SCHEDULE: Radcliff Group Discloses 6% Stake in Sportradar

Radcliff SR I LLC and its affiliates have disclosed a 6.0% beneficial ownership stake in Sportradar Group AG's Class A Ordinary Shares.

Summary

• Radcliff SR I LLC, Radcliff SPV Manager LLC, Eli Goldstein, and Evan Morgan collectively reported beneficial ownership of 13,135,000 Class A Ordinary Shares of Sportradar Group AG.
• This ownership represents 6.0% of the Class A Ordinary Shares outstanding.
• The shares are held by Radcliff SR I LLC, with Radcliff SPV Manager LLC serving as its managing member, and Eli Goldstein and Evan Morgan as managing members of Radcliff SPV Manager LLC.
• The reporting persons disclaim beneficial ownership of the shares except to the extent of their pecuniary interest.
• The percentage of ownership is calculated based on the shares outstanding (excluding treasury shares) as reported in Sportradar Group AG's Prospectus filed on April 24, 2025.

Sentiment

Score: 5

Explanation: This is a factual disclosure of beneficial ownership. It does not contain positive or negative financial performance data or forward-looking statements that would significantly sway sentiment. The disclosure of a significant stake by an investment group is generally neutral to slightly positive as it indicates investor interest, but without further context on the group's intentions or the company's performance, it remains largely neutral.

Positives

• The disclosure of a significant 6.0% stake by an investment group may signal confidence in Sportradar Group AG's future prospects.
• The reporting persons certified that the shares were not acquired for the purpose of changing or influencing control of the issuer, suggesting a passive investment intent.

Future Outlook

NA

Management Comments

• The securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
• Each of the Reporting Persons disclaims beneficial ownership of the Shares reported herein except to the extent of the Reporting Person's pecuniary interest therein.

Industry Context

This filing is a standard disclosure of a significant ownership stake in a publicly traded company, Sportradar Group AG, which operates in the sports data and technology industry. Such disclosures are common for institutional investors or investment groups acquiring substantial positions.

Stakeholder Impact

• Shareholders: Disclosure of a significant stake by an investment group can influence investor perception and potentially the stock price, depending on the market's interpretation of the group's intentions (e.g., passive investment vs. activist stake).

Key Dates

Recommendation

This filing is a Schedule 13G, which is a passive ownership disclosure. It indicates that Radcliff SR I LLC and its affiliates have acquired a 6.0% stake in Sportradar Group AG. While a significant stake by an investment group can be seen as a vote of confidence, the filing explicitly states that the shares were not acquired for the purpose of changing or influencing control. Without additional financial performance data, strategic updates, or a clear activist intent from the reporting persons, this filing alone does not provide sufficient information to warrant a 'buy' or 'sell' recommendation. It primarily serves as a transparency update on the ownership structure. Therefore, a 'hold' recommendation is appropriate, advising investors to maintain their current position and await further company-specific or market-wide developments.

Keywords

Sportradar Group AG, SRAD, Class A Ordinary Shares, Schedule 13G, beneficial ownership, Radcliff SR I LLC, Radcliff SPV Manager LLC, Eli Goldstein, Evan Morgan, SEC filing, equity stake