PitchBook News - Getting burned in European soccer

Plus: Tiger Global pumps the brakes; dealmaking holds strong in France, Benelux; Singapore leads VC funding per capita & more
Read online | Don't want to receive these emails? Manage your subscription.
PitchBook
Log in
The Weekend Pitch
June 5, 2022
Presented by Masterworks
(Caroline Suttie/PitchBook News)
Déjà vu all over again.

That's how some observers of ownership changes in European soccer might describe the recent turn of events at Burnley Football Club. The English soccer team, acquired in a debt-financed deal in 2020 by US investor Alan Pace, suddenly faces a world of new financial challenges after a poor season resulted in demotion to a lower league.

The relegation, which drops Burnley into the far less lucrative second tier of English soccer, throws Pace's team-rebuilding plans into doubt and raises questions about the wisdom of debt financing in deals for mid- to lower-ranked European teams, which each season face the risk of dropping into a lower league.

Welcome back to The Weekend Pitch. I'm Chris Noble, and you can reach me at chris.noble@pitchbook.com. This week, we're looking at the trials, and potential tribulations, that are unique to investing in European soccer.

What Pace and his club are going through may simply be the latest example of an old saying that the best way to make a small fortune in soccer is to start with a large one. And by no means is Pace the first investor, foreign or domestic, to suffer from the vicissitudes of European soccer's league tables.

However, Burnley's experience is a stark illustration of how the threat of relegation can wreak havoc for team owners.
read more
 
Share: Email LinkedIn Twitter Facebook
 
A message from Masterworks  
How wealthy investors have escaped market volatility in 2022
Consistency in life and in investing is a critical element to building wealth. But in 2022, you've gotten the exact opposite. But while most have lost sleep over stock plunges, wealthy investors are resting peacefully at night.

What are they doing that you're not? They're drastically increasing their investments into private market firms like Masterworks. This alternative investing platform has transformed multimillion-dollar paintings into securities.

Thanks to Masterworks, investors with essentially no art background have gotten 30%+ net annualized returns three times since 2019. It's like you have a team of Warren Buffetts picking your stocks, except they're paintings.

Plus, art's longer-term investment horizon offers investors refuge from the volatile stock and crypto markets. What are you waiting for?

PitchBook subscribers get priority access with this link*

*See important Regulation A disclosures
Share: Email LinkedIn Twitter Facebook
 
Did you follow the private markets this week? Take our quiz to test your knowledge and catch up on what you missed.
take the quiz
 
Share: Email LinkedIn Twitter Facebook

Quote/Unquote

(Justin Sullivan/Getty Images)
"Everyone at Tesla is required to spend a minimum of 40 hours in the office per week. Moreover, the office must be where your actual colleagues are located, not some remote pseudo office. If you don't show up, we will assume you have resigned."

—Elon Musk in an email to Tesla employees about remote work, as reported by Bloomberg.

Deal flow

(hachiware/Getty Images)
Tiger Global has eased off of leading outsized rounds in recent months, according to PitchBook data. Since March, the average monthly value of deals led by the firm is less than half what it was in 2021.

The cooldown follows reports that the firm's public fund lost $17 billion in the first quarter following the market's tech sell-off.

Did you know ...

(fiftymm99/Getty Images)
... That Singapore has attracted more venture capital investment per capita in 2022 than all other countries receiving over $1 billion? PitchBook data shows that Israel is in second place, raising $506 in VC dollars per person. See the other countries on our list.

Datapoints

(TomasSereda/Getty Images)
Startups hailing from France, Belgium, Luxembourg and the Netherlands collected €6.3 billion (about $6.8 billion) in the first three months of the year.

This follows a record-breaking 2021, which saw investors pour €18.8 million into the region. Late-stage startups accounted for nearly three-quarters of total deal value.

Read more in our 2022 France & Benelux Private Capital Breakdown.

Recommended reads

Inside venture capital's new normal of disappearing term sheets and down rounds. [The Information]

JP Morgan is on a mission to address the challenges veterans face in VC. [Institutional Investor]

Roblox is one of the biggest metaverse success stories. So why hasn't it turned a profit? [Fortune]

The regenerative farm working to improve soil without fertilizers. [The Guardian]

The first privately funded killer asteroid spotter is here. [Wired]

Why Sheryl Sandberg quit Facebook's Meta. [The Wall Street Journal]
This edition of The Weekend Pitch was written by Chris Noble and Priyamvada Mathur. It was edited by Alexander Davis, John Moore and Sam Steele.

Were you forwarded The Weekend Pitch? Sign up at pitchbook.com/subscribe.
 
Since yesterday, the PitchBook Platform added:
1
VC valuations
148
People
44
Companies
See what our data software can do
 
About PitchBook | Terms of use | Advertise with us | Contact
Follow us: in twtr fb

This email was sent to you via the PitchBook Platform.

Do you want to change your email address, get a different edition or unsubscribe? Manage your subscription here.

© 2022 PitchBook. Win what's next. All rights reserved.

Older messages

IPOs stall and valuations fall

Saturday, June 4, 2022

PE and VC adapt to a new macro environment; How first-time VC funds fare during a crisis; VC funding slows for AI & ML startups; Lots of new webinars! Read online | Don't want to receive these

First-time funds in a crisis

Saturday, June 4, 2022

SaaS valuations slide for late-stage deals; test your private markets knowledge; UP.Partners elevates Ally Warson to partner; Yummy lands $47M Read online | Don't want to receive these emails?

Assessing the climate for VC valuations

Thursday, June 2, 2022

Energy sector shines in May; tracking the world's unicorns; the latest data on VC dealmaking; Binance Labs locks down $500M for Web3 Read online | Don't want to receive these emails? Manage

Nontraditional VCs react to market headwinds

Wednesday, June 1, 2022

Most AI startups regress from 2021's boom; Tiger Global pumps the brakes on VC deals; Hannah Grey wraps up debut fund; Ultima Genomics grabs $600M Read online | Don't want to receive these

How PE will navigate the macro labyrinth

Tuesday, May 31, 2022

Dealmaking holds strong in France, Benelux; VCs' appetite for plant-based protein shrinks; StarkWare valued at $8B; Joywell nabs $25M Read online | Don't want to receive these emails? Manage

You Might Also Like

Wealthy people don't cover their windows

Thursday, March 28, 2024

Plus the real cost of self funded searches, the math behind renting vs buying & more. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

🤯 [$50 an hour] Remote Flutter Jobs, Zapier Freelancer, Junior Dev Jobs and more!

Thursday, March 28, 2024

March 28, 2024 | Read Online 🤯 [$50 an hour] Remote Flutter Jobs, Zapier Freelancer, Junior Dev Jobs and more! fb tw in email Welcome to another CrackedDevs Daily, this time with some hot new jobs! 🚀 1

Discovery Phase for Coinbase SEC Lawsuit

Thursday, March 28, 2024

Plus UK's FCA Targets Memecoin Influencers ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

🧠 Indie Hacker Earning 30K Per Month

Thursday, March 28, 2024

How this founder is solving a niche problem in a fast growing and highly-profitable industry ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

You’re wasting your time on SEO

Thursday, March 28, 2024

94.29% of the web pages indexed in Google generated no organic visitors in the last 30 days. If your traffic curve has flatlined, it's not because SEO isn't working... it's because you'

The YouTube Growth Strategy Mr. Beast, Cocomelon, & Like Nastya Use to Dominate the Internet

Thursday, March 28, 2024

Discover how three YouTubers use inclusive marketing to achieve growth and dominate the internet. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Tell me a story: Work shame

Thursday, March 28, 2024

Acts of professional unkindness ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

How to launch a legendary email newsletter 🐐

Thursday, March 28, 2024

3 years of research and secrets… for free. Trends logo How to launch a legendary email newsletter 🐐 Don't lie — you've read some of our nimble newsletters and said to yourself, “I could make

The Investments Where I’m Going to Lose All My Money

Thursday, March 28, 2024

I've made some pretty good investments but also some that weren't To view this email as a web page, click here saastr daily newsletter The Investments Where I'm Going to Lose All My Money

LP Q&A: Adding value in VC

Thursday, March 28, 2024

Dealmaking slips for healthcare IT; 10 biopharma unicorns likely to go IPO; Celestial AI bags $175M for photonics computing Read online | Don't want to receive these emails? Manage your