{"id":208443,"date":"2022-04-07T02:00:27","date_gmt":"2022-04-07T09:00:27","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=208443"},"modified":"2022-04-07T10:47:21","modified_gmt":"2022-04-07T17:47:21","slug":"the-nfl-now-controls-7-7-percent-of-genius-sports-stock","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/the-nfl-now-controls-7-7-percent-of-genius-sports-stock\/","title":{"rendered":"NFL Now Among Biggest Genius Sports Investors"},"content":{"rendered":"

The NFL is now one the largest investors in Genius Sports (NYSE:GENI) after a batch of the league\u2019s equity warrants in the sports betting data provider recently vested.<\/p>\n

\"NFL
NFL Commissioner Roger Goodell, seen above. The league now controls 7.7 percent of Genius Sports equity via warrants. (Image: Getty Images)<\/figcaption><\/figure>\n

Last week, 4.25 million of the NFL\u2019s warrants on Genius stock vested, elevating the league\u2019s stake in the technology company to 7.7%. The NFL\u2019s investment in Genius dates back about a year after the company inked a four-year pact reportedly worth $1 billion<\/a> to become the football league\u2019s exclusive data provider.<\/p>\n

The warrants will be subject to vesting over the six-year Term, with the first 11,250,000 of such Warrants to be vested immediately upon issuance promptly following the closing of the pending Business Combination transaction and the balance of the Warrants vesting over the remaining Term or upon certain limited specified events and on customary terms,\u201d<\/strong> according to a filing with the Securities and Exchange Commission (SEC).<\/p><\/blockquote>\n

In total, the NFL was granted 22.5 million Genius warrants<\/a> as part of the data accord. Investors welcomed Wednesday\u2019s news, sending shares of Genius higher by 4% in after-hours trading, following a 9.37% gain on more than double the average daily volume during normal trading hours.<\/p>\n

Sweetheart Deal for the NFL<\/h2>\n

As is the case with a slew of other sports betting-related equities, Genius is slumping this year<\/a>. The stock is down 38.55%, and 76.49% over the past year.<\/p>\n

\n

Investors are concerned that Genius and rival Sportsradar (NASDAQ:SRAD) are giving up too much equity to procure deals with professional sports leagues. In addition to the NFL\u2019s deal with Genius, the NHL owns 1.8%<\/a> of Sportradar via a similar deal with that company. The NBA also owns 3% percent of Sportradar.<\/p>\n<\/div>\n

Although Genius shares are slumping, that\u2019s no big deal for the NFL, because its warrants cost just a penny apiece. The stock closed at $4.67 yesterday.<\/p>\n

NFL Surpassing Well-Known Investors on Genius Totem Pole<\/h2>\n

With a 7.7 % interest in Genius, the NFL now ranks ahead of well-known investors, including mutual giant Fred Alger Management and Cathie Wood\u2019s<\/a> ARK Investment Management, a Florida-based exchange-traded funds issuer.<\/p>\n

\n

Another two million of the NFL\u2019s warrants vest in a year. After that, the league can acquire another four million warrants when it comes time to renew the Genius agreement in 2026. Should the NFL eventually exercise all of its Genius warrants, it would become the largest holder of the stock outside of the company itself.<\/p>\n<\/div>\n

In addition to positions in Genius and Sportradar, the NFL holds stakes in Skillz Inc. (NYSE:SKLZ)<\/a>, Fanatics, and On Location Experiences \u2014 the latter two privately held.<\/p>\n","protected":false},"excerpt":{"rendered":"

The NFL is now one the largest investors in Genius Sports (NYSE:GENI) after a batch of the league\u2019s equity warrants in the sports betting data provider recently vested. Last week, 4.25 million of the NFL\u2019s warrants on Genius stock vested, elevating the league\u2019s stake in the technology company to 7.7%. The NFL\u2019s investment in Genius […]<\/p>\n","protected":false},"author":46,"featured_media":208444,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,16693],"tags":[],"acf":[],"yoast_head":"\nThe NFL Now Controls 7.7 Percent Of Genius Sports Stock<\/title>\n<meta name=\"description\" content=\"The NFL is climbing the ranks of Genius Sports investors and now control 7.7 percent of the company's equity.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/the-nfl-now-controls-7-7-percent-of-genius-sports-stock\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The NFL Now Controls 7.7 Percent Of Genius Sports Stock\" \/>\n<meta property=\"og:description\" content=\"The NFL is climbing the ranks of Genius Sports investors and now control 7.7 percent of the company's equity.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/the-nfl-now-controls-7-7-percent-of-genius-sports-stock\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-07T09:00:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-07T17:47:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/04\/RG-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1706\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/the-nfl-now-controls-7-7-percent-of-genius-sports-stock\/\",\"url\":\"https:\/\/www.casino.org\/news\/the-nfl-now-controls-7-7-percent-of-genius-sports-stock\/\",\"name\":\"The NFL Now Controls 7.7 Percent Of Genius Sports Stock\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/the-nfl-now-controls-7-7-percent-of-genius-sports-stock\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/the-nfl-now-controls-7-7-percent-of-genius-sports-stock\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/04\/RG-scaled.jpg\",\"datePublished\":\"2022-04-07T09:00:27+00:00\",\"dateModified\":\"2022-04-07T17:47:21+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"The NFL is climbing the ranks of Genius Sports investors and now control 7.7 percent of the company's equity.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/the-nfl-now-controls-7-7-percent-of-genius-sports-stock\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/the-nfl-now-controls-7-7-percent-of-genius-sports-stock\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/the-nfl-now-controls-7-7-percent-of-genius-sports-stock\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/04\/RG-scaled.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/04\/RG-scaled.jpg\",\"width\":2560,\"height\":1706,\"caption\":\"NFL Commissioner Roger Goodell. 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