsu, in February 2021.

Aston Martin F1 Team is a British Formula One constructor based at Silverstone, Northamptonshire, that races as the Aston Martin Aramco Formula One Team. It is owned and operated by AMR GP Limited, a company set up on 2 August 2018 as Racing Point UK Limited by an investment consortium led by Lawrence Stroll to take over the Force India team from administration; the Silverstone operation traces its origins to Jordan Grand Prix, founded in 1991. After Stroll took a 16.7% stake in carmaker Aston Martin in January 2020, the Racing Point F1 Team was rebranded as Aston Martin for the 2021 season. The team competes with title partner Aramco, and its drivers since 2023 have been two-time world champion Fernando Alonso and Lance Stroll. It switched from Mercedes customer engines to a Honda works partnership in 2026, with Adrian Newey as team principal and managing technical partner and Lawrence Stroll as chairman. The team had about 800 employees by 2023, when private equity firm Arctos Partners acquired a minority stake at a valuation of about £1 billion. Aston Martin had first entered Formula One in 1959 and 1960 with its own DBR4 and DBR5 cars.

Matchroom Sport is a British sports promotion and media company headquartered in Brentwood, Essex, that owns, produces and promotes sporting events worldwide. Founded in 1982 by Barry Hearn, it runs businesses across 12 sports, including Matchroom Boxing, the Professional Darts Corporation, the World Snooker Tour, pool, golf and other events, and it represents athletes such as boxers Anthony Joshua and Katie Taylor. The group produces more than 600 event days and about 2,500 hours of original programming a year, with a library of some 20,000 hours, and supplies content to virtually every major sports broadcaster. It earns revenue from media rights sold to broadcasters and streaming platforms, sponsorship, ticketing and event hosting fees, and athlete representation. The Hearn family controls the business, with Barry Hearn as president and his son Eddie Hearn as chairman. In May 2026 Bruin Capital acquired a 15% stake that valued Matchroom at more than GBP 1 billion, joining the board to support growth, particularly in the United States.

ONE Championship is a Singapore-based combat sports promotion and media company operated by Group ONE Holdings. It was founded on 14 July 2011 as ONE Fighting Championship by Chatri Sityodtong, who remains chairman and chief executive, and Victor Cui, and held its first event in September 2011; it took its current name in January 2015. Originally a mixed martial arts promotion, it now stages MMA, muay thai, kickboxing and submission grappling bouts, has held more than 200 events across Asia, and runs the flagship numbered series, ONE Fight Night cards aimed at North America, and the weekly ONE Friday Fights series at Bangkok's Lumpinee Stadium, launched in 2023. The company earns money from media rights, sponsorship, ticketing and digital content; its broadcast partners include Amazon Prime Video, which holds US and Canadian rights from 2022 to 2027, beIN Sports and the Seven Network. In October 2018, when its fights were broadcast in 136 countries, it raised a $166 million Series D led by Sequoia Capital with Temasek and Greenoaks Capital at an implied $1 billion valuation; it raised $150 million more in 2021 at a reported $1.35 billion valuation, and in 2022 it moved the parent company's legal domicile from Singapore to the Cayman Islands.

Seattle Mariners is an American professional baseball team based in Seattle that competes in Major League Baseball's American League West division. The club joined the American League as an expansion team in 1977, created after Seattle, King County and Washington State sued the league over the Seattle Pilots' 1970 move to Milwaukee, and played at the Kingdome before moving in July 1999 to T-Mobile Park in the SoDo neighbourhood. Nintendo of America bought the team after the 1992 season, with Nintendo chief Hiroshi Yamauchi holding a 49% share; in August 2016 Nintendo sold control to First Avenue Entertainment, a partnership led by John W. Stanton, while keeping 10%, in a deal that valued the franchise, including regional sports network Root Sports Northwest, at $1.4 billion. The team earns revenue from ticket sales, media rights, sponsorship and merchandise. On the field it won AL West titles in 1995, 1997, 2001 and 2025 and set the American League record of 116 wins in 2001, with players including Ken Griffey Jr., Edgar Martínez, Randy Johnson and Ichiro Suzuki, but it is the only active MLB franchise never to reach the World Series. Jerry Dipoto runs baseball operations and Kevin Martinez business operations.

Alisports (阿里体育, now renamed Orange Lion Sports) is the sports arm of Alibaba Group, founded in Shanghai's Yangpu district in September 2015 by Alibaba with Sina and Yunfeng Capital. It was led from its founding by chief executive Zhang Dazhong, a former vice president of Shanghai Media Group. It was set up to apply Alibaba's e-commerce, media, cloud computing, big data and payments capabilities to China's sports industry. Early businesses included event rights and operations, ticketing, sports e-commerce and broadcasting. In 2016 it launched the World Electronic Sports Games (WESG) esports tournament with the International e-Sports Federation, and the first edition drew about 63,000 participants from 125 countries. It won exclusive operating and marketing rights to the Hangzhou Marathon for 2018 to 2021 and has run China's university basketball league (CUBAL). In April 2017 it raised a Series A of about RMB 1.2 billion (roughly US$190 million) led by Yunfeng Capital. In 2022 it renamed itself Orange Lion Sports (橙狮体育) and now focuses on running and upgrading public sports venues under the 乐动力 (Le Dong Li) brand. These include centres in Beijing, Tianjin, Shanghai, Hangzhou, Suzhou, Chongqing, Chengdu and Shenzhen.

OneFootball is a German football media and technology company headquartered in Berlin, operating as OneFootball GmbH. It was founded in Bochum in 2008 by Lucas von Cranach, who in 2009 launched the iLiga app that was later renamed and merged under the OneFootball brand. Its free app and website combine live scores, statistics, news and video from more than 200 leagues in multiple languages, produced by a Berlin newsroom, and the company also streams matches directly through the app, starting in 2019 with La Liga in the UK via Eleven Sports and 2. Bundesliga and DFB-Pokal games in Germany via Sky. OneFootball makes money mainly from advertising and brand partnerships, together with OTT streaming, publishing and services for clubs, leagues, federations and players; it says more than 200 million fans use the platform each month. In 2020 it acquired the video platform Dugout, bringing its founding clubs, including Arsenal, Barcelona, Bayern Munich, Liverpool, Manchester City, PSG and Real Madrid, in as shareholders. In April 2022 it raised €300 million in a Series D led by Liberty City Ventures with Animoca Brands and Dapper Labs to expand into Web3, then cut its workforce to about 240 after the crypto downturn; Patrick Fischer became chief executive in 2023.

KingMakers is a Nigerian online sports betting and digital entertainment company based in Lagos that operates the BetKing brand and was formerly known by that name. It offers sports betting and online games to African customers through its website and apps and through an agent network, which lets individuals earn income by serving customers in their communities. The company earns revenue from betting margins on the wagers it takes; revenue rose from $131 million in 2022 to $198 million in 2023, while losses grew from $19 million to $28 million as it invested to scale and faced losses on moving cash out of Nigeria. South African pay-TV group MultiChoice bought a 20% stake in September 2020 for R1.9 billion (about $112 million) and raised it to 49% in 2021 for a further $281.5 million, aiming to use its sports broadcasting to grow the betting business; according to KingMakers, 77% of DStv subscribers bet or make match predictions. In 2023 MultiChoice wrote down the investment by R2 billion, citing naira devaluation and expansion costs. KingMakers dropped planned expansions into Kenya and Ethiopia and hired Ronnie Whelan as chief operating officer. Its corporate parent is AGV Holdings Limited.

Teamworks is an American sports software company headquartered in Durham, North Carolina, that sells an enterprise platform it calls the Operating System for Sports. Its applications cover communication and scheduling, recruiting and player personnel evaluation, compliance, nutrition, strength and conditioning, athlete wellness, game strategy and video, combining SaaS workflows with proprietary data and AI analytics; acquisitions have added INFLCR, ARMS Software, Smartabase, Zelus Analytics, Telemetry Sports, Sportlogiq and the enterprise business of Pro Football Focus. The company says it serves more than 7,000 elite sports organisations worldwide, including every NFL, NHL and Premier League team, 90% of MLB clubs, 87% of NBA teams, 99% of NCAA Division I athletic departments and more than 65 Olympic federations in 24 countries, and it earns revenue mainly from software subscriptions. Teamworks was founded in 2004 by chief executive Zach Maurides. In June 2025 it raised a $235 million Series F led by Dragoneer Investment Group at a pre-money valuation above $1 billion. In April 2026 Hg led a further growth investment, joined by AllianceBernstein, that more than doubled Hg's total investment to $200 million and lifted Teamworks' valuation above $1.5 billion.

Vidio is an Indonesian over-the-top video streaming service based in Jakarta, operated by PT Vidio Dot Com and owned by broadcaster Surya Citra Media, part of the Emtek media group. It offers free-to-air and paid live television, films and series, Vidio Original productions and, since 2025, short-form Vidio Mini Drama, alongside extensive live sport: it is the exclusive digital broadcaster of the English Premier League in Indonesia from 2022-23 to 2027-28 and has streamed the 2022 FIFA World Cup, FIFA youth World Cups and Formula One. Revenue comes from Vidio Premier subscription packages, advertising on its free tier, and content distribution. The platform launched on 15 October 2014 as an Indonesian counterpart to YouTube built on user-generated and Emtek TV content, grew to about 40 million active users by 2020, and in 2022 was recognised as Indonesia's largest video-on-demand provider, ahead of Netflix, Disney+ Hotstar and Amazon Prime Video. Originally owned by Kreatif Media Online, it was taken over by Surya Citra Media, with Emtek having invested IDR 240 billion by March 2019. In 2022 Vidio raised US$45 million from strategic investors led by Sinar Mas group's Dian Swastatika Sentosa through PT DSST Mas Gemilang, with Grab and Bali United's investment arm also participating.

Miami Marlins is an American professional baseball team based in Miami that competes in Major League Baseball's National League East Division. Blockbuster Entertainment chief executive Wayne Huizenga was awarded the expansion franchise in June 1991 for a $95 million fee, and the team began play in 1993 as the Florida Marlins at Joe Robbie Stadium, which it shared with the NFL's Miami Dolphins. In 2012 it moved into LoanDepot Park, then called Marlins Park, and changed its name to the Miami Marlins under its stadium agreement with Miami-Dade County, the park's owner. The Marlins won the World Series in 1997 and 2003, both as a wild card, but have made only four postseason appearances and have never won a division title. In October 2017 an investment group led by Bruce Sherman and Derek Jeter completed the $1.2 billion purchase of the club from Jeffrey Loria, with Sherman, who held about 46%, as control person and Jeter running baseball and business operations. Jeter stepped down as chief executive in February 2022, and in 2020 the club hired Kim Ng as the first woman general manager in the major North American leagues. In January 2026 the Marlins terminated their local television contract with FanDuel Sports Network's parent after a missed rights payment.

Juventus Football Club SpA operates as a professional football club in Italy. It generates revenue from the sale of tickets, sponsorship activities, sale of advertising space, licensing of television and media rights. The company's main segment is participation in national and international competitions and the organization of matches. The greater part of the Company’s business activity is carried out in Italy.

Ollamani SAB is a holding company that operates through its subsidiaries in various businesses, including the Football Business, which is the Company that owns Club America, a professional soccer team with championships in Mexico and considered one of the popular teams. Estadio Azteca is the company that owns and operates the Estadio Azteca. Games and Sweepstakes Business under the PlayCity brand, the company operates eighteen casinos in Mexico with food and beverage service, as well as a website in the one that offers sports betting and casino betting. The Company's operations are classified into three segments: Football Segment, Gaming Segment, and Publishers and Distributors Segment.

Cannae Holdings is an American holding company and principal investor headquartered in Las Vegas, Nevada, and listed on the New York Stock Exchange under the ticker CNNE. William P. Foley II is its vice chairman and Ryan Caswell its chief executive. It takes minority and majority stakes in restaurants, technology-enabled services, financial services and, increasingly, sports and entertainment. Its main holdings include about 42% of Black Knight Football Club, which owns AFC Bournemouth, FC Lorient and a majority of Moreirense, and a 50% stake in the activist hedge fund manager JANA Partners. It also owns a restaurant group made up of 88.5% of Ninety Nine Restaurant & Pub and 65.4% of O'Charley's, along with interests in the flavourings maker Watkins (acquired in 2024) and Alight. In 2025 it sold its Dun & Bradstreet stake to Clearlake Capital for total proceeds of US$630 million and bought back US$323 million of its own stock. Its board has since said it will concentrate the portfolio on sports and entertainment, and in June 2026 its Black Knight Rugby subsidiary acquired English rugby club Exeter Chiefs. It earns returns from equity-accounted investments and consolidated operating revenue, and has about 6,600 employees.

Atlanta Braves Holdings Inc is a holding company. It operates through its wholly-owned subsidiary, which is the owner and operator of the Atlanta Braves Major League Baseball Club and the mixed-use real estate development, The Battery Atlanta, and is the operator of the Atlanta Braves Major League Baseball Club’s stadium, Truist Park. The company predominantly derives revenue related to the Braves baseball franchise and Truist Park from ticket sales, concessions, local broadcasting rights, advertising sponsorships, suites and premium seat fees, retail and licensing revenue, shared MLB revenue streams, including national broadcasting rights and licensing, and other sources. The company's reportable segments include: Baseball which generates key revenue, and Mixed-Use Development.