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.Unofficial Partner is the leading podcast for the business of sport. A mix of entertaining and thought provoking conversations with a who's who of the global industry. To join our community of listeners, sign up to the weekly UP Newsletter and follow us on Twitter and TikTok at @UnofficialPartnerWe publish two podcasts each week, on Tuesday and Friday. These are deep conversations with smart people from inside and outside sport. Our entire back catalogue of 500 sports business conversations are available free of charge here. Each pod is available by searching for ‘Unofficial Partner’ on Apple, Spotify and every podcast app. If you’re interested in collaborating with Unofficial Partner to create one-off podcasts or series and live events, you can reach us via the website.