Tiger Woods is making a play for a sports technology business, filing to raise $150 million through a special purpose acquisition company, a blank check venture that seeks to bring another company public. Tennis star Caroline Wozniacki, retired NBA player David Lee and the executives of sports technology investment fund Lead are among those joining Woods in the venture.
The SPAC, Sports & Health Tech Acquisition, is Woods’ first SPAC endeavor, and the 15-time major winner is the lead investor in the business. The blank check will seek to merge with a company in fan engagement, consumer-facing health and fitness technologies, and health and well-being, according to the prospectus.
The company has a large slate of athletes and executives participating. Among them are Andrew White, the executive chairman of Lead Sports (usually stylized leAD), a sports investment fund backed by the Adidas-founding Dassler family. Lead CEO Christoph Sonnen is an executive in Woods’ SPAC, as well. Lead is a sponsor of the SPAC, which provides funding to bring the business to its IPO.
The preliminary prospectus, filed last night with the Securities and Exchange Commission, specifies the participation of the Lead executives, Woods and Wozniacki, as particularly valuable to the SPAC. “Their relationships and experience produce proprietary deal flow that, when paired with leAD’s rich industry experience and subject-matter expertise as well as its own corporate network, will allow the company to be competitively positioned to source and select a value-generating target opportunity, and generate value post combination,” the document states.
The SPAC is basing itself in Lake Nona, a sports technology hub in Orlando, Fla. The prospectus notes the presence of the Lake Nona Fund, a recent venture capital fund focused on sport technology, will benefit the search for a target business, too. The Lake Nona Fund is backed by Lead and Tavistock, the investment business of billionaire and Tottenham Hotspur owner Joe Lewis, which is focusing on early-stage sports ventures.
Other executives in Sports & Health Tech Acquisition include Woods’ agent, Mark Steinberg, and the chief financial officer of Tiger Woods Ventures, Christopher Hubman. Chairman of the SPAC is Jon Voigtman, long an executive at investment bank RBC. David Rey, recently a managing director at European broadcaster Sky; Alan Hodson, formerly an executive at investment bank UBS; David Maura, CEO of home and hardware products firm Spectrum Brands; and Stephen Gartner, a retired mergers and acquisitions attorney, round out participants in the venture.
Woods joins other high-profile sports figures in the SPAC world, including Michael and Mario Andretti, whose SPAC had its IPO yesterday; Alex Rodriguez; and Patrick Mahomes. They are among more than 100 athlete- and sports executive-backed SPACs preparing to have an IPO or already seeking a business.
The Sports & Health Tech SPAC seeks to sell 15 million units in its IPO, consisting of one share and one half a warrant, the right to buy another share, and provide 18 months for the SPAC to close an acquisition. Woods’ celebrity doesn’t yet appear to be demanding a premium from the market, given the unit structure and time frame are the most commonly proposed SPAC terms of late. Those terms can change as the IPO gets priced by RBC Capital Market, the lead bookrunner.
Tyson Fury vs Anthony Joshua ‘interesting’ say WBC | Fury gives Joshua two possible dates for the fight
The WBC can’t make Anthony Joshua the mandatory challenger for Tyson Fury’s WBC heavyweight title; But the champion Fury is in a voluntary stage of his career so could box Joshua next
Tyson Fury has named two dates for a huge fight against Anthony Joshua, with the WBC open to the ‘interesting’ prospect of a British heavyweight battle.
A Tyson Fury vs Anthony Joshua fight wouldn’t be blocked by an obligation on Fury’s part to meet a mandatory challenger.
Fury was taking a mandatory defence when he defeated Dillian Whyte at Wembley Stadium earlier this year.
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WBC president Mauricio Sulaiman told Sky Sports, “Fury made his mandatory defence in April. He is in a voluntary stage and the WBC will determine all mandatories of all divisions at the convention in Acapulco on November.”
Heavyweights are already jostling for position to eventually become Fury’s mandatory. Andy Ruiz beat Luis Ortiz in an eliminator and Deontay Wilder will box Robert Helenius in another eliminator in October.
Play Video – Fury calls out AJ – ‘Battle of Britain? Let me know…’
Tyson Fury has taken to social media to challenge Anthony Joshua to a fight for his WBC heavyweight title in what he says would be a ‘Battle of Britain’
It means they can’t impose Joshua, who has lost his last two fights to Oleksandr Usyk, as a mandatory for the heavyweight title. But Fury could fight him as a voluntary, especially if it takes place next.
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“The WBC cannot mandate such bout, that would be against the rules and against the rights of champion Fury,” Sulaiman said.
But he added, “Fury vs Joshua will always be an interesting match, especially for the UK. Fury is without a doubt the best heavyweight of today and is in his prime.”
London or Cardiff
After already offering Anthony Joshua a 60-40 purse split, Tyson Fury has two dates this year in mind for that potential fight.
Fury wants to take it to Wembley Stadium on November 26 or the Principality Stadium in Cardiff on December 3.
“Why not give him 40 per cent? Give him no excuses and let’s get the fight made for the British public,” Fury told Talksport.
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Former professional boxer Johnny Nelson analyses Anthony Joshua’s performance during and after the fight against Oleksandr Usyk
“I have seen that they are trying to wriggle a little bit with the date because we officially have Manchester United’s football ground booked for November 12, however they are saying that is too short.
“So, what I have got that’s even better than that is Wembley Stadium booked for November 26 of this year. And if he doesn’t want to go to Wembley at the end of November, I even have a December date for him – December 3 at Cardiff.
“So, take your little pick, dosser. There’s no wriggling.
“One of them is 11 weeks [away], one is 12,” he added, “so if a professional athlete who is shredded all year round can’t get himself in shape in three months, there is a problem.”
Reach out for fight, Joshua tells Tyson Fury
Anthony Joshua has said he would be ready to fight world champion, Tyson Fury in December 2022.
The British boxer noted this while reacting to a public challenge on Monday for a ‘Battle of Britain.’
Joshua had lost his title rematch in August, in Saudi Arabia to Ukraine’s champion, Oleksandr Usyk.
However, it looks like the 32-year-old is eager to return to the ring before the end of 2022.
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Fury had said, “Anthony Joshua, I know you’ve just lost a fight to Usyk and you’re bout-less at the moment, and I’d like to give you an opportunity to fight me for the WBC heavyweight championship of the world and the lineal championship in the next few months.”
Joshua responded on his Instagram story, saying he was ready to fight if Fury was serious, and not just engaging in online discussion.
“I don’t do online discussions just for clout.
“So if you’re really about it, shout @258mgt (the boxer’s management company). I’ll be ready in Decemb
Tyson Fury remains adamant that Deontay Wilder would beat Anthony Joshua if fight between power punching heavyweights is made next year but Andy Ruiz is eyeing the ‘Bronze Bomber’
Tyson Fury remains adamant that he knows who would win if Anthony Joshua and Deontay Wilder were to meet in the ring.
The WBC champion has always insisted his former foe would bludgeon his fellow Brit, and is not looking to change his prediction any time soon.
Fury and Joshua sparred as youngsters, but have never fought
Fury and Wilder fought three times and the former knows all about the latter’s skill set
Fury has shared the ring with Wilder three times and has intricate knowledge of his strengths and weaknesses.
In their first fight in 2018, he boxed on the back foot and felt the American’s legendary power first hand as he was knocked down in the ninth and then dramatically floored in round 12.
His remarkable recovery to get back to his feet before the bout was ruled a contentious draw will never be forgotten.
When they met in a rematch in 2020, it was a very different story as Fury switched tactics completely, walking Wilder down, dropping him twice and stopping him in seven rounds.
Their 2021 trilogy showdown was almost a combination of the first two fights.
Fury was aggressive once again and put Wilder down in the third, only to then be decked twice himself in the following round.
Fury floored Wilder twice and stopped him in round seven of their rematch, then KOd him in their trilogy
GETTY IMAGES – GETTY
Fury floored Wilder twice and stopped him in round seven of their rematch, then KOd him in their trilogy
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At the end of a brutal battle, the Brit downed the American for a second time in round ten before getting the KO in the eleventh.
Wilder has not fought since this defeat, but is now scheduled to return against Robert Helenius on October 15.
Joshua too is now planning a comeback after suffering his second consecutive defeat to Oleksandr Usyk.
As a result, there has been talk about a potential AJ vs Wilder showdown finally coming to fruition in 2023.
Reacting to this speculation, Fury told SecondsOut: “I’ve always said who wins that fight – Wilder.
“Soon as he hits him, one-punch knockout. See you later, bye bye.”
Wilder, though, is being eyed by Andy Ruiz Jr, who beat Luis Ortiz on Sunday night and he seems open to the idea.
“Deontay Wilder’s back, we’re always looking for great, exciting fights. If that’s what lies up next, I’ve gotta handle business, but after that we can get it on,” he said.
Anthony Joshua vs Oleksandr Usyk 2: Tyson Fury makes prediction for fight
Anthony Joshua is set to take on Oleksandr Usyk this August in Saudi Arabia, looking to avenge his defeat last year. Tyson Fury has had his say on the fight, saying the Ukrainian will win via knockout.
Fury has put it down to AJ’s new trainer Robert Garcia. He believes that with his game plan, he’ll be knocked out inside seven rounds.
In fact, the Gypsy King believes he is the only man that can help Joshua win his fight, given Fury’s record and stature, it’s no surprise to see this claim.
Both Fury and Joshua normally tower over their opponents size wise and Fury is undefeated, so surely he knows the best way to go about fighting smaller opponents.
Talking to Queensbury Promotions, Fury went on to say: “Unless Anthony Joshua gets his a** up to Morecambe and lets me train him for this fight, Robert Garcia and 10 men like him will not make him beat Usyk.
“Because: One, they don’t know him; two, they don’t know what he’s got in his engine; and three, he’s not a little Mexican who can go toe to toe with someone for 15 rounds.
“If he gets on Usyk from Round 1 and tries to push and be aggressive, he’ll be gassed out after four rounds and get stopped in seven.
“But if he comes to Morecambe Bay and I teach him how to be a real fighting man for 12 rounds and how to deal with these little middleweight people, then he will get a win. But other than that, I see him getting beat again. Two in a row, baby and it’s over.”
There’s no doubting that Fury is clearly confident in his claim and looking at his record, he probably does know the key for AJ to win this fight.
Also, if Joshua loses again, it will set his career back massively, no belts and no claim to fight the best, it will take some recovering from and hard work to get back to where he is now.
Anthony Joshua Oleksandr Usyk
Joshua will be desperate to avenge his unanimous decision defeat to Usyk and reclaim the WBA, WBO, IBF and IBO belts.
The Mancunian continued: “But if he wants to resurrect his career, please come up to the man who’s never lost a fight in his life, been undefeated for 13 years and retired as only the second heavyweight in history to be on top of the game – won every belt in history there is to win.
“It all goes on what Robert Garcia’s gameplan is and how quick he wants [Joshua] to get chinned.
“To have a style of keep coming forward and putting pressure on somebody, when you’re a big man like he is and like I am, you need to have two V12 engines. You need to be able to take punches as well and you need to have balls like King Kong. None of them three of the above does he have.”
Anthony Joshua Boxing Oleksandr Usyk Tyson Fury
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Tyson Fury would fight Anthony Joshua free at Wembley
Joshua would have to beat Oleksandr Usyk first for such a fight to even take place
Tyson Fury would fight Anthony Joshua free at Wembley
Last Saturday night, Tyson Fury announced to the crowd that he would be willing to take on Anthony Joshua for free at London’s Wembley Stadium during his Victory Tour.
Joshua and Fury’s fight, according to Fury, should be free to the public and televised without pay-per-view. However, whether or not a fight with Fury is free, Joshua must defeat Oleksandr Usyk on August 20 for that to happen. If Joshua loses to Usyk once more, it will be pointless.
In other words, Fury’s request is unreasonable because the promoters and financiers who organize major fights like Joshua vs. Fury will never consent to such a crazy idea.
Very unlikely for this fight to happen
Sadly, Joshua will probably fall to Usyk once more, and Fury will need to come up with a catchphrase for that match.
During his Victory Tour, Fury criticized Joshua, saying, ” It’s all about the money, Mr. Businessman; he’s not a fighting man. I swear to God I hope he wins the fight against Usyk so that I can come out of retirement and fight him for free.”
In response to the criticism he has received from fans following his demand for $500 million to come out of retirement and challenge the victor of Joshua vs. Usyk II, it appears that Fury is in damage control mode.
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So by announcing that he will fight for free, Fury seems to be trying to change the perceptions of those who currently see him as a greedy materialist who is too lazy to get up off the couch and face the Joshua-Usyk 2 winner.
“However, the terms are this: I want it at Wembley Stadium, I want it free to enter, and I want it on free-to-air television in this country,” said Fury. “I’ll fight him in England, not abroad in a foreign country for more money; here for free for the people.”
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