Basketball nice Michael Jordan will enhance his funding in Sportradar Group AG and can function a particular adviser to the corporate’s board, the sports activities playing knowledge firm stated on Monday.
The corporate’s shares rose 3.4% in prolonged buying and selling.
Switzerland-based Sportradar went public final week through the preliminary public provide route after abandoning plans for a merger with a particular objective acquisition firm earlier this yr.
The corporate didn’t present particulars concerning Jordan’s elevated stake however stated his advisory duties will revolve across the U.S. market, product growth and advertising actions.
Jordan, a six-time NBA champion with the Chicago Bulls within the Nineteen Nineties, was an early investor in Sportradar. He additionally joined sports-betting agency DraftKings as a particular adviser in September final yr.
Sportradar offers software program, knowledge and content material by means of subscription and income share preparations to sports activities leagues, betting operators and media corporations. Its prospects embody DraftKings, Twitter and ESPN.
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