Craig Felenstein Named CFO of Sportradar Group

Sportradar Appoints Craig Felenstein as CFO to Spearhead Financial Strategy and Growth

Sportradar, a leader in sports technology and analytics, ushers in a new era of financial leadership and strategic growth.

Craig Felenstein, a seasoned financial strategist, steps in as CFO, bringing a wealth of experience from his tenure at US-listed companies.

Imagine a future where Sportradar not only continues to lead in sports data but also excels in financial health and investor relations.

Read on to discover how Felenstein’s expertise will steer Sportradar through upcoming market challenges and opportunities.

A Strategic Executive Move

In a significant corporate development, Sportradar Group has announced the appointment of Craig Felenstein as its new Chief Financial Officer (CFO), set to take office on June 1, 2024. This appointment marks a pivotal moment for Sportradar as it continues to expand its influence in the global sports technology market.

Craig Felenstein’s Professional Background

Craig Felenstein brings to Sportradar nearly three decades of experience in senior finance and operational roles, primarily with US publicly listed companies. Before joining Sportradar, Felenstein served as the CFO at Lindblad Expeditions, where he was noted for his strategic financial planning and operational management. His career has been characterized by a robust track record of enhancing financial frameworks and driving shareholder value, making him an ideal fit for a technology-forward company like Sportradar.

Role and Expectations

In his role as CFO, Felenstein will oversee Sportradar’s global finance operations, including accounting and investor relations. Positioned in New York, he will report directly to Sportradar CEO Carsten Koerl. Felenstein is expected to play a crucial role in shaping the company’s financial strategies and ensuring they align with Sportradar’s long-term growth objectives.

Leadership Endorsements

Carsten Koerl, CEO of Sportradar, has expressed high confidence in Felenstein’s capabilities, emphasizing his international experience and successful history in building and managing finance organizations at major public companies. Koerl remarked, “With Craig’s deep international experience and successful track record building finance organizations as a CFO at US-listed public companies, I am confident that he will be a strong addition to our team. His track record of helping drive financial strategy and building shareholder value will be instrumental to our continued success.”

Felenstein’s Vision for Sportradar

Upon accepting the position, Craig Felenstein shared his enthusiasm about joining Sportradar, acknowledging the company’s established leadership in the sports technology sector and its potential for sustained growth. He noted, “Sportradar has built an impressive leadership position in the rapidly growing global sports technology market and the company is ideally situated to deliver sustained growth given their strong content portfolio, unmatched product offerings, and commitment to industry innovation.”

Recent Achievements and Strategic Partnerships

Sportradar has been experiencing a particularly dynamic period, having recently extended its partnership with the CBA League in China, further solidifying its presence in Asian sports markets. Additionally, the company achieved a significant milestone by securing a supplier license in North Carolina, marking its 56th license, or equivalent, in North America. These developments illustrate Sportradar’s proactive approach in expanding its operational footprint and enhancing its service offerings globally.

Impact of Leadership Change on Sportradar’s Future

The appointment of Craig Felenstein comes at a time when Sportradar is navigating an increasingly competitive sports technology landscape. With his extensive experience and strategic insight, Felenstein is expected to drive financial efficiencies and support Sportradar’s expansion strategies, ultimately contributing to the company’s ability to adapt to market changes and emerging opportunities.

Conclusion: Enhancing Sportradar’s Competitive Edge

Craig Felenstein’s arrival as CFO is anticipated to fortify Sportradar’s financial and strategic operations, enabling it to maintain and extend its leadership in the sports data and technology sectors. By capitalizing on his extensive experience and strategic acumen, Sportradar is poised to not only navigate the complexities of the global market but also enhance its offerings, ensuring long-term growth and stability. This strategic appointment underscores Sportradar’s commitment to excellence and innovation, setting the stage for the next chapter in its impressive growth story.