SCHEDULE: TCV Affiliates Disclose Significant Stake in Sportradar Group AG

Multiple TCV-affiliated entities have disclosed beneficial ownership of up to 13.2% of Sportradar Group AG's Class A Ordinary Shares in a recent SEC filing.

Summary

• Technology Crossover Management IX, Ltd. and TCV IX Sports Corp. each report beneficial ownership of 29,203,147 Class A Ordinary Shares, representing 13.2% of Sportradar Group AG's outstanding shares.
• Technology Crossover Management IX, L.P. holds 27,872,089 shares, equating to 12.6% beneficial ownership.
• TCV IX, L.P. holds 17,146,077 shares, representing 7.7% beneficial ownership.
• TCV IX (A), L.P. holds 4,837,995 shares, representing 2.2% beneficial ownership.
• TCV Sports, L.P. holds 4,972,288 shares, also representing 2.2% beneficial ownership.
• TCV Member Fund, L.P. holds 1,331,058 shares, representing 0.6% beneficial ownership.
• TCV IX (B), L.P. holds 915,729 shares, representing 0.4% beneficial ownership.
• The reported percentages are calculated based on 221,390,294 Class A Ordinary Shares outstanding as of April 21, 2025, as reported in Sportradar Group AG's prospectus supplement filed on April 24, 2025.
• The reporting entities are primarily Cayman Islands exempted companies or limited partnerships, with their mailing address located in Menlo Park, California.
• The reporting persons may be deemed to be acting as a group in relation to their respective holdings but do not affirm the existence of any such group.

Sentiment

Score: 6

Explanation: The filing is a routine disclosure of significant institutional ownership. While not directly impacting operations, a large stake by a reputable investor like TCV can be viewed positively by the market, suggesting confidence in the company. The 'event date' being in the future (June 30, 2025) is unusual for a 13G, but the filing date is July 18, 2025, suggesting it's a forward-looking disclosure or a specific event trigger. Assuming it's a standard disclosure, the sentiment is moderately positive due to the institutional backing.

Positives

• Significant institutional investment from TCV-affiliated entities, indicating a notable vote of confidence in Sportradar Group AG.
• The largest beneficial ownership reported is 13.2%, which represents a substantial stake by a prominent investment firm.

Future Outlook

NA

Industry Context

This Schedule 13G filing indicates a significant passive investment by a prominent technology-focused venture capital firm, TCV, in Sportradar Group AG. Such filings are standard disclosures required when an entity acquires more than 5% beneficial ownership of a public company's stock, providing transparency on large institutional holdings within the market.

Stakeholder Impact

• Shareholders: The disclosure of significant institutional ownership by TCV-affiliated entities may enhance investor confidence and potentially stabilize the stock price due to a large, long-term holder.
• Company Management: Awareness of a major institutional investor's stake may influence strategic decisions, aligning with the interests of significant shareholders.

Key Dates

Keywords

Sportradar Group AG, Class A Ordinary Shares, Schedule 13G, Beneficial Ownership, Institutional Investor, TCV, Technology Crossover Management, SEC Filing, Equity Stake, Public Company