Connect with us


Eric Grubman, John Collins is part of New Sports, Entertainment SPAC



Grubman, former executive vice president of the NFL and on-site president, will be president and chief financial officer of the new PSPC


Grubman, former executive vice president of the NFL and on-site president, will be president and chief financial officer of the new PSPC


Grubman, former executive vice president of the NFL and on-site president, will be president and chief financial officer of the new PSPC


According to an SEC filing, the former executives of On Location Experiences and PJT Partners are launching a blank check acquisition company focused on technology and services in sports and entertainment. Sports Entertainment Acquisition Co. will seek to raise $ 350 million. The company’s prospectus says it will target sports startups with high growth potential, in verticals such as media, ticketing, payments, travel entertainment and games. The three individual founders are former NFL executive vice president and on-site president Eric Grubman; former NHL COO and On Location CEO John Collins; and Chris Shumway, the billionaire founder of Shumway Capital. PJT Partners is also a sponsor of the new company. “These businesses often emerge in the ecosystems of owners of content and other intellectual property, and require different applications of capital and specific management experiences to grow,” the paper reads. “The application of third-party capital and expertise has the potential to enable growth outside the initial focus area.” The company named ESPN, Ticketmaster / StubHub, Fanatics, and On Location as examples.

POWER STRUCTURE: Collins will be CEO, while Grubman will be president and chief financial officer. Shumway will “actively support” their efforts as a co-founder. The founders also appointed two independent directors: Natara Holloway, VP / Business Operations and Strategy for Football Operations of the NFL; and Timothy Goodell, executive vice president and general counsel of Hess Corporation and brother of NFL commissioner Roger Goodell. The new company is part of a growing trend of Special Purpose Acquisition Companies (SPACs), which are heading into the market to raise capital with the intention of acquiring other companies. The filing follows another sports-specific SPAC, RedBall Acquisition, founded earlier this year by Gerry Cardinale’s RedBird Capital. Earlier this year, Rockets owner Tilman Fertitta and DraftKings also used the method to go public. The company declined to comment. Grubman and Collins left OLE after its sale to Endeavor closed in January. PJT Partners and Goldman Sachs are the underwriters.

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

picture credit


to request, modification Contact us at Here or [email protected]

Please disable the ad-blocker on this page to see the content