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Inner Circle Sports LLC

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Inner Circle Sports LLC
Inner Circle logo.jpg
Type
Private
ISIN🆔
IndustryFinancial services
Founded 📆2002
Founders 👔Rob Tilliss and Steve Horowitz
Headquarters 🏙️441 Lexington Avenue, New York, NY, United States
Area served 🗺️
Products 📟 Investment banking
Members
Number of employees
10
🌐 Websitewww.innercirclesports.com
📇 Address
📞 telephone

Inner Circle Sports is a privately held boutique investment bank headquartered in New York City specializing in corporate finance and capital raising for a global client base focused on teams, stadiums and companies operating in the sports space. ICS has completed over $10 billion in high-profile transactions across multiple leagues and industries in the U.S. and Europe.

History[edit]

Former JP Morgan Chase sports financier Rob Tilliss founded Inner Circle Sports in 2002. Some of the firm’s earliest work included representing the Wyc Grousbeck-led group in its acquisition of the Boston Celtics, and Bruce Ratner’s acquisition of the Nets. In 2006, ICS formally hit the market in its present form when Steve Horowitz, the longtime ProServ executive, joined the firm.[1]

Present[edit]

Inner Circle Sports, headquartered in New York City, is an investment bank focused on the global sports industry. ICS specializes in providing corporate finance and capital raising services including buy-side and sell-side advisory, acquisition and facility financing as well as valuation, consulting, and restructuring services to a global client base.

Unlike many large finance firms that use sports mergers and acquisition advisory as a value-added service for existing clients or as an extension of a lending business, smaller outfits like ICS must combine an intricate knowledge of sports leagues while forging new relationships.[2]

Teams & Leagues[edit]

ICS provides advisory services to team owners in a wide range of transactions, including equity and debt financings, acquisitions/divestitures, and valuation appraisals. ICS has executed transactions in every major U.S. sports leagues (NFL, NBA, MLB, NHL, MLS), as well as several leagues internationally, including EPL, La Liga, and Ligue 1. Past clients have included the Atlanta Hawks, New York Islanders, Milwaukee Bucks, Florida Panthers, Philadelphia 76ers, Liverpool F.C., and Inter Milan.

Media & Technology[edit]

ICS advises and execute on transactions for the founders and management teams of sports and media operating companies. ICS focuses on businesses that directly interface with fans, teams, leagues, corporate sponsors and/or media operators. ICS' clients are generally post-revenue and have demonstrated significant revenue growth and defensible competitive positioning. Past clients have included Teamworks, Baseball America, STATS LLC, and Bloomberg Sports.

Facilities[edit]

ICS performs debt and equity capital raising for sports facilities. In addition ICS will advise local governments on stadium negotiations and financings. Past clients have included City of Seattle and City of Las Vegas.

Notable Transactions[edit]

2018 - served as financial advisor to Teamworks on the funding round led by General Catalyst[3]

2017 – served as financial advisor to the National Lacrosse League on the sale of an expansion franchise Comcast Spectacor in Philadelphia[4]

2017 – served as financial advisor to the National Lacrosse League on the sale of an expansion franchise to J Tsai Sports in San Diego[5]

2017 – served as financial advisor to Michael Eisner in his acquisition of Portsmouth Football Club[6]

2017 – served as financial advisor to the Alliance Baseball on the acquisition of Baseball America

2017 – Financial Advisor to the city of Seattle on KeyArena redevelopment[7]

2016/2017 – Las Vegas Stadium advisor

2016 – served as financial advisor to NY Hockey Holdings LLC on the acquisition of the New York Islanders

2016 -- served as financial advisor to Josh Harris/David Blitzer on the acquisition of Crystal Palace

2016 -- served as financial advisor to TeamWorks on the funding round led by Seaport Capital[8]

2015 -- served as financial advisor to MGG Investment Group on the sale of the Atlanta Hawks[9]

2015 -- served as financial advisor to Wes Edens and Marc Lasry on the acquisition of the Milwaukee Bucks[10]

References[edit]

External links[edit]


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