The fund will carry on the strategy through the newco SportsCo that Marc Allera heads
CVC Capital Partners is working on refinancing its above 9 billion GBPs worth sports portfolio companies through SportsCo, a vehicle that the fund created in June 2025 and that Marc Allera (Sky News), the former ceo of London-listed BT Group, Financial Times reported.
Sky News said that CVC appointed Goldman Sachs, PJT Partners and Raine Group as advisors for such a transaction.
The refinancing will involve the issuance of new debt against the portfolio which includes LaLiga (Spain’s football), Ligue 1 (France), Women’s Tennis Association (WTA), Premiership Rugby, International Volleyball Federation, and a minority of Rugby’s Six Nations.
The Telegraph said that a minority stake of SportsCo may attract the interest of the Gulf’s sovereign funds or buyout investors that may pour resources by the end of 2025.
MotoGP has been the first CVC investment in the sport sector dates back to the end of ‘90s while in 2016, the fund sold Formula 1 to Liberty Media for more than 8 billion US Dollars (see here a previous post by BeBeez).
CVC recently sold to Torrent Group for 579.3 million US Dollars a controlling stake in Indian Premier League’s franchise Gujarat Titans of which it kept a minority. The fund unsuccessfully tried to acquire tennis tournaments Madrid Open and Miami Open di IMG. Bloomberg said.
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