Sportradar's valuation jumps to $10 billion | Big 10 has a secret portal | Everyone had fun at the NBA All Star game
Description
Even with all the complaining some All-Stars did, the big NBA weekend was, buy most accounts, pretty successful. Most importantly, the stars had a really good time, and everyone could tell. Some of those at the weekend reminded us that there are different ways to get to the league, and we explore some of those paths the new stars will likely take to enter the professional ranks. Our take is that college will not be a natural stepping stone for everyone, and we're already seeing some interesting and some less so interesting options pop up.
Recent reporting by the Washington Post has found that the Big 10 schools used a secret portal to exchange ideas and communications before announcing their indecision to kick off the 2020 football season. Why even have a secret portal? Probably a little more oversight on these public institutions is necessary.
Another sports analytics firm gets hits a high note. Sportradar, which counts a number of professional leagues as clients and sports an enviable roster of investors, may be considering going public via a SPAC. Most importantly, it's valuation jumped from $2.4B to $10B, which will be a great exit for the investors and also a new watermark for analytics firms entering the world of sport.
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