Ted Leonsis Rumors

The valuation at the time of their investment wasn’t disclosed, but Sportrader revealed in 2018 that the business was worth $2.4 billion. Given they invested three years prior, they likely came in at a significantly lower number, but still, even at that number, their $44 million would be worth nearly $150 million today. There’s nuance to this, of course. We don’t know if they invested additional capital, were diluted through later rounds, etc., but you get the point — Michael Jordan, Mark Cuban, and Ted Leonsis all made significant money on the deal. Sportrader Valuation: 2018: $2.4 billion. 2021: $8 billion (+233%). But here’s the interesting part: Sportrader did nearly $500 million in sales last year, but just 11% of that came from the U.S. market, where they are already the largest provider of data to sportsbooks.