Unrivaled Sports, a youth sports platform, has secured an investment of $120 million, with major contributions coming from Dick’s Sporting Goods along with involvement from entities such as Miller Sports + Entertainment, Dynasty Equity, LionTree, and The Chernin Group.
Unequaled, established by wealthy team proprietors David Blitzer and Josh Harris, stated in a press statement on Tuesday that the investments will be utilized for “expanding acquisitions, development, and variety of locations and events that provide unparalleled experiences for children and teenagers across various age groups.” This funding will also enhance encounters and facilities, such as enhancing playing areas, upgrading refereeing services, and refining food and drink offerings.
Unrivaled Sports was
established slightly more than a year ago
Through a partnership between Harris, Blitzer, and The Chernin Group, they have consolidated various youth sports properties into one entity. These holdings include a controlling stake in Ripkin Baseball as well as Cooperstown All-Star Village, which were acquired over a span of two years by the joint owners of the 76ers and Devils teams. Additionally, this new venture, known as Unrivaled, possesses premium facilities for hosting baseball events.
Rocker B Ranch
And the involvement of Chernin includes a foray into the world of flag football with Unrivaled Flag as part of his various holdings. Details regarding Chernin’s original financial commitment to Unrivaled have not been made public.
The investment led by Dick’s Sporting Goods marks the retail giant’s initial foray into Unrivaled. The firm already boasts a substantial footprint in youth sports.
its Gamechanger app
, a $100 million revenue business line Dick’s acquired for roughly $50 million in 2016. Outside The Chernin Group, the other participants are also new investors. Miller Sports + Entertainment is an investing arm of the family of Larry Miller, longtime owners of the Utah Jazz, which they sold in 2020, and current holders of the Salt Lake Bees minor league baseball team. The venture recently purchased soccer clubs Real Salt Lake and the Utah Royals from Blitzer at a
valuation around $600 million
.
Dynasty is the
Don Cornwell-led
sports focused private equity venture started in 2023 that reported $343 million in assets in August. LionTree is a merchant bank that has participated in other sports-related deals, including joining Harris Blitzer in
sports real estate-focused Seregh
Last month. Established in 2010, The Chernin Group holds several sports-related investments, such as stakes in the Premier Lacrosse League, Barstool Sports, and Action Sports.
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