![]() “For now we are focused primarily on growth-stage companies,” Abrams said. CEO of Sportradar and has spent time at ESPN and UEFA. Abrams is an owner of the Premier League’s Crystal Palace and a former private equity partner of Philadelphia 76ers and New Jersey Devils owner Harris Blitzer Sports & Entertainment.Two sports executives are deepening their roots in the industry through the creation of an investment firm.ĭavid Abrams and Arne Rees have co-founded Velocity Capital Management, a firm planning to invest up to $50 million in early-stage companies in the sports, media, and entertainment sectors with enterprise values of up to $2 billion. ![]() Last year, the team purchased a 326-acre property in Arlington Heights, a suburb northwest of the city, for $197.2 million.Ĭhicago mayor Lori Lightfoot has sought to explore constructing a dome atop Soldier Field and growing its capacity to 70,000 from 61,500 in an attempt to keep the team and allow the city to host major events like the Super Bowl. While Soldier Field has been home to the Bears since 1971, it may soon lose them as tenants. The team has incorporated housing units into its site development plan. The city is leasing around 26 acres of land originally tagged for public housing to the Fire to build an $80 million practice facility.
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