Transaction Presets
Deal Parameters
Enterprise Value (EV)
$6.50B
Annual Gross Revenue
$516M
Operational EBITDA
$158M
Trophy / Scarcity Premium
32.0%
Macro & Media Drivers
Media Rights Growth (p.a.)
4.5%
Cost of Capital / PE Hurdle
7.5%
Implied Cap Rate
2.43%
EBITDA / Enterprise Value
EV / Revenue
12.60x
Gross top-line multiple
Core Operating Value
$4.42B
Fundamental cash generation
Trophy Control Premium
$2.08B
Scarcity & prestige surplus
Enterprise Value Decomposition Waterfall
Core Operations
Media Upside
Trophy Premium
Total EV
Cash Yield Spread vs. Institutional Hurdle Rates
-507 bps
Economic Diagnostic
At an implied cap rate of 2.43% versus an institutional discount rate of 7.50%, the acquisition incurs a -507 bps negative yield spread. The $2.08B trophy premium implies investors are underwriting sovereign scarcity, global brand monetization, or terminal inflation rather than immediate operational dividends.
Valuation Breakdown
| Component | Value | % of EV |
|---|---|---|
| Core Operating Asset | $4.42B | 68.0% |
| Media Rights Growth Capital | $0.61B | 9.4% |
| Scarcity / Prestige Premium | $2.08B | 32.0% |
| Enterprise Value Total | $6.50B | 100.0% |
Cap-Rate Sensitivities
| EBITDA Shock | Implied Yield | Spread to Hurdle |
|---|