homebusiness News

Lionel Messi launches investment firm targeting sports and tech

Lionel Messi launches investment firm targeting sports and tech

Lionel Messi launches investment firm targeting sports and tech
Read Time2 Min(s) Read
Profile image

By Bloomberg  Oct 19, 2022 10:02:10 PM IST (Published)

“I am excited to extend our roots into Silicon Valley, and I am thrilled that Play Time will collaborate with daring entrepreneurs from all over the world,” Messi said in a statement. 

Soccer superstar Lionel Messi is creating a holding company to invest in sports, media and technology globally.

Recommended Articles

View All

Based in San Francisco, Play Time Sports-Tech HoldCo LLC will be Messi’s main investment vehicle, according to a statement. The company will explore “stage agnostic” opportunities that could include, for example, helping startup founders build football-tech companies or investing in teams.
“I am excited to extend our roots into Silicon Valley, and I am thrilled that Play Time will collaborate with daring entrepreneurs from all over the world,” Messi said in a statement.
Play Time will be run by Razmig Hovaghimian, partner at venture capital firm Graph Ventures. Michael Marquez, founding partner of investment bank Code Advisors LLC, will be a special adviser.
Hovaghimian is also a co-founder of football venture Matchday.com, which counts Play Time as its first investor and plans to launch before the 2022 FIFA World Cup begins in November. The holding company also holds a stake in football-tech startup AC Momento.
“From the time I met Leo and the Messi family in 2017, it was clear that their vision for the future is bold,” Hovaghimian said in a statement. “They want to continue to have a direct and lasting impact on and off the pitch.”
The statement did not include the amount to be invested.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!

Top Budget Opinions

    Most Read

    Market Movers

    View All
    Top GainersTop Losers
    CurrencyCommodities
    CompanyPriceChng%Chng