Wasps become second Premiership Rugby club to enter administration in matter of weeks

Rugby club Wasps have been forced to cancel this weekend’s game against Exeter Chiefs and are looking likely to enter administration in the coming days.

Wasps follow Worcester Warriors into administration, both clubs will be automatically relegated.

A statement from Wasps Holdings today said: “Since filing a notice of intention to appoint administrators on 21st September, we have been working tirelessly to secure the long-term future for Wasps Holdings Limited, and all of the organisations and clubs that sit within the Group.

“Negotiations to secure deals that will allow the men’s and women’s rugby teams, netball team and the arena and associated business to move forward are ongoing. However, it has become clear that there is likely to be insufficient time to find a solvent solution for the companies within the group, and it is therefore likely that they will enter into administration in the coming days with a view to concluding deals shortly thereafter.

“While the companies within the Group all represent strong and viable businesses, the reality is that they have insufficient cash at this time to continue to fund operations until these complex negotiations have concluded. 

“We have therefore been asking potential funders and investors to provide bridging finance to provide enough time for a solvent solution to be found. Regrettably, this has not been possible to date, although we will continue to pursue this until the very last opportunity.

“In light of the current situation, we have therefore taken the decision to withdraw the Wasps Men’s team from this Saturday’s league fixture against Exeter Chiefs. This was an extremely difficult decision to make and we recognise that this will not only impact on our players, staff and supporters, but also Exeter Chiefs and the wider rugby community. However, we strongly believe it is the right course of action when, at this time, we are unable to meet our regulatory requirements in the absence of fully concluded deal negotiations.

“We understand that this news will be disappointing and concerning for everyone involved. Our immediate focus will be on ensuring that all of our players and the staff of Wasps and the arena are fully updated and given the support they need.

“While these are challenging times, we remain confident that new owners will be found that will allow the clubs and businesses within the Group to move forward.”

Member Insights: Why inclusion in sports marketing starts behind the camera

In this month’s Digital Café – David Granger, Content Director at Cinch, looks at how diversity and inclusion needs to include production crews – and the results can be pretty powerful.

At Red Bull Media House, we had a (female) global head of social media. Each year she would guard against a highlights reel of female athletes to mark International Women’s Day.

The arguments were 1) we should showcase women’s achievements all year round 2) to demonstrate progress we need to have more women behind the camera as well as in front.

And that should, arguably, apply for all inclusion tactics. In 2022, Statista stated 75 per cent of all NBA players in the US are African American, while career site Zippia says the mix of digital media producers
in the US is 71 per cent white and African American 7 per cent.

Does it matter? Shouldn’t any digital producer worth her salt be able to tell stories, create and capture content without being influenced by their own background?

Possibly, but one company is seeing better results when creating digital sports content when there is relevance, reference and rapport between crew and athlete.

Fifteen years ago, MILE 44 started as a sports PR agency for brands and athletes. In 2017 it evolved into a content studio as sports marketing demanded more photography and video.

The company believes content should tell great stories and have purpose. MILE 44 founder, Melinda Travis said: “The goal is to create things that make people want to get up and go fucking do something after they watch it. We want to ignite whatever fire people have inside through what we create for our partners.

“We put the integrity of the sport and the athlete at the centre of everything. The athlete has to love what we create and have a good experience or we’ve failed.”

This strategy is supported by the choice of content creators. Travis observed that self-taught creatives, as opposed to traditional graduates, are less constrained.

She said: “I gravitated towards younger, entrepreneurial creators who put everything into their work and pushed boundaries. People who would be overlooked by other agencies because they were too young, didn’t have enough experience or formal training. We doubled down, not only because we were building a talented team, but an incredible community of people who did things their way. And that comes through in what we make.”

These creators are as likely to be discovered on Instagram as LinkedIn as MILE 44 is looking for people who are ”…crazy talented, have a solid work ethic and push themselves beyond what they’ve done before.” When it comes to hiring “mad creativity beats technical expertise every time. Technical stuff can be learned. Artistry can’t.”

What MILE 44 does make is energetic, edgy content around sport and athlete activations in, amongst others, power-lifting, football (the soccer variety), baseball, basketball and ice hockey.

There’s a determined, dark tonality and energy to productions which stems in part from company philosophy and in part to the producers themselves.

Because, important to the company is its strategy for inclusion in production teams. There is a strong ethos that connection between subject and producer makes for stronger content.

Travis: “Culturally relevant content comes from people who live, breathe and are culture. If the people in that room all look the same and think the same, it’s not possible.”

“We don’t insert culture on its own, we extract the culture from the individuals and build around what is authentic to them in terms of fashion, music, art, community and all the other things that they’d say defines them.”

There is also a realisation that the good intent for diversity and inclusion is not always feasible. As Travis states: “It’s hard for bigger brands and agencies who have diversity challenges to change overnight, but by partnering with us, they are at least able to do it on a project-by-project basis.”

The company, based in Los Angeles, is now expanding its footprint into Europe and, as the future of digital media in sport evolves, it will adapt to meet new expectations and requirements.

The expectations are that content will either be much, much shorter to reach the TikTok/Instagram audiences, or longer format documentaries which appeal to the Netflix/streaming audience.

And the name? Where does MILE 44 come from? “When we started, my team and I had a seven-hour drive from Los Angeles to Arizona and figured that time would force us to come up with something.

It wasn’t going well. My team was throwing out ideas. I liked none of them. As I was ranting about being so uninspired because I saw nothing but desert, we passed milepost 44. There was something about it that sign and ‘MILE 44’ that connected.

In the end, we named the company in a car, in the middle of nowhere while I was pissed at myself for not feeling productive. Very fitting!

“When we started digging into the numerology meaning of 44 which, in business, is about building for the future and feeling a responsibility to guide other people’s success. There couldn’t be anything that represents us better.”

ICC launch digital collectibles ahead of Men’s T20 World Cup 2022

Cricket fans around the world will be able to collect Crictos from the biggest moments of the ICC Men’s T20 World Cup 2022, as the ICC launches a world first for the sport.

Crictos will be created by FanCraze from every game during the Men’s T20 World Cup and made available to fans in-tournament for the first time. Fans will be able to collect these exciting moments from specially curated “Crictos of the Game” Packs, available daily on Crictos.com.

Crictos are Officially Licensed Digital Collectible clips from ICC events that fans can purchase to build a collection of the marquee moments in cricket history.

Additionally, to celebrate the World Cup and reward cricket’s amazing fanbase, every match ticketholder will be gifted a Crictos Pack, introducing new fans to the next generation of fandom! Cricket lovers can use their Crictos to collect their favourite moments, to trade with their friends, and to play games to win rewards and real-world goodies.

ICC Head of Digital, Finn Bradshaw said: “We are delighted to be launching a world first for cricket in collaboration with FanCraze ahead of the ICC Men’s T20 World Cup through the ICC’s Official Digital Collectibles Programme. Some of the biggest moments from every match at Australia 2022 will be made available to all fans to purchase as Crictos.

“We’re also excited that every ticketholder will receive their own Crictos Pack as we step forward into a new era of cricket memorabilia. I remember keeping my ticket from the 1992 World Cup as a keepsake. It’s wonderful to be able to use new technology to create permanent mementos from this World Cup.”

FanCraze CEO, Anshum Bhambri noted: “We are incredibly proud to bring the ‘see now-buy now’ experience to the cricket digital collectibles world. Fans will now be able to buy their favorite moments from any ICC Men’s T20 World Cup game on match-day. We are also excited to introduce the ‘I was there’ ownership experience to cricket fans by gifting every ticketholder a Crictos Pack containing a digital collectible from a World Cup game that they watched live. 

“We have special pack drops, games, rewards, and amazing real-world goodies lined up for cricket fans over the course of the biggest tournament of the year. It’s exciting to be able to see how new-age fans are interacting with the sport in novel and innovative ways.”

MLB announce Sage as official partner

Sage, the global leader in accounting, financial, HR and payroll technology for small and mid-sized businesses is teaming up with Major League Baseball (MLB) in a multi-year sponsorship deal – the global tech company’s first North American sports partnership. As part of the agreement:

  • Sage will sponsor pitching decisions and manager interviews, providing fans insights into their decisions during games. 
  • Sage will support MLB’s Diverse Business Partners (DBP) Program, supporting minority-owned businesses across America.
  • Sage Members and Partners across the US will also have access to MLB tickets and experiences.

Sage and Major League Baseball today formally launched the new three-year partnership at the tech company’s Transform conference in Orlando, Florida. The event brings together more than 3000 customers, partners and industry experts.

Sage will integrate with MLB broadcasts by sponsoring in-game ‘Pitching Decisions’ features on select televised and streamed games. This new sponsored broadcast feature will bring fresh insights and in-depth analysis around pitching to fans of all 30 Clubs during the regular season, Postseason and All-Star Week. 

The Sage brand will appear across various media platforms covering games league-wide, including on Apple TV+, MLB Network and MLB.com, beginning with the 2023 regular season and including the introduction of “Pitcher Power Rankings Presented by Sage.”

The ‘Pitcher Power Rankings Presented by Sage’ will appear across MLB digital, social, and linear channels, enabling fans to track pitcher performance across the season with rankings that feature real-time leaderboard updates.

Sage will also support MLB’s Diverse Business Partners (DBP) Program, helping to find new opportunities and support business growth for minority-owned businesses across America. Major League Baseball continues to be an industry leader of economic inclusivity within professional sports through the DBP program. The program has cultivated new and existing partnerships with underrepresented businesses, including Black-owned, Latino/a-owned, Asian-owned, women-owned, veteran-owned, LGBTQ-owned and other underrepresented small businesses, to serve and supply MLB entities and MLB Clubs. Since the formation of this program in 1998, MLB and its Clubs have spent nearly $2 billion with minority-owned businesses.

Noah Garden, MLB Chief Revenue Officer, said: “On behalf of Major League Baseball, I’m proud to welcome Sage to the Baseball Family. Sage is an industry-leader that shares our passions for data, innovation and technology. These are key pillars for both our organizations and we look forward to helping Sage grow its brand awareness in North America through a most creative integrated marketing campaign on our leading network of media platforms.”

Cath Keeps, Chief Marketing Officer of Sage, said: “Everyday at Sage, we’re working hard to surface insights for our customers through brilliant products and services, delivered with a human touch. Just like business, MLB is all about tight competitive margins and we are excited to partner on pitching decisions and manager interview content that bring insights to fans, and to create unforgettable experiences for Sage customers and partners.”

Aziz Benmalek, President North America at Sage added, “At the heart of our company we are about knocking down barriers for small to medium-sized businesses. In the United States, we are already passionate supporters of several programs providing support and guidance to business owners and entrepreneurs from minority backgrounds. We are proud to partner with an organization that is just as passionate about driving change through insights.”

Winners of 2022 Billie Jean King Cup to be presented with “Billie Blue” Jackets

For the very first time, each member of the winning team will also be awarded with special “Billie Blue” jackets designed by Tory Burch, as part of a new partnership announced with the fashion label in June this year.

Similar to the famous green jacket awarded to the men’s winner of the Masters golf tournament, it will be the most-coveted jacket in women’s sports, created to inspire women and girls everywhere. The jacket is expected to be revealed in early November ahead of the Finals. 

The 12 nations competing in the 2022 Billie Jean King Cup by Gainbridge Finals have announced their teams for the event, which takes place at the Emirates Arena in Glasgow, Great Britain on 8-13 November. 

Among the players who will represent their nations next month are Grand Slam champions Emma Raducanu (GBR), Barbora Krejcikova (CZE), Bianca Andreescu (CAN) and Elena Rybakina (KAZ). Other stars set to appear at the Finals include Paula Badosa (ESP), Olympic champion Belinda Bencic (SUI), Leylah Fernandez (CAN), Coco Gauff (USA), Jessica Pegula (USA), and Karolina Pliskova (CZE).

The teams will compete in four groups of three nations over the first four days of the Finals, before the four group winners contest the semi-finals on Saturday 12 November. The 2022 Billie Jean King Cup final will then take place on Sunday 13 November, where the winners will be crowned champions of the women’s World Cup of Tennis. 

Tickets for the Finals are on sale now and can be purchased via the LTA website

Changing The Game: “If you’re not culturally aware, you’re walking out the door with a blindfold on”

Owen Laverty is the Chief Innovation Officer of Ear to the Ground, a global creative agency that helps brands be culturally aware. Our Content Manager, Alex Brinton sat down with Owen to talk about the 22/23 issue of their Fan Index ahead of its launch.

For those who don’t know what is it you do at Ear to the Ground?

Great first question.  I get asked this a lot.

We are a global creative agency specialising in sports, esports, and gaming. We articulate what we do as ‘building culturally powerful brands.’ Our output is pretty channel agnostic as a creative agency. We deliver marketing campaigns that live in everything from out of home and TV, more traditional spaces through to the myriad of candidate digital landscapes.

We are helping our clients build culturally powerful brands. The core challenge in doing that is the fact that culture is changing at a phenomenal speed, faster than ever before. The things that are relevant today could be gone in weeks. We’ve got a generation that has grown up picking pop stars, telling their favourite creators what content to make and using on-demand to choose whatever TV they want. Now, they’re constantly inputting on culture to affect the content and creativity we see today. 

To stay up to the minute, we’ve built something that we call Fan Intelligence, which is built on real-time listening and collaboration with 11,500 cultural tastemakers and culturally influential fans worldwide. The purpose of that is to close that gap. It brings the knowledge and passion of sports and esports fans into the brand decision-making that has been happening in isolation of them for far too long. Whether that’s feeding in from an insight perspective, bringing absolute gems on what’s happening on the ground in different markets in culture, or whether that’s collaborating and kind of road testing as we come up with strategy and creative to make sure they’re absolutely on point with what will connect with fans.

Why is it important for brands to be culturally aware?

I don’t think you can build a brand in this day and age without at least being culturally aware.

There’s a definition that to be culturally relevant is to be connected to the ideas, customs and behaviours important to fans at any point in time. If you’re not culturally aware, you’re walking out the door with a blindfold and your fingers in your ears, trying to sell sh*t.

The last few years have highlighted it more than ever; significant cultural events have greatly impacted how people identify with teams or organisations, with countries, with other people, and how they connect and consume content. So we think cultural relevance is more important than ever. It is having a massive impact on brands because these things are constantly changing.

Brands are trying to make global strategic decisions based on a landscape that is changing all the time, and that’s tough. So they need to have a model of working that keeps them tuned into what’s happening. And to stop them from feeling like disconnected suits in a boardroom.

If you asked any CMO in the world, do you want to be relevant? They want to be relevant. In some categories, it might not be as important to be culturally connected or at the forefront. But being at the forefront of what’s happening keeps you from losing. So we are seeing brands try to take this advantage of having a more significant impact on people’s lives by finding new ways to connect and become more relevant. 

Is there a case that certain brands are so strong they don’t need to worry so much about being culturally aware?

There is definitely an argument for that in the short term – 100 per cent. But can a brand stay big over a long period of time if it is not culturally aware and culturally relevant over a sustained period? These big brands like Coca-Cola or PlayStation it’s because they are culturally relevant and culturally aware that they are at the forefront. If you take away that element of what they do, can they sustain that volume of sales? Can they maintain that position in people’s lives? With one year of being out of touch, I would certainly argue that they can, but two, three, four or five years would be absolutely terminal for the brand. 

Being culturally aware and relevant within the context of your category is a way to win. And it’s a way to gain an edge over your competitors. 

Without giving away too many secrets, how do you select people to be part of your network?

Originally it was purely an insight tool. Now, as I’ve said, it factors into our insight, strategy, creative team, comms planning, and activations, it feeds in everywhere, but it originally came from the insight team. 

The insight and research team were building this network of external tastemakers and influential fans who had intelligence in specific areas. That team are brilliant at asking the right questions and uncovering gems of insight. But we also needed a great team to build a network of the right people and to ensure that network is happy and incentivised.

Now we have that in our internal Fan Intelligence Team, who we recruited from CRM & community management backgrounds. Their specific job is to constantly scout for new people to join the network and get them collaborating on the right projects at the right time. 

Their fundamental role is about finding, selecting and keeping that network active. They do social scraping and searching, but they also speak to people and ask for recommendations from other members to see who else might join.

We then review people’s input and score their engagement for the quality and impact of intelligence they give us from a work perspective.

How do you make sure your network is fresh and full of the right people, it must take some managing?

Once they’re in the network, we constantly review their input and engagement to ensure they give us and our clientsthe intelligence they need. So the network is an amorphous group, with people moving in and out over time.

What’s important to acknowledge is how our network of 11,500 comes to life for any client. For each brief, we build a subset that we call a collective. With New Balance football, for example, we’ve got the future football collective, a subset of the network in specific markets around the world. 

We select people by filtering the network based on the required client screener – be that location, demographics, sector expertise, their role in culture, etc. And then we look at some things like what their input has been like in the past.

So it’s this that keeps it fresh. On the one hand, it’s the team constantly reviewing the wider 11,500; on the other, it’s our clients accessing subsets, or collectives, based on their specific requirements to briefs.

Talk to us about some of the things you have been proudest of on your journey as a business?

Firstly would be just what we have been building. For the last two or three years, the business has grown in some of the most challenging circumstances, particularly in the landscape that we all work in, in sports and esports. The pandemic completely changed working environments and resulted in widespread societal change. 

The growth through that is fundamentally because we’ve been able to find and bring in the right people and implementa culture that gets the best out of them.

What have been some of the struggles you have faced as a business?

The balance between building our current clients and adding new ones has been an interesting challenge. We intentionally went from 26 clients in 2018 to six. We focused on the ones that we saw as long-term relationships. And the business has pretty much quadrupled in size since then.

Our clients have specific teams obsessed with that area of culture. That’s where we built the business, with our clients at the centre, by being experts who create amazing work. As a result, each client helps us be the best agency for them. 

But matching a strategy that focuses on your current clients, alongside talking to the industry and finding new ones to bring in, is a challenge most agencies face. We want to find the right clients, and we are all working on finding the right clients who can fill that roster, and that can grow. 

Looking forward, I know you can’t share too much but what exciting things are in the pipeline?

The next phase of development for the Fan Intelligence Network is exciting. Historically, we’ve built bespoke collectives for clients, so the entry point to the business is building a retained collective as our clients have. However, now we have pre-built collectives in different areas of culture that make it a lot easier for clients to come in and just dip in and try Fan Intelligence on a one-off basis. Those specific collectives include football, NFL, NBA, Metaverse, Web3, Olympics and many more.

It just makes us a lot more set up for new clients that come on board to trial Fan Intelligence with an initial pilot project or dip in the water and then see where it goes from there. 

Famously Michael Jordan once said, “Republicans buy sneakers too.” When he refused to put his weight behind a democrat in the mayoral race in his home state. This is an example of a brand/person not wanting to get involved in politics. How do you think the relationship between brands and politics has changed over time?

After the phenomenal societal change over the past few years, alongside the ridiculous amount of hugely significant global events that have changed how people identify themselves and who and what they identify with, I think it’s completely changed. 

The role brands play in people’s lives is more prominent than ever; people express their personal identity through their choice of brands. 

Ear to the Ground will be unveiling the 22/23 Fan Index at the iSportConnect Brands Masterclass on October 19, sign up here: https://share.hsforms.com/1pMHXEN6UT1-s62O4iA0bCQ31xsb?_hsmi=227076374&_hsenc=p2ANqtz-9P2xgrbPIrmS1tYRs3d4ZVDnz1EYd7Hc7oWkKaH4ZnKGTjkTwlAXwRllPF9ZU4WckF0EswBmO9kSg8SNMi3JM8QvV0vw

DAZN to remain home of MotoGP for another five years

A new five-year agreement confirms DAZN as the home of the sport in Spain as audience figures continue to show incredible growth.

DAZN, the leading global sports streaming platform, and Dorna Sports, the organiser and commercial rights holder of the FIM MotoGP™ World Championship, have agreed a new five-year deal for the exclusive broadcasting rights to MotoGP™ in Spain. DAZN has been the home of the sport in the country since the platform launched in March 2019 and will continue to broadcast all practice, qualifying and races of the MotoGP™, Moto2™ and Moto3™ categories from 2023 to 2027 inclusive.

Thanks to its long-term commitment and strategy focused on bringing the competition closer to an ever-greater number of fans, DAZN has achieved incredible growth in its audience, with the number of unique users who follow the sport having increased by 62.1% from March 2019 to date. This increase has been reflected across the three Grand Prix categories, with an increase of 71.4% for MotoGP™, 49.9% for Moto2™ and 57.6% for Moto3™.

Bosco Aranguren, General Manager, DAZN Spain: “MotoGP™ is one of the most followed and established series among sports fans in Spain, and for DAZN it is a matter of great satisfaction to extend our agreement with Dorna Sports for five more seasons. The remarkable growth of DAZN’s audiences for the Championship shows that we’re on the right track, and we will continue to work with all our partners to offer the best coverage and entertainment to fans.”

Manel Arroyo, Chief Commercial Officer, DORNA Sports: “Dorna is delighted to announce this renewal for five more seasons with DAZN, with whom we began our mission to bring the sport to Spanish fans via an OTT service in search of new audiences, the success of which is reflected in the results. We will continue to work with DAZN to expand our fanbase further, who can already enjoy MotoGP™ in an easy, simple and affordable way.”

Since DAZN gained the exclusive rights to broadcast MotoGP™ in Spain, the platform has maintained a firm commitment to offer a wide variety of content focused on motorcycle racing, including documentaries, interviews, reports and special programmes – increasing the content available to fans and thereby the time fans spend on the platform in pursuit of their passion. Thanks to this new five-year agreement to continue broadcasting MotoGP™, DAZN further cements its place as the destination of reference for motorcycling fans, with the most complete offering of engaging entertainment thanks to its wide variety of live events and on-demand content.

Over the coming seasons, DAZN will continue to provide incredible live and on-demand coverage of MotoGP™, as well as formats and special programming like ‘Carpool’, ‘Motorhome’ or ‘La Caja de DAZN’, all of which have proven an incredible success among fans.

The analysis and commentary from the incredible DAZN team of experts will likewise continue to prove a key part of coverage. Headed by Ernest Riveras and counting on the expertise of Jorge Lorenzo, Àlex Crivillé, Carlos Checa, Izaskun Ruiz, Natacha Alfageme and more, the voices of the sport on DAZN will continue to bring fans in-depth coverage and behind the scenes details on the riders, the machinery, the tracks and life in the paddock. 

British Cycling and Shell announce official partnership

British Cycling has signed a long-term partnership that will bring wide-ranging support and investment from Shell UK as a new Official Partner. The agreement starts this month and runs to the end of 2030. 

This new partnership will see a shared commitment to; supporting Great Britain’s cyclists and para-cyclists through the sharing of world-class innovation and expertise; accelerating British Cycling’s path to net zero; and helping more – and wider groups of – people to ride, including ways to make cycling more accessible for disabled people.  

The partnership fits with British Cycling’s wider ambition to work with a broader range of commercial partners to support the delivery of the organisation’s strategy, ‘Lead Our Sport, Inspire Our Communities’.

Brian Facer, CEO of British Cycling, said: “We’re looking forward to working alongside Shell UK over the rest of this decade to widen access to the sport, support our elite riders and help our organisation and sport take important steps towards net zero – things we know our members are incredibly passionate about.

“Within our new commercial programme, this partnership with Shell UK brings powerful support for cycling, will help us to improve and will make more people consider cycling and cyclists.” 

David Bunch, Shell UK Country Chair, said: “We’re very proud to become an Official Partner to British Cycling. The partnership reflects the shared ambitions of Shell UK and British Cycling to get to net zero in the UK as well as encouraging low and zero-carbon forms of transport such as cycling and electric vehicles.  

“Working together we can deliver real change for people right across the country, from different walks of life, and also apply Shell’s world-leading lubricant technology to support the Great Britain Cycling Team in their quest for gold at the 2024 Paris Olympic and Paralympic Games.”  

Darren Henry, British Cycling Commercial Director, said: “At British Cycling we have a strong track record of working with our partners to enhance our work, have a real impact in communities and elevate the role that cycling plays in the thinking and actions of UK businesses.  

“The partnership also shows our fresh commercial approach at British Cycling, as we look to work alongside a broader range and number of partners to help us to deliver our strategy and support the long-term growth of cycling and the sport across Britain.”

The agreement includes specific investment from Shell UK to support a new programme – to be named Limitless – which aims to break down the barriers disabled people face when accessing cycling. 

The ambition is to embed disability and para sport into the heart of communities and develop a clear pathway from local to elite performance, with the funding helping to create inclusive and accessible environments for disabled riders across British Cycling’s 2,000 registered clubs. The programme will be launched, and further details on how to access the funding made available, by the end of the year.

Shell, which has set five ambitions for 2030 to bolster energy security and help the UK towards net zero, will also support British Cycling through steps such as helping to support British Cycling’s transition to an electric-vehicle fleet. Shell already runs the UK’s largest public-charging network with access to more than 10,000 charging points.

SimWin Sports announces strategic partnership with Tekkorp Capital

SimWin Sports, the world’s first virtual sports league that provides daily fantasy players and esports fans with the ability to watch, predict, collect, play, and earn, today announced a strategic partnership with Tekkorp Capital to advance its fantasy and sports betting strategy ahead of the company’s debut season.  

SimWin will launch with a league of 32 football teams before spanning out to basketball, soccer, and other sports, and looks set to stand out in the crowded daily fantasy sports market by melding together a mix of fantasy football, esports and NFT-style player ownership set in the metaverse. Its innovative premise is so exciting it has a Who’s Who of famous-names knocking at its door to own teams. Magic Johnson, Marshall Faulk, Jerry Rice – and even Nick Carter from the Backstreet Boys – are among the celebrities to invest and own teams in this all-new digital universe in which teams and athletes compete 24/7-365 to fuel on-demand fantasy sports contests.

Season-long and daily fantasy, as well as an innovative in-play sports wagering solution are a critical pillar of SimWin’s commercial offering. Tekkorp Capital, one of the preeminent advisory companies in the real-money gambling world, is set to bolster SimWin’s growth by bringing a storied team of advisors, all of whom have held C-suite positions at major gaming operators, to join forces with SimWin’s stellar founders, like CEO David J. Ortiz, who led EA SPORTS’ genre-busting Madden NFL franchise; and Tom Goedde, former DraftKings CMO. 

Led by Mat Davey, former CEO of Scientific Games Digital Division, and Robin Chhabra, Founder and former CEO of FOX Bet (now part of FanDuel), Tekkorp Capital will contribute a wealth of product, marketing and business development experience as well as corporate strategy in the digital gaming industry. The Tekkorp team includes Tarvi Randver, who previously led Tech and Product for PokerStars Sportsbook, and Andy Clerkson, who established digital marketing divisions in the explosive US market for both William Hill (now Caesars) and FOX Bet.

“We built SimWin to fuel 24/7-365 fantasy sports and sports betting opportunities. Fantasy sports and Real Money-Gaming are the largest entertainment sector on earth, and they accomplish this with each sport being available only about 40% of the time. SimWin’s virtual sports leagues fill those gaps and present the opportunity to play and be part of the action all day, every day,” commented SimWin Founder and CEO, David J. Ortiz. “This partnership with Tekkorp focuses some of the most experienced and sharpest minds in the Real-Money Gaming industry on our commercial planning and operational structure to ensure we have the correct framework for success. The executives at Tekkorp have been operators at some of the most transformative companies in the gaming space and we are elated to have them on our roster.” 

“We were at first intrigued, and then amazed by the vision and scale of what David and the SimWin team are building. We’re tremendously excited to get involved,” commented Tekkorp President, Robin Chhabra. “The Tekkorp team has operated at C-Suite level of some of the largest sports wagering and gaming companies in the United States and across the globe; we know how to build and grow wagering products and companies. We have invested in Web3 businesses as of late and see this as a great opportunity to support SimWin in gaining momentum and key market share.” 

Tottenham Hotspur move closer to stadium naming rights deal with Google

The Tottenham Hotspur Stadium, could well find itself with a new name soon as it appears Google are closing in on a deal to take naming rights for the stadium, according to reports in The Athletic this morning.

The state-of-the-art stadium has been used to host NFL games for the past two weekends as part of its dual use.

Construction of the stadium finished in 2019 and Tottenham chairman Daniel Levy has been reluctant to give a naming rights deal away to the wrong brand.

Levy said: “We are only going to do a naming rights deal if we get the right brand, in the right sector, on the right money. If we can’t meet those three criteria, we won’t do it,” he explained. “At the moment, we haven’t found a company that meets all three criteria. We are not really close to anything on that at the moment.”

Todd Kline, was appointed CFO in March 2021, he has a wealth of experience in the industry having spearheaded the Miami Dolphins’ £180million 18-year stadium naming rights deal with Hard Rock in 2016, which was the third highest deal in NFL history at the time