Michael Jordan and Mark Cuban’s investments in data company Sportradar shoots higher

The net worth of NBA Legend Michael Jordan and investment guru Mark Cuban have seen an upsurge following the success of their investments in Sportradar.

Both Jordan and Cuban invested in Sportradar in 2015. They were participants in a $44 million funding round led by Revolution Growth, according to USA Today. The National Basketball Association (NBA) and the National Football League (NFL) also have stakes in the company.

According to the company’s website, Sportradar is a data collection company that specializes in the collection of sports data from all over the world and then, using the data to leverage clients.

Sportradar went public in November 2021 at $19/share and is now reportedly valued at $8 billion. This can only be good news for the two investors and other investors, especially as the sports betting industry continues to grow and dominate the market.

According to a TechCrunch report in 2015, Jordan and Cuban bet that Sportradar will emerge as a sports “big data” leading company. The company envisioned that its data will be used for fantasy sports, social media, and even sports betting. At the time, Sportradar was a fast-growing sports development company. Amongst its many operations, the company developed various applications for its data and secured partnerships with the NFL, NASCAR, and the NHL within months.

“Sportradar is well-positioned to be a global force in the sports data business,” Cuban told TechCrunch. “Their data scientists are amazing.”

Ted Leonsis, co-founder at Revolution Growth and owner of several Washington sports teams also joined the Sportradar board. He emphasized the need and importance of sports real-time data, comparing it to Wall Street. He said such data comes in very handy to millions of people who don’t have adequate access to real-time information about players, teams, and leagues. He believed that sports teams could use the data to improve their game performance and fantasy football experience for sports enthusiasts, to make more informed decisions for their bets. Sportradar “creates data streams and will eventually create more products and services that DraftKing and FanDuel consumers might subscribe to.”

As of 2015, Sportradar covered more than 325,000 live events across 48 sports. It also employed over 1,000 developers and sports specialists from all over the world.

Michael Jordan: Net Worth

Michael Jordan is regarded as one of the greatest of all-time in NBA history. He is also one of the few sportsmen/retired sportsmen who is now a billionaire, with a net worth of $1.6 billion.

Mark Cuban: Net Worth

Popular for his daring predictions of the market and strategic investments, Mark Cuban has a real-time net worth of $4.5 billion, according to Forbes. He is the owner of the Dallas Mavericks amongst his other investments.