{"id":3624,"date":"2023-11-08T11:29:46","date_gmt":"2023-11-08T11:29:46","guid":{"rendered":"https:\/\/sbceurasia.com\/en\/?p=3624"},"modified":"2023-11-08T11:29:47","modified_gmt":"2023-11-08T11:29:47","slug":"better-collective-enters-into-a-e176-million-deal-to-buy-playmaker-capital","status":"publish","type":"post","link":"https:\/\/sbceurasia.com\/en\/2023\/11\/08\/better-collective-enters-into-a-e176-million-deal-to-buy-playmaker-capital\/","title":{"rendered":"Better Collective Enters Into A \u20ac176 Million Deal To Buy Playmaker Capital"},"content":{"rendered":"\n<p><strong>Better Collectiv<\/strong>e has successfully acquired <strong>Playmaker Capital<\/strong> for \u20ac176 million (\u00a3153 million\/$188 million), with the deal expected to be finalised in the first quarter of 2024.<\/p>\n\n\n\n<p>According to Better Collective, the agreement will strengthen the company&#8217;s position as a leading market player in South America and &#8220;confirm its leadership in North America.&#8221;<\/p>\n\n\n\n<p>To finance this transaction, it is planned to use 65% shares and 35% cash. After the successful completion of the transaction, the company will revise its financial plans for the period from 2023 to 2027.<\/p>\n\n\n\n<p>Toronto-based Playmaker Capital is listed on both the TSX Venture Exchange in Canada and the OTCQX in the United States. Its sports media brands include <em>Futbolsites.net, Yardbarker <\/em>and<em> The Nation Network, <\/em>all of which will be acquired by Better Collective.<\/p>\n\n\n\n<p>Better Collective sees mutual benefit from increased scale and increased investment in product, technology and marketing. In addition, the company expects to grow its sports fan base in America through the acquisition.&nbsp;<\/p>\n\n\n\n<p><strong>Jordan Gnat<\/strong>, co-founder and CEO of Playmaker Capital stated that the transaction took 12 months to complete successfully: \u201cOver the past 12 months, I have been talking a lot about a transformational deal for Playmaker and its shareholders that will take this company to the next level\u201d.&nbsp;<\/p>\n\n\n\n<p>\u201cToday\u2019s announcement does exactly that and I could not be more excited for the Playmaker family to join the Better Collective family\u201d.<\/p>\n\n\n\n<p>\u201cTheir success is undeniable and their vision to become the leading digital sports media group aligns with us exactly. The cultures of our companies are very similar and I see the integration and synergies to be incredibly accretive to shareholders.\u201d<\/p>\n\n\n\n<p><strong>Jesper S\u00f8gaard<\/strong>, Better Collective co-founder and CEO, noted that this agreement will be a key step in the company\u2019s development in the field of digital sports media: \u201cUpon closing of the acquisition, we will significantly grow our audience and reach a larger segment of generalist sports fans.\u201d&nbsp;<\/p>\n\n\n\n<p>\u201cFor years, Playmaker Capital has built incredibly strong sports media brands and excited sports fans across the Americas with high-quality sports content, cultivating a loyal and dedicated following\u201d.&nbsp;<\/p>\n\n\n\n<p>\u201cThe skilled team behind Playmaker Capital brings a unique set of media competencies that will boost our organization. I am excited to welcome the new team to the Better Collective\u201d.<\/p>\n\n\n\n<p>Don&#8217;t forget to subscribe to our <a href=\"https:\/\/bit.ly\/3BHW1zr\">Telegram channel<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Better Collective has successfully acquired Playmaker Capital for \u20ac176 million (\u00a3153 million\/$188 million), with the deal expected to be finalised in the first quarter of 2024. According to Better Collective, the agreement will strengthen the company&#8217;s position as a leading market player in South America and &#8220;confirm its leadership in North America.&#8221; To finance this [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":3625,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[21,1,83],"tags":[5673,2365,545,56,5672,823],"class_list":["post-3624","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-features","category-news","category-partnership","tag-bettercollective","tag-investments","tag-north-america","tag-partnership","tag-playmakercapital","tag-south-america"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Better Collective Enters Into A \u20ac176 Million Deal To Buy Playmaker Capital - SBC EURASIA EN<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sbceurasia.com\/en\/2023\/11\/08\/better-collective-enters-into-a-e176-million-deal-to-buy-playmaker-capital\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Better Collective Enters Into A \u20ac176 Million Deal To Buy Playmaker Capital - SBC EURASIA EN\" \/>\n<meta property=\"og:description\" content=\"Better Collective has successfully acquired Playmaker Capital for \u20ac176 million (\u00a3153 million\/$188 million), with the deal expected to be finalised in the first quarter of 2024. According to Better Collective, the agreement will strengthen the company&#8217;s position as a leading market player in South America and &#8220;confirm its leadership in North America.&#8221; To finance this [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sbceurasia.com\/en\/2023\/11\/08\/better-collective-enters-into-a-e176-million-deal-to-buy-playmaker-capital\/\" \/>\n<meta property=\"og:site_name\" content=\"SBC EURASIA EN\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-08T11:29:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-08T11:29:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/resourcesen.sbceurasia.com\/sbccisen\/sites\/2\/2023\/11\/Better-Collective-Enters-into-Deal-to-Buy-Playmaker-Capital-for-E176-Million.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Ana Kobakhidze\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ana Kobakhidze\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/sbceurasia.com\/en\/2023\/11\/08\/better-collective-enters-into-a-e176-million-deal-to-buy-playmaker-capital\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/sbceurasia.com\/en\/2023\/11\/08\/better-collective-enters-into-a-e176-million-deal-to-buy-playmaker-capital\/\"},\"author\":{\"name\":\"Ana Kobakhidze\",\"@id\":\"https:\/\/sbceurasia.com\/en\/#\/schema\/person\/1444eb87c339a10fb03044577ed751a7\"},\"headline\":\"Better Collective Enters Into A \u20ac176 Million Deal To Buy Playmaker Capital\",\"datePublished\":\"2023-11-08T11:29:46+00:00\",\"dateModified\":\"2023-11-08T11:29:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/sbceurasia.com\/en\/2023\/11\/08\/better-collective-enters-into-a-e176-million-deal-to-buy-playmaker-capital\/\"},\"wordCount\":393,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/sbceurasia.com\/en\/2023\/11\/08\/better-collective-enters-into-a-e176-million-deal-to-buy-playmaker-capital\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/resourcesen.sbceurasia.com\/sbccisen\/sites\/2\/2023\/11\/Better-Collective-Enters-into-Deal-to-Buy-Playmaker-Capital-for-E176-Million.png\",\"keywords\":[\"BetterCollective\",\"investments\",\"North America\",\"partnership\",\"PlaymakerCapital\",\"South America\"],\"articleSection\":[\"Features\",\"News\",\"Partnership\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/sbceurasia.com\/en\/2023\/11\/08\/better-collective-enters-into-a-e176-million-deal-to-buy-playmaker-capital\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sbceurasia.com\/en\/2023\/11\/08\/better-collective-enters-into-a-e176-million-deal-to-buy-playmaker-capital\/\",\"url\":\"https:\/\/sbceurasia.com\/en\/2023\/11\/08\/better-collective-enters-into-a-e176-million-deal-to-buy-playmaker-capital\/\",\"name\":\"Better Collective Enters Into A \u20ac176 Million Deal To Buy Playmaker Capital - 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