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  1. Oct 20

    Ipswich, Oura, Stadiums & Three Lions SPAC · Benevolent Capital CEO Brett Johnson | Under The Number

    Under The Number is a Skybox Media production. Full library: skyboxmedia.com Instagram: @skyboxhq TikTok: @skyboxhq Brett Johnson is the CEO of Benevolent Capital → www.benevolentcapital.com Brett has raised nearly $500 million across 33 SPVs in five years, and the common denominator is him. On this episode of Under The Number, the CEO of Benevolent Capital walks Brent Peus through how he went from running Targus to building one of the most active deal platforms in the sports economy. We cover the full arc: watching the 2014 MLS Cup and realizing Phoenix had no team, rebranding Arizona United into Phoenix Rising, building a stadium in 51 days, and convincing Didier Drogba to finish his career in the USL. Then the Ipswich story, from a cold pitch to Mark Ashton at a USL board meeting to three promotions back to the Premier League, backed by an Arizona pension fund. Brett explains why Rhode Island FC's $140 million stadium anchors a 700-unit district, why "rectangular sports" is an asset class, and why most teams can't wait around for the equity appreciation fairies. He also breaks down the $100 million Three Lions SPAC, why he prefers SPVs to a blind-pool fund, and where he thinks sports valuations are headed next. Topics: - Targus and the founding of Benevolent Capital - Why Brett was early on sports as an asset class - SPVs vs. funds: 33 deals, $500M, 800 investors - Phoenix Rising, the 51-day modular stadium, and Didier Drogba - Rhode Island FC, the $140M stadium, and stadium-anchored real estate - Rectangular sports as an asset class - The Ipswich Town turnaround, Mark Ashton, and the Arizona pension fund - Athletic Brewing, Best Day, Oura, and Flyhouse - The $100M Three Lions SPAC and what they're hunting for - What's mispriced in the sports economy right now

    Ipswich, Oura, Stadiums & Three Lions SPAC · Benevolent Capital CEO Brett Johnson | Under The Number

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Skybox is where the people, capital, and ideas shaping the Sports Economy come into focus.

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