Hi all - lots happening at Road To Carry! We recently wrapped up the pilot of our AI for PE series, which received great feedback from attendees. We'll be taking a short break before bringing the series back for its next round.
In the meantime, if you'd like to stay updated on upcoming RTC events, including dinners, conferences, and future AI sessions, subscribe to our Luma calendar!
Before we dive into this week’s topic,
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State of Play
Three weeks ago we wrote about Black Bear Sports Group, which bought 47 ice rinks and then bought the clubs, leagues and tournaments that play on them. A vertical roll-up of youth hockey.
What if we told you there's one in horse sports?
Before you laugh, here's a number. Last December, team ropers split $20 million prize at a single event in Las Vegas, the Ariat World Series of Team Roping Finale.
The company behind that event is Equine Network. In January, CVC's Global Sport Group (which holds stakes in LaLiga, Ligue 1, the WTA, and Six Nations Rugby) agreed to buy the company at a reported valuation of ~$300 million.
Hockey's vertical roll-up was built on real estate. Equine Network was built on a magazine rack.
Let's dive in.
