
Analysis of Apollo's proposed €1 billion loan to Bundesliga
Deep dive into whether this loan makes sense for Apollo and Bundesliga.
Writing about investing and building in sports.
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Deep dive into whether this loan makes sense for Apollo and Bundesliga.

Why $20bn valuation assigned to FIFA Forward Enterprise is scandalous.

Buying the cheap, very long-dated, out-of-money, put and call options on your business.

Looking at a specific athlete development pathway - the nepo pathway.

Premise that the most important talent sits in the fund (PE execs), and not in the portfolio company (management) may not work in sports.

Analyzing real life examples of using PIK debt in football.

A primer on PIK Debt, the hidden leverage behind club takeovers.

Why some investments are more important than others.

A picturesque corner of England is the place to rollup an epic sport infrastructure platform.

I did some deep dive into the numbers, which changed my view of the topic.