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CTFN: Interview with O’Melveny & Myers’ Sports, Capital Markets Partners on Latest Sports SPAC OfferingAugust 09, 2020
O’Melveny Sports Industry group co-chair Chuck Baker and Capital Markets partner Jeeho Lee discussed the recent uptick in sports SPAC offerings with CTFN.
“With some investors put in the economic position of having to sell or dilute their interest in teams, we will likely see increased availability of investment opportunities in teams and innovative new approaches to such investments,” Baker and Lee observed.
Baker and Lee cited greater certainty of price for companies and acquisition targets as among the advantages of going the SPAC route. As for whether a SPAC process can get a company to market faster than the traditional IPO process, they noted that “with the right advisers, companies can get to market equally quickly taking the SPAC or traditional IPO routes.”
CTFN subscribers can read the full interview here.