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SPORTRADAR GROUP AG

(SRAD)
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Sportradar : Michael Jordan raises stake in sports gambling data company Sportradar

09/20/2021 | 05:01pm EDT
Former basketball great Michael Jordan delivers a speech as he attends a party celebrating the 30th anniversary of the Air Jordan shoe line in Paris

Sept 20 (Reuters) - Basketball great Michael Jordan will increase his investment in Sportradar Group AG and will serve as a special adviser to the company's board, the sports gambling data company said on Monday.

The company's shares rose 3.4% in extended trading.

Switzerland-based Sportradar went public last week via the initial public offer route after abandoning plans for a merger with a special purpose acquisition company earlier this year.

The company did not provide details regarding Jordan's increased stake but said his advisory duties will revolve around the U.S. market, product development and marketing activities.

Jordan, a six-time NBA champion with the Chicago Bulls in the 1990s, was an early investor in Sportradar. He also joined sports-betting firm DraftKings as a special adviser in September last year.

Sportradar provides software, data and content through subscription and revenue share arrangements to sports leagues, betting operators and media firms. Its customers include DraftKings, Twitter and ESPN.

(Reporting by Uday Sampath in Bengaluru; Editing by Krishna Chandra Eluri)


© Reuters 2021
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SPORTRADAR GROUP AG 2.23% 22.89 End-of-day quote.0.00%
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Financials
Sales 2021 553 M 644 M 644 M
Net income 2021 14,2 M 16,5 M 16,5 M
Net cash 2021 323 M 376 M 376 M
P/E ratio 2021 374x
Yield 2021 -
Capitalization 5 811 M 6 771 M 6 764 M
EV / Sales 2021 9,92x
EV / Sales 2022 8,04x
Nbr of Employees 2 366
Free-Float 0,80%
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Number of Analysts 11
Last Close Price 19,64 €
Average target price 25,46 €
Spread / Average Target 29,6%
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Managers and Directors
Carsten Marcus Koerl Chief Executive Officer & Director
Alexander Gersh Chief Financial Officer
Jeffery W. Yabuki Chairman
Ben Burdsall Chief Technology Officer
Deirdre M. Bigley Director
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