23 Capital Expands Into Europe With New Barcelona Office

23 Capital Expands Into Europe With New Barcelona Office

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BARCELONA (CelebrityAccess) – 23 Capital, a major investor in the Sports, Music and Entertainment (SM&E) sectors, has today (Aug. 8) announced the opening of its fourth international office in Barcelona.

With a headquarters in London, plus offices in Los Angeles and New York, 23 Capital’s Barcelona move boosts the company’s international presence.

It says its Barcelona-based team, which will be headed by Jonny Nye, Managing Director of Sport at 23 Capital, and former Nike EMEA Sports Marketing Director, will work with “many of the leading teams and associations in European football and across other sporting sectors including tennis, cricket, rugby, F1, Formula E, MotoGP and basketball”.

Jason Traub, CEO and co-founder 23 Capital said: “Spain is one of the largest markets in world football, so it was essential that 23 Capital have a specialist sports team operating in one of the great sporting capitals’ of the world.

“Following the incorporation of SRG SL into 23 Capital, we are delighted to have Jonny and a dedicated sports team on board to continue exploring the business opportunities presented by the digital transformation shaping the industry.”

Nye added: “Spain is host to many of the most successful, dynamic and active clubs in European football, which makes it a natural place for the sports industry to gravitate to. 23 Capital’s Barcelona office provides its international clients with the deep sector expertise they need, which when combined with our ability to fund, creates a powerful proposition.”

Since its inception in 2014, 23 Capital has deployed and advised on over $3bn in transactions and has committed partnership capital of over $2bn to invest across the SM&E sector.

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