Launching Rhode Island FC: A Journey of Vision, Resilience, and Community
Starting Rhode Island FC has been the most exciting and gratifying endeavor of my career. Having been involved with Phoenix Rising FC and Ipswich Town, I knew the road to building a new team would come with its share of hurdles. But I also believed that Rhode Island was an ideal place for professional soccer […]
The Growing Appeal of Sports as an Asset Class for Family Offices
More family offices are investing in sports, driven by the increasing democratization of professional sports and the myriad ways available to participate financially. Soccer, in particular, is gaining traction in the U.S., and the allure of being involved with a sports franchise offers a sense of tangibility that traditional investments often lack. For many family […]
Rectangular Sports and Stadiums: A Strategic Asset Class
Investment in sports infrastructure has been gaining traction as a strategic asset class, and the new Tidewater Stadium in Rhode Island is a prime example of this trend. With its rectangular design tailored to host soccer, rugby, and lacrosse, among other sports, Tidewater Stadium is a case demonstrating just how such facilities can become centers of […]
Secret Loan Guarantee Sparks Controversy in Bridging Fund Dispute: PwC Rejects $213 Million Claim
In a dramatic turn of events, the receivership proceeding of Bridging Finance Inc. (BFI), as overseen by its court-appointed receiver PricewaterhouseCoopers Inc. (PwC), now urges the court to reject Cerieco Canada Corp.’s claim to $213 million against the BFI’s flagship fund. This claim rests on a loan guarantee that was reportedly secret and improper, according […]
Women’s Sports: A Growing Asset Class with Unmatched Potential
The sports industry is increasing becoming a lucrative asset class, within the Sports as an Asset Class a new frontier is emerging that promises unprecedented opportunities for investors: women’s sports. This article explores the burgeoning investment potential in women’s sports, highlighting key factors such as the surge in attendance, the increasing value of media rights, and the rise of streaming platforms […]
Private Equity and Sports: How PE Firms Are Reshaping the Sports Industry
Private equity (PE) firms have increasingly focused on the sports industry, recognizing its lucrative opportunities. From acquiring stakes in professional teams to investing in sports technology and infrastructure, PE firms are playing a pivotal role in transforming the sports landscape. This article explores the transformative impact of private equity investments in sports. The Appeal of […]
Unraveling the Allegations of Fraud and Misappropriation of Funds at Bridging Finance Inc.
The Ontario Securities Commission (OSC) has leveled some serious allegations against Bridging Finance Inc., a Toronto-based investment management firm overseeing $2 billion in assets under management. The regulatory body asserts that the individuals behind Bridging Finance have committed fraud, misappropriated funds, made misleading or untrue statements, and obstructed investigators during the process. According to the […]
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