1 min read

 Carmelo Anthony, WWE Board Members Launch US$750 Million Sports Fund


Basketball star, Carmelo Anthony, is partnering with Isos Capital co-presidents and World Wrestling Entertainment (WWE) board members, Michelle Wilson and George Barrios, to launch a US$750 million sports private equity fund.

The Isos7 Growth Equity Fund will be focused on seeking sports team ownership, including minority investments in leagues and sports-adjacent businesses in North America, Europe, and Asia.

The partnership is aiming to utilise their professional network to capitalise on the convergence of sports, media, and entertainment.

According to a recent investment deck reviewed by Sportico, roughly 90% of the funds will be dedicated to global blue-chip team and league investments, in a bid to leverage Isos Capital’s operational expertise.

Co-partners Wilson and Barrios, former WWE executives for more than a decade, formed the Isos Acquisition company in 2021, raising more than US $225 million post IPO.

While, Anthony adds this partnership atop of a resume of consumer internet ventures, including his capital firm, Melo7 Tech.

This announcement comes after Mat Ishbia’s $4 billion bid to acquire the Phoenix Suns was approved by the NBA.

It's free to join the team!

Join the most engaged community in the Sports Business World.

Get all the latest news, insights, data, education and event updates.