financetom
Business
financetom
/
Business
/
Lionel Messi launches investment firm targeting sports and tech
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Lionel Messi launches investment firm targeting sports and tech
Oct 19, 2022 1:02 PM

Soccer superstar Lionel Messi is creating a holding company to invest in sports, media and technology globally.

Share Market Live

NSE

Based in San Francisco, Play Time Sports-Tech HoldCo LLC will be Messi’s main investment vehicle, according to a statement. The company will explore “stage agnostic” opportunities that could include, for example, helping startup founders build football-tech companies or investing in teams.

“I am excited to extend our roots into Silicon Valley, and I am thrilled that Play Time will collaborate with daring entrepreneurs from all over the world,” Messi said in a statement.

Also read: Lionel Messi confirms Qatar World Cup will 'surely' be his last

Play Time will be run by Razmig Hovaghimian, partner at venture capital firm Graph Ventures. Michael Marquez, founding partner of investment bank Code Advisors LLC, will be a special adviser.

Hovaghimian is also a co-founder of football venture Matchday.com, which counts Play Time as its first investor and plans to launch before the 2022 FIFA World Cup begins in November. The holding company also holds a stake in football-tech startup AC Momento.

“From the time I met Leo and the Messi family in 2017, it was clear that their vision for the future is bold,” Hovaghimian said in a statement. “They want to continue to have a direct and lasting impact on and off the pitch.”

The statement did not include the amount to be invested.

Also read: Uber looks to boost digital ad revenue with new advertising division

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US Senate passes bill to force TikTok divestment or ban
US Senate passes bill to force TikTok divestment or ban
Apr 23, 2024
WASHINGTON, April 23 (Reuters) - The U.S. Senate voted late Tuesday to send legislation to President Joe Biden that would require Chinese owner ByteDance to divest the popular short video app's U.S. assets within about nine months or face a ban. The measure, passed by the U.S. House of Representatives on Saturday, has been driven by concerns that China could...
PRESS DIGEST- Financial Times - April 24
PRESS DIGEST- Financial Times - April 24
Apr 23, 2024
April 24 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - Ithaca Energy agrees 750 million stg deal for most of Eni's UK oil and gasfields - Pendragon owner to cut hundreds of jobs in used car overhaul - Two UK water...
Asahi Kasai to build EV battery component plant in Canada to supply Honda, Nikkei reports
Asahi Kasai to build EV battery component plant in Canada to supply Honda, Nikkei reports
Apr 23, 2024
TOKYO (Reuters) - Asahi Kasei ( AHKSF ) plans to spend about 200 billion yen ($1.3 billion) to build a battery component factory in Canada, the Nikkei newspaper said on Wednesday. The plant is being built primarily to supply Honda Motor's ( HMC ) electric vehicle production in Canada, the newspaper said. ($1 = 154.8000 yen) ...
Tesla offers zero down payments on Model 3, Model Y in China
Tesla offers zero down payments on Model 3, Model Y in China
Apr 23, 2024
BEIJING, April 24 (Reuters) - Tesla Inc ( TSLA ) has offered zero down payments on its Model 3 and Model Y vehicles in China, a notice on its social media account showed. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved