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Podcast: Unofficial Partner Podcast
Episode: UP365 Inside the £250million Two Circles sale
Description: The big news in the sports industry is the sale of Two Circles, the sports marketing group co-founded and led by today's guest Gareth Balch. The deal values the company at £250 million (US$317.9 million), representing a big payout for George Pyne's Bruin Sports Capital, which paid $40million for 80% of the company in December 2019, when it bought it from previous owner WPP. So why is the company that amount of money and what does it tell us about how the finance community values professional sport over the next decade? Two Circles new home is private equity fi...