E114: Money Talks #4 - WTF’s a SPAC?

Special Purpose Acquisition Companies, or SPACs was a term I didn’t know a couple of months ago, and now I see them everywhere, particularly in relation to sport.So, this podcast goes in to what they are, why they’re very popular and what are the implications of this new investment vehicle for the sports business.To do this, I’ve asked Michael Broughton for help. Michael was co-founder of Sports Investment Partners, Europe’s first Investment Vehicle focused specifically on the sports industry. He has been a senior advisor to FIFA on business technology, innovation and investment strategy and is now an advisor to Acceleration Equity, focused on the acquisition of and investment into sports teams and franchises.Note this conversation took place just before the news broke of a possible IPO of the Fenway Sports Group via RedBall Acquisition Corps, the SPAC created by Gerry Cardinale and Billy Beane.

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