SportsGrid Up for Sale Amid Revenue Slide
Bankers have been pitching suitors since this summer.
SportsGrid, a private company specializing in sports-betting content, is currently being considered for sale after experiencing a decline in revenue since 2022. Potential buyers for the company are believed to be sports betting or online gaming operators. Telos Advisors, an investment bank, is leading the sale process. SportsGrid provides 24-hour gaming and lifestyle content, accessible through TVs, FAST platforms, and its website.
Despite declining revenue, Telos Advisors has assured potential buyers that the company is capable of recovering and expanding through media licensing and sales deals. Since its founding in 2017, SportsGrid has raised approximately $8.7 million from investors, with the latest funding round occurring in December 2019. The company has partnered with various entities, including golf influencer Paige Spiranac and radio host Craig Carton, but some of these partnerships have since concluded.
SportsGrid's collaboration with BetMGM also came to an end in 2024, as the betting company chose not to renew its partnership.
Written by urgent.news from Front Office Sports's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
