\n
However, the list of high profile DraftKings stakeholders isn’t limited to Disney and Soros. At least two NFL owners \u2013 Robert Kraft of the New England Patriots and Jerry Jones of the Dallas Cowboys \u2013 own DraftKings equity, according to the SEC filing.<\/p>\n<\/div>\n
Kraft and his two sons own 3.53 million DraftKings shares. Legends Hospitality, a group controlled by the Cowboys and the New York Yankees, holds nearly 195,000 shares of the newly public company while Vince McMahon’s World Wrestling Entertainment (NYSE:WWE) owns about 263,550 DraftKings shares.<\/p>\n
A pair of NBA owners have their fingers in the DraftKings pie, too. Madison Square Garden Entertainment, which is run by the owners of the New York Knicks, controls 1.5 million shares of the DFS company, while Boston Celtics co-owner Stephen Pagliuca owns 566,000 shares. DraftKings was started in Boston, but is incorporated in Las Vegas.<\/p>\n
Shrewd Investments<\/h2>\n Obviously, with DraftKings up 40 percent since its IPO, the stock is printing paper gains for Soros and the other well-heeled investors mentioned here, but there could be more to come.<\/p>\n
Since the stock debuted, three analysts initiated coverage of it<\/a>, all with bullish ratings. The average price target among that trio is $24, which DraftKings closed above on Monday, May 11. Should the stock continue trending higher, analysts could be compelled to lift their price forecasts.<\/strong><\/p>\nDraftKings deliver its first earnings report as a public company on Friday, May 15.<\/p>\n","protected":false},"excerpt":{"rendered":"
Quantum Funds, a group of hedge funds controlled by Soros Fund Management, is one of just several high profile investors listed in a recent DraftKings (NASDAQ:DKNG) filing with the Securities and Exchange Commission (SEC). Soros Fund Management, which is the family office of billionaire financier and political activist George Soros, owns 2.83 million shares of […]<\/p>\n","protected":false},"author":46,"featured_media":135562,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,1074],"tags":[],"acf":[],"yoast_head":"\n
Soros, Two NFL Owners Among DraftKings Investors, According to Filing<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n