SportsGrid Up for Sale Amid Declining Revenue
By The Weekly Edge desk ·
Summary
SportsGrid, a 24-hour sports betting media network, is reportedly being shopped to buyers with help from investment bank Telos Advisors, according to a Front Office Sports report citing an unnamed source. Talks with prospective buyers have apparently run for several months, with one potential lead bidder emerging. Revenue has fallen in recent years after the company lost major sportsbook partnerships including FanDuel and BetMGM.
Why it matters
Losing FanDuel and BetMGM partnerships cut SportsGrid's revenue, showing operator-funded media deals can vanish and weigh on a buyer's valuation.