Management is accelerating a shift toward sports and entertainment assets where the company maintains a proprietary competitive advantage and can actively drive value. The sale of Dun & Bradstreet for $630 million and exits from Paysafe, System1, and Sightline represent a deliberate move away from non-strategic public securities. Black Knight Football Club (BKFC) is now the primary value driver, with AFC Bournemouth achieving significant transfer profits while maintaining Premier League performance. ...

Cannae (NYSE:CNNE) Q4 2025 Earnings call February 23, 2026 05:00 PM ET Company ParticipantsBryan Coy - CFOIan Zaffino - Managing DirectorJamie Lillis - Managing Director of Investor RelationsRyan Caswell - CEOConference Call ParticipantsKenneth Lee - VP and Senior Equity Research AnalystOperatorGood afternoon, ladies and gentlemen, and welcome to the Cannae Holdings, Inc. 4th Quarter and Full Year 2025 Financial Results Conference Call. During today's presentation, all parties will be in a listen-only mode. ...

Financial Data and Key Metrics Changes - Total operating revenues for Q4 2025 were $103 million, a 6% decrease from $110 million in Q4 2024, primarily due to lower restaurant revenue and nine fewer O'Charley's locations [12][13] - Total operating expenses in Q4 2025 were $127 million, down from $132 million in the prior year, with a significant decrease in operating expenses by approximately 13% when excluding non-cash impairment charges [13][14] - For the full year 2025, total operating revenue was $424 million, compared to $453 million in 2024, reflecting lower restaurant locations and associated revenue [15] - The operating loss for 2025 was $119 million, compared to $104 million in 2024, influenced by non-recurring management charges and non-cash impairment charges [15][16] Business Line Data and Key Metrics Changes - The decrease in total operating revenues was primarily attributed to lower guest traffic in restaurants, despite higher average guest checks [12] - The company reported a $55 million tax refund expected in summer 2026, resulting from strategic sales of shares [4][16] Market Data and Key Metrics Changes - The performance of AFC Bournemouth, a key investment, was highlighted, with the team sitting in 8th place in the Premier League and generating over $400 million in transfer proceeds [6][8] - The company also acquired the remaining 60% of FC Lorient for approximately EUR 60 million, enhancing its strategic position in the multi-club model [7] Company Strategy and Development Direction - The company is focusing on transforming its portfolio to concentrate on sports and entertainment-related assets, where it has a competitive advantage [9][10] - A new set of strategic priorities has been established to enhance operating performance, increase transparency, and maintain disciplined capital returns [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed dissatisfaction with the current stock price, indicating that it does not reflect the intrinsic value of the company's assets [8][41] - The board is committed to evaluating and enhancing governance policies to align with best practices [11] Other Important Information - The company repurchased $323 million of stock, representing 28% of its shares outstanding, and increased its dividend by 25% to $0.15 per quarter [4][5] Q&A Session Summary Question: Potential monetizations across the portfolio - Management is reviewing individual assets for potential monetization, particularly focusing on sports and entertainment-related assets [18][20] Question: Outlook on JANA partnership - Management remains optimistic about the partnership with JANA and believes they will continue to source opportunities aligned with the strategic focus on sports and entertainment [22][24] Question: AI risks across the portfolio - Management has considered AI impacts and believes that most portfolio companies are well-positioned with long-term contracts, while also being proactive in implementing AI for efficiency [25][27] Question: Valuation of Black Knight Football Club - Management discussed the valuation framework and indicated that they are providing more detailed financials to help investors understand the value of their investments [30][33] Question: Investment in SpaceX - The investment in SpaceX is expected to be a source of cash over time, with significant value appreciation since acquisition [35][38]

Cannae (NYSE:CNNE) Q4 2025 Earnings call February 23, 2026 05:00 PM ET Speaker5Good afternoon, ladies and gentlemen, and welcome to the Cannae Holdings, Inc. 4th Quarter and Full Year 2025 Financial Results Conference Call. During today's presentation, all parties will be in a listen-only mode. Following the company's prepared remarks, the conference will be open for questions with instructions to follow at that time. As a reminder, this conference call is being recorded and a replay is available through 11 ...

Investment Rating - The report does not provide a specific investment rating for the industry Core Insights - The international transfer and first registration of minor players are regulated to protect young players and ensure compliance with FIFA's principles of youth protection and regulatory transparency [6] - The Players' Status Chamber of the FIFA Football Tribunal must approve any international transfer of a minor who is at least ten years old [7] - The Minor Application Guide outlines the necessary documentation and procedural requirements for submitting minor applications, ensuring completeness and admissibility [9][10] Summary by Sections Minor Application Guide - The guide provides a structured overview of scenarios requiring applications and the corresponding documentation needed from member associations [10] - It emphasizes the importance of submitting documents in one of FIFA's official languages or providing translations [11] The Individual Exceptions - Various exceptions for minor applications are detailed, including circumstances where players move with parents for non-football-related reasons [14] - Documentation requirements vary based on the specific situation, such as employment contracts, proof of identity, and custody documents [16][17][21] Minor Application Process - The process involves creating and submitting an application by the new association, obtaining approval from the former association, and a review by the FIFA general secretariat [72][73][75] - The Players' Status Chamber makes the final decision, which is communicated to the relevant associations via TMS [81][82] FAQs - Clarifications on the definitions of first registration and international transfer for minor players are provided, along with the approval requirements for national minor players [88][90] - The report outlines the standard of proof required for evaluating exceptions and the acceptable age of submitted documents [96][97]

Fees for teenage football players in Britain have more than doubled over the last few years, according to one expert. The main reason is Brexit https://t.co/iwXnPeVEA6 ...

The market for British teenage footballers is booming. Thank Brexit https://t.co/iwXnPeVEA6 ...

In a move that is both increasingly popular and controversial, Birmingham City FC has joined the growing list of clubs to sell its women’s team to the club itself and a small group of outside investors https://t.co/leeqOgIGyH ...

BRØNDBYERNES I.F. FODBOLD A/S CVR-nr. 83 93 34 10 Brøndby, den 16. februar 2026 SELSKABSMEDDELELSE NR. 2/2026 Johannes Ruppert udtræder af bestyrelsen i Brøndby IF Brøndbyernes I.F. Fodbold A/S meddeler, at Johannes Ruppert pr. dags dato er udtrådt af selskabets bestyrelse. Bestyrelsesposten genbesættes ikke for nuværende. Bestyrelsen består fremadrettet af Jan Bech Andersen (formand), Scott McLachlan (næstformand), Christian Barrett, Kristian Weise, Sten Lerche, Niels Roth, Scott Krase, Chris Anderson, Mi ...

Core Insights - BYD has announced a strategic partnership to become the Official Automotive Partner of Manchester City Football Club, marking a significant collaboration between a global technology company and a renowned football brand [1][2] Partnership Details - The partnership includes supplying BYD and DENZA vehicles to Manchester City, as well as providing new-energy expertise through vehicle charging and energy-storage batteries at the City Football Academy [3][12] - BYD's branding will be featured on the training-kit sleeve of both the men's and women's first teams, and the brand will have a presence at the Etihad Stadium [4][12] Strategic Goals - This partnership is part of BYD's strategy to enhance brand awareness in international football, following previous sponsorships of major football events like UEFA EURO 2024 [5] - BYD aims to inspire a more sustainable future through this collaboration, aligning its values of excellence and innovation with those of Manchester City [6][7] Company Background - BYD, founded over 30 years ago, has established itself as a leader in New Energy Vehicles (NEVs), achieving record sales and a presence in over 110 countries [8][9] - In 2025, BYD sold 4.6 million vehicles globally, with over a million sold outside of China, and has a strong focus on innovation with 120,000 engineers and an average of 45 new patent applications daily [9]