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Philadelphia Phillies capital raise values the team at around $3 billion
The Philadelphia Phillies recently raised close to $500 million in capital from three new investors in a transaction that values the Major League Baseball team and its 25% stake in regional sports network NBC Sports Philadelphia at about $3 billion, according to two people familiar with the deal. As part of the transaction, two existing owners, managing partner John Middleton and Stanley Middleman, also invested more money in the Phillies, bringing the total capital infusion to close to $600 million, according to the people. On November 1, Middleton announced that new investors, including Mitchell Morgan, Guntram ... (full story)
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- Posted: Nov 8, 2024 4:15pm
- Submitted by:Category: Entertainment NewsComments: 0 / Views: 12,696
