Brendan Coffey

Boston

Sports Finance Reporter at Sportico

Sports Finance reporter for @Sportico Been @Forbes @DowJones @business Technical analyst (CFTe) @BostonCollege grad, NY raised

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Articles

Fanatics Opening Qatar Office in Move to Expand Middle East Profile

1 week ago | sports.yahoo.com | Eben Novy-Williams |Brendan Coffey

Fanatics is opening its first Middle East office in Doha, Qatar, as part of its aim to establish a presence in the region. The company hopes to partner with global sports brands seeking to grow their businesses and reach fans through the company’s offerings in fan gear, collectibles and live events. The new presence will be announced later Thursday.
Elevate Opens $500M College Sports Fund with Texas Endowment, Velocity

2 weeks ago | sportico.com | Brendan Coffey

Sports consulting firm Elevate has announced a $500 million investment fund offering colleges capital for revenue-generating projects such as venue upgrades, NIL platforms and multimedia rights development. Elevate’s half-billion-dollar College Investment Initiative is fully funded by Velocity Capital Management and the Texas Permanent School Fund. The fund, announced Monday, expands Elevate’s offerings to universities, serving as a new source of lending for athletic departments.
Agassi, Blitzer Join $20M VC Round for Racket Sports-Themed Club

2 weeks ago | sportico.com | Brendan Coffey

A new social club concept called Ballers, seeking to build off the popularity of sports such as pickleball and padel, has raised $20 million from a deep bench of professional athletes and sports-focused investors.
Excel Sports Seeking Capital, Retains Moelis; Shamrock Exit Possible

3 weeks ago | sportico.com | Scott Soshnick |Brendan Coffey

Excel Sports Management has retained Moelis & Company to explore raising additional growth capital for the talent representation and content business. Such a capital raise could include the sale of Shamrock Capital’s minority stake in the talent management and market agency. The potential sale, confirmed by three people close to the companies involved who asked not to be identified because the news isn’t public, comes after a years-long period of active acquisition by Excel.
The Sports Bra Bar, With $1M/Year in Revenue, Spawns Franchise Plan

3 weeks ago | sportico.com | Brendan Coffey

Three years after debuting as the first women’s sports-focused bar-restaurant, Oregon’s The Sports Bra is betting people will pay nearly $900,000 up front and 11% of ongoing revenue for a chance to replicate its $1-million-a-year business. As widely reported Tuesday, The Sports Bra has early plans to open franchises in Boston, Indianapolis, Las Vegas and St. Louis.
Sports Stocks Rebound as Tariff Fears Recede, TACO Trade Dominates

3 weeks ago | sportico.com | Brendan Coffey

Sports stocks posted their first positive month since January as fears eased about tariffs, which had dragged the Sportico Sports Stock Index 23% lower from its mid-February peak to its late April lows. The benchmark sports index posted a 7% gain in May to close the month at 1,380, pushing the index back into positive territory for 2025.
Yankees Early 2025 Ticket Sales Jump 14% to Top $226 Million

4 weeks ago | sportico.com | Brendan Coffey

New York loves a winner. Fresh off their 41st pennant winning year, ticket sales for the New York Yankees in the first quarter jumped 13.9% over 2024, reaching $226.69 million for the year through March 31, according to a bond market disclosure. In the same Jan. 1-March 31 period last year, the club logged $199 million in ticket and suite revenue.
Yankees Early 2025 Ticket Sales Jump 14% to Top $226 Million

4 weeks ago | sports.yahoo.com | Brendan Coffey

New York loves a winner. Fresh off their 41st pennant winning year, ticket sales for the New York Yankees in the first quarter jumped 13.9% over 2024, reaching $226.69 million for the year through March 31, according to a bond market disclosure. More from Sportico.comAdvertisementIn the same Jan. 1-March 31 period last year, the club logged $199 million in ticket and suite revenue.
Rare Honus Wagner Card Hits Auction as Early Bidding Reaches $3.2M

1 month ago | sportico.com | Brendan Coffey

A T206 Honus Wagner, one of the most coveted baseball cards for deep-pocketed collectors, hit the auction block Wednesday, with bidding reaching $3.17 million less than an hour after its 10 a.m. local time opening. Long the most valuable baseball card before being eclipsed by Mickey Mantle, the T206 Wagner is being offered by Goldin Auctions. The last T206 Wagner sold fetched $7.25 million in a private sale brokered by Goldin in 2022, making it one of the world’s most valuable sports collectibles.
Muse Capital Chief Talks ‘Low End’ SailGP Italy Price, Growth Plans

1 month ago | sportico.com | Brendan Coffey

The sale of SailGP’s Italy team for the “low end” price of $45 million is a testament to what the woman-led investment firm of Muse Capital can bring to the upstart league, according to firm founder Assia Grazioli-Venier. “I have a knack for spotting things early when people think I’m crazy. Everybody told me I was crazy with SailGP,” the executive said on a video call from Sagaponack, N.Y., in the Hamptons.