Relativity just got a nice infusion of cash, but will Relativity Sports see any of it?
Relativity just got a nice infusion of cash, but will Relativity Sports see any of it?

On April 2, The Hollywood Reporter had a front page story titled, “Relativity Secures $115M Revolving Line of Credit.”  I did not hear a peep from a person (save one) in the sports industry, but should it at least be on sports business professionals’ radar?  While everyone was fawning over Jay-Z entering the world of sports agency, there was Relativity, which now has a sports department aptly named Relativity Sports, opening up the cash register.

The article says that the $115 million line of credit is expected to expand to $300 million in the near future, and cites CEO Ryan Kavanaugh’s expectation of heightened revenue due, in part, to the sports division.  There is really no focus on Relativity Sports other than its inclusion in the piece of the revenue pie, but with such a large infusion of cash, competitors have to at least have concern with the expansion of an already sizable war-chest.