Multi-club ownership (Part II): Rugby union, cricket, motorsport and beyond

Multi-club ownership (MCO) has become a significant trend across global sport as investors seek to create value through shared resources, commercial synergies, talent pathways, and diversified portfolios. While football has been the most visible example of MCO, the article highlights how similar ownership models have gained traction in rugby union, cricket, and motorsport.

In rugby union, recent acquisitions of Prem clubs by Black Knight and Red Bull demonstrate how investors are expanding established sports portfolios into rugby though vertical integration. … Read the rest

CMS Ramps up Process for Identifying Private-Equity Ownership of SNFs

This month, the Centers for Medicare & Medicaid Services (CMS) has begun an off-cycle revalidation process directed at all Medicare-participating skilled nursing facilities (SNFs). The process is designed to implement provisions of the Affordable Care Act (ACA) that require facilities to detail their ownership structures and key managerial personnel.

CMS is seeking information about ownership of SNFs by private equity firms and real estate investment trusts (REITs). In September, CMS revised Form 855A to require a SNF to report those … Read the rest