Sports media and technology company Fz Sports, which operates 1190 Sports, Fanatiz, and Nunchee, has raised US$74 million in growth funding.

Confirmed:

• Investors in Fz Sports include 777 Partners, MEP Capital, Torneos, Serengeti Asset Management and Magma Partners
• Financing includes debt and equity capital
• Funding will allow Fz Sports to expand its work in the Latin American sports rights market
• 1190 Sports’ Peruvian Liga1 rights business also set for accelerate growth 

Context:

As well as the Peruvian top-flight, Fz Sports also manages the international broadcasting rights of the Brasileirão Campeonato Serie A and Liga Argentina de Futbol. It is additionally part of the consortium that manages the broadcasting, image and sponsorship rights of Chile’s national soccer teams, as well as the sponsorships of the Peruvian national team.

Comment:

“This financing will allow us to continue supporting and boosting the sports rights management and distribution of several of the most important leagues and federations in the region,” said Matías Rivera, chief executive and co-founder of FzSports.

“At the same time, it reflects the vision of growth and potential that the rapidly expanding sports business has, hand in hand with our innovative management, business model and technology. We are honoured to attract some of the best investment firms in the sports world and are delighted to continue strengthening the value of Latin American football internationally.”

Coming next:

Brazilian soccer is set for a shakeup as the country’s elite clubs look to take away control of the top flight from the Brazilian Football Confederation (CBF), which will have implications for the management of the competition’s broadcast rights.