Latest news with #JasonWright
Hypebeast
09-06-2025
- Business
- Hypebeast
NFL Explores Foreign Team Ownership, Says Ex-Commanders President
Summary TheNational Football League (NFL)is reportedly on the cusp of opening its doors to foreign investment in team ownership, according to Jason Wright, the former president of theWashington Commanders. Speaking on a sports business panel last week at Gabelli Funds' annual Media & Sports Symposium in New York, Wrightstatedthat his 'experience in NFL circles suggests the league is close to opening itself up to foreign investment.' While sovereign wealth funds from regions like Saudi Arabia, Qatar, and the United Arab Emirates have already taken significant stakes in global sports like soccer, golf, and auto racing, major U.S. leagues have historically resisted such direct foreign ownership. However, with the NFL's continued business surge and its ambition for international expansion, Wright sees the diversification of its money pool as an 'inevitability.' Wright explained that the NFL, being a 'slower mover,' will likely 'test the waters' initially through large-scale 'partnership deals with companies and brands that we know foreign governments are behind and supporting.' He suggested that once these significant sponsorships, such as naming rights deals at the team level or marquee league partnerships, start emerging, it will signal a direct investment from foreign entities is on the horizon. These discussions, he revealed, 'have been happening in the background.' Wright, who served as the first Black president of an NFL franchise from 2020 to 2024, emphasized that smaller leagues might see sovereign investment more directly first due to greater need, but the NFL's move is a matter of when, not if. This shift could significantly impact the financial landscape of the league, potentially unlocking new capital for team operations and further international growth.
Time of India
09-06-2025
- Business
- Time of India
NFL may soon open doors to foreign investors as team owners, claims former Washington Commanders president Jason Wright
NFL (via Getty Images) In a tremendous potential change for U.S. sports, former Washington Commanders president Jason Wright has disclosed that the National Football League (NFL) is reportedly on the verge of opening its doors to foreign investment in team ownership for the first time. League insiders think the NFL is 'close to opening itself up to foreign investment'—something that would dramatically shift the financial landscape of the United States' most successful sports league. NFL turns to global capital as league contemplates next step of financial growth The NFL's team president from 2020 to 2024, Jason Wright, seemed convinced that the league's growing international ambitions would make foreign investment unavoidable. According to Jason Wright, the NFL will start by 'testing the waters' in the guise of indirect investments such as wholesale commercial deals and corporate sponsorships linked to groups backed by foreigners. This transformation would move the NFL closer to global sporting patterns, where Saudi Arabian, Qatari, and United Arab Emirates sovereign wealth funds have taken huge stakes in sports such as golf (LIV Golf), Formula 1, and European football clubs. The NFL has shunned these types of ownership structures previously, however, due to regulatory, cultural, and political reasons. Foreign Ownership Looms Over NFL: Will Big Leagues Follow Soccer's Lead? The league has already welcomed regular-season games in London, Germany, and Mexico City, with even more exciting plans for future growth. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Keep Your Home Efficient with This Plug-In elecTrick - Save upto 80% on Power Bill Learn More Undo Leaning on sovereign wealth and international capital has the potential to unlock enormous funding for worldwide operations, infrastructure projects, and team-specific innovation. Wright indicated that other minor U.S. sports leagues, like Major League Soccer (MLS) or the WNBA, might be more nimble in embracing foreign investment first. Nevertheless, the NFL's eventual involvement, he added, is a question of "when, not if." Also read: NFL may be defeated by the IPL in per-match value if the latter gets a 12 to 16-week window period NFL at a financial crossroads If the NFL does eventually open the door to international capital, it would be a breathtaking development for the league. While risks—regulatory, cultural, and political—are unavoidable, the potential injection of billions of capital can turn teams' operations and expansion on their heads overseas. Jason Wright's perspective is an initial glance at what will ultimately be a defining challenge of the league's next era.
Yahoo
28-05-2025
- General
- Yahoo
GBPD: Second driver faces charges in Velp Avenue head-on crash, identify two from Green Bay
GREEN BAY, Wis. (WFRV) – The Green Bay Police Department (GBPD) provided an update on the early April head-on crash on Velp Avenue, including information that a second driver was charged and the identities of both men. According to a release from GBPD, a second driver allegedly involved in the two-vehicle head-on crash that happened on April 1 on Velp Avenue now faces charges. Wisconsin man suffers serious, life-threatening injuries following crash, arrested for OWI Officers say that witnesses claimed that a black GMC Sierra 1500 pickup truck was racing a red Dodge Challenger before crashing into a van at the intersection of Wilson Avenue. On May 22, charges were filed against 35-year-old Timothy Mossberger of Green Bay, who was identified to be driving the GMC Sierra 1500. On April 3, the Brown County District Attorney's Office charged the driver of the Challenger, 22-year-old Jason Wright, also of Green Bay. Victims identified in fatal I-43 wrong-way crash; charges expected Three people were treated for serious injuries as a result of the crash. Charges include: Timothy Mossberger Second-Degree Recklessly Endangering Safety – Two Counts Jason Wright Second-Degree Reckless Injury – Two Counts Operating Motor Vehicle While Suspended – Cause Great Bodily Harm – Two Counts No additional information was provided. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
19-05-2025
- Business
- Yahoo
Finastra to sell Treasury and Capital Markets unit to Apax funds
Finastra, a global innovator in financial software, has agreed to sell its Treasury and Capital Markets (TCM) division to a firm backed by Apax Partners. The move will see TCM become an independent company, leveraging the private equity firm's extensive experience in scaling software businesses. TCM presently services over 340 financial institutions globally with a range of software solutions such as Kondor, Summit, and Opics. The platform supports front-to-back trade lifecycle management, risk and compliance, and capital market operations. TCM is a recognised technology partner for worldwide banks, boasting decades of experience and strong client integration. The divestment enables Finastra to restructure its operations and reinvest proceeds in its core software offerings spanning loans, payments, and banking. Furthermore, as a separate entity, TCM will benefit from targeted investments in product development, cloud capabilities, and customer experience. Apax intends to strengthen the firm through strategic and operational improvements. Chris Walters, CEO at Finastra stated: "This sale marks an important milestone for Finastra that will help further launch our next phase of growth with a focused suite of mission-critical financial services software. It will provide capital to accelerate our strategy and reinvest in our core business, while providing our award-winning TCM platform with the backing of an experienced, long-term technology investor to support its continued success moving forward." Jason Wright, Partner at Apax shared: "TCM is a robust, mission-critical platform with leading functionality and an impressive customer base. We see significant potential to invest in technology, talent, and customer relationships to accelerate innovation and growth as a standalone company, drawing on our 25 years of experience scaling global software companies." Gabriele Cipparrone, Partner at Apax, added: "We're excited to partner with the TCM team as the business begins a new chapter as an independent organisation. With the backing of the Apax Funds, we expect TCM to benefit from accelerated innovation and enhanced operations, delivering even greater value to its clients." The acquisition is scheduled to close in the first half of 2026, subject to usual closing conditions and regulatory approvals. Financial information has not been released. Evercore was Finastra and Vista Equity Partners' principal financial adviser, while Kirkland & Ellis was their legal adviser. Perella Weinberg Partners also served as Finastra's financial adviser. Meanwhile, Apax received financial advice from Deutsche Bank, while Simpson Thacher & Bartlett provided legal advice. "Finastra to sell Treasury and Capital Markets unit to Apax funds" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
19-05-2025
- Business
- Finextra
Finastra to sell Treasury and Capital Markets business to Apax Partners
Finastra is to sell its Treasury and Capital Markets (TCM) business unit to an affiliate of venture capital firm Apax Partners in a deal estimated at $2 billion, including debt. 1 With a client base of over 340 financial institutions, TCM provides risk management, regulatory compliance, and capital markets operations. Its suite of software products - most notably Kondor, Summit, and Opics - supports front-to-back trade lifecycle management, risk, compliance, and operations. Upon completion of the transaction, TCM will be rebranded and operated as a standalone business. Finastra says the sale will streamline its portfolio and generate capital for reinvestment into its core product suite. 'This sale marks an important milestone for Finastra that will help further launch our next phase of growth with a focused suite of mission-critical financial services software,' says Chris Walters, CEO at Finastra. 'It will provide capital to accelerate our strategy and reinvest in our core business, while providing our award-winning TCM platform with the backing of an experienced, long-term technology investor to support its continued success moving forward." Funds advised by Apax have a long history of investing across the application software industry. Notable investments include Paycor HCM, Zellis Group, ECi Software, OCS / Finwave, Azentio, EcoOnline and IBS Software. Jason Wright, partner at Apax, says of the Finastra carveout: 'We see significant potential to invest in technology, talent, and customer relationships to accelerate innovation and growth as a standalone company, drawing on our 25 years of experience scaling global software companies.' The transaction is expected to close in the first half of 2026.
