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Legends Hospitality

From Wikipedia - Reading time: 5 min
Legends
IndustryEvent hospitality services
Ticket sales
Merchandising
FoundedOctober 2008; 16 years ago (2008-10)
Headquarters
New York, New York[1]
,
United States
Area served
Worldwide KC
Key people
Shervin Mirhashemi (CEO)
OwnerSixth Street Partners
Jerry Jones
Yankee Global Enterprises
DivisionsHospitality
Global Sales
Global Planning
Global Merchandise
Global Partnerships
Global Technology Solutions
Global Attractions
Legends International
WebsiteOfficial website

Legends is a food, beverage, merchandise, retail, and stadium operations corporation serving entertainment venues and companies. Formed in 2008, Legends is a joint venture of Yankee Global Enterprises and Jerry Jones of the Dallas Cowboys.

On October 20, 2008, Cowboys owner Jones and New York Yankees owner George Steinbrenner announced a joint business venture called Legends Hospitality Management LLC which would operate the concessions and merchandising sales at the AT&T Stadium in Arlington, Texas, and at the new Yankee Stadium in the Bronx, New York, along with the stadiums of the Yankees' minor league affiliates. The company was also backed by Wall Street investment firm Goldman Sachs and Dallas private equity firm CIC Partners LP.[2][3][4]

Legends has since branched out to multiple venues across the world such as the One World Observatory in a 15-year, $875 million contract,[5] Levi's Stadium, Indianapolis Motor Speedway and IndyCar, Banc of California Stadium, Nissan Stadium, Angel Stadium, Golden 1 Center, SoFi Stadium, Allegiant Stadium, University of Southern California, Prudential Center, Notre Dame, the Rose Bowl, Oklahoma Sooners, Dallas Mavericks, Buffalo Bills, and numerous other professional and college venues and companies. The company is estimated to be worth around $750 million.[6]

It has in addition branched out in what it offers. Although Legends began as a concessions company it has since expanded to help teams build and operate stadiums. It also sells naming rights, tickets, and Personal seat licenses on behalf of teams.[7] In 2019, Legends negotiated the largest naming rights deal in the National Football League when SoFi agreed to a 20-year, $30 million per year deal with Kroenke Sports & Entertainment and the Los Angeles Chargers to sponsor SoFi Stadium in Inglewood, California.[8]

In 2021, Legends was bought by Sixth Street Partners, who now lead the Legends partnership group with co-founders YGE Holdings, LLC, an affiliate of the New York Yankees, and Jones Concessions LP, an affiliate of the Dallas Cowboys.

On November 10 2023, Legends announced it would be acquiring California-based ASM Global for an undisclosed amount.[9]

On August 23, 2024, Legends today announced the completion of its previously announced acquisition of ASM Global. The combination of Legends and ASM Global creates the world’s preeminent premium live events company dedicated to providing fans with outstanding experiences globally. [10]

https://finance.yahoo.com/news/legends-completes-acquisition-asm-global-133000174.html

References

[edit]
  1. ^ "Contact Us - Legends". www.legends.net.
  2. ^ Dallas Cowboys, New York Yankees form joint concessions venture (The Dallas Morning News) Archived June 11, 2009, at the Wayback Machine
  3. ^ Cowboys, Yankees form company for new stadiums (Associated Press) Archived October 29, 2008, at the Wayback Machine
  4. ^ "Archived copy". Bloomberg News. Archived from the original on September 27, 2009. Retrieved March 5, 2017.{{cite web}}: CS1 maint: archived copy as title (link)
  5. ^ Geiger, Daniel (May 12, 2013). "World Trade Center site sits empty as rivals lease up". Crain's New York Business. Retrieved July 20, 2013.
  6. ^ Ozanian, Mike. "Legends Hospitality Scores Rich Valuation With New Mountain Capital Deal". Forbes. Retrieved 2019-04-11.
  7. ^ "Jerry Jones using Legends Hospitality doesn't concern Goodell". Dallas Cowboys. Retrieved 2019-04-11.
  8. ^ Triplett, Mike (September 15, 2019). "Brees 'concerned' about injury, to see specialist". ESPN.
  9. ^ "DCU Center management company to be sold to Yankees-Cowboys venture".
  10. ^ "Legends Completes Acquisition of ASM Global".
[edit]


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Licensed under CC BY-SA 3.0 | Source: https://en.wikipedia.org/wiki/Legends_Hospitality
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