Sec Form 13G Filing - Technology Crossover Management IX Ltd. filing for Sportradar Group AG (SRAD) - 2024-11-14

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

 

 

 

SPORTRADAR GROUP AG

 

(Name of Issuer)

 

Class A Ordinary Shares, nominal value CHF 0.10 per share
(Title of Class of Securities)

 

H8088L103
(CUSIP Number)

 

September 30, 2024
(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

¨ Rule 13d-1(b)
¨ Rule 13d-1(c)
x Rule 13d-1(d)

 

 

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

 

 

CUSIP # H8088L103

 

1

NAMES OF REPORTING PERSONS

 

Technology Crossover Management IX, Ltd.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ¨

(b) x

3

SEC USE ONLY

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF SHARES BENEFICIALLY OWNED BY

EACH

REPORTING

PERSON

WITH

5

SOLE VOTING POWER< /p>

 

34,079,496

6

SHARED VOTING POWER

 

0

7

SOLE DISPOSITIVE POWER

 

34,079,496

8

SHARED DISPOSITIVE POWER

 

0

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

34,079,496

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

¨

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

16.4%

12

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

OO

 

2

 

 

CUSIP # H8088L103

 

1

NAMES OF REPORTING PERSONS

 

Technology Crossover Management IX, L.P.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ¨

(b) x

3

SEC USE ONLY

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF SHARES BENEFICIALLY OWNED BY

EACH

REPORTING

PERSON

WITH

5

SOLE VOTING POWER

 

32,526,178

6

SHARED VOTING POWER

 

0

7

SOLE DISPOSITIVE POWER

 

32,526,178

8

SHARED DISPOSITIVE POWER

 

0

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

32,526,178

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

¨

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

15.7%

12

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

PN

 

3

 

 

CUSIP # H8088L103

 

1

NAMES OF REPORTING PERSONS

 

TCV IX, L.P.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ¨

(b) x

3

SEC USE ONLY

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF SHARES BENEFICIALLY OWNED BY

EACH

REPORTING

PERSON

WITH

5

SOLE VOTING POWER

 

20,009,134

6

SHARED VOTING POWER

 

0

7

SOLE DISPOSITIVE POWER

 

20,009,134

8

SHARED DISPOSITIVE POWER

 

0

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

20,009,134

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

¨

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

9.6%

12

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

PN

 

4

 

 

CUSIP # H8088L103

 

1

NAMES OF REPORTING PERSONS

 

TCV IX (A), L.P.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ¨

(b) x

3

SEC USE ONLY

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF SHARES BENEFICIALLY OWNED BY

EACH

REPORTING

PERSON

WITH

5

SOLE VOTING POWER

 

5,645,845

6

SHARED VOTING POWER

 

0

7

SOLE DISPOSITIVE POWER

 

5,645,845

8

SHARED DISPOSITIVE POWER

 

0

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

5,645,845

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

¨

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

2.7%

12

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

PN

 

5

 

 

CUSIP # H8088L103

 

1

NAMES OF REPORTING PERSONS

 

TCV IX (B), L.P.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ¨

(b) x

3

SEC USE ONLY

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF SHARES BENEFICIALLY OWNED BY

EACH

REPORTING

PERSON

WITH

5

SOLE VOTING POWER

 

1,068,637

6

SHARED VOTING POWER

 

0

7

SOLE DISPOSITIVE POWER

 

1,068,637

8

SHARED DISPOSITIVE POWER

 

0

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,068,637

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

¨

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

0.5%

12

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

PN

 

6

 

 

CUSIP # H8088L103

 

1

NAMES OF REPORTING PERSONS

 

TCV Member Fund, L.P.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ¨

(b) x

3

SEC USE ONLY

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF SHARES BENEFICIALLY OWNED BY

EACH

REPORTING

PERSON

WITH

5

SOLE VOTING POWER

 

1,553,318

6

SHARED VOTING POWER

 

0

7

SOLE DISPOSITIVE POWER

 

1,553,318

8

SHARED DISPOSITIVE POWER

 

0

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,553,318

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

¨

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

0.7%

12

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

PN

 

7

 

 

CUSIP # H8088L103

 

1

NAMES OF REPORTING PERSONS

 

TCV Sports, L.P.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ¨

(b) x

3

SEC USE ONLY

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF SHARES BENEFICIALLY OWNED BY

EACH

REPORTING

PERSON

WITH

5

SOLE VOTING POWER

 

5,802,562

6

SHARED VOTING POWER

 

0

7

SOLE DISPOSITIVE POWER

 

5,802,562

8

SHARED DISPOSITIVE POWER

 

0

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

5,802,562

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

¨

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

2.8%

12

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

PN

 

8

 

 

CUSIP # H8088L103

 

1

NAMES OF REPORTING PERSONS

 

TCV IX Sports Corp.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) ¨

(b) x

3

SEC USE ONLY

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF SHARES BENEFICIALLY OWNED BY

EACH

REPORTING

PERSON

WITH

5

SOLE VOTING POWER

 

34,079,496

6

SHARED VOTING POWER

 

0

7

SOLE DISPOSITIVE POWER

 

34,079,496

8

SHARED DISPOSITIVE POWER

 

0

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

34,079,496

10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

¨

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

16.4%

12

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

CO

 

9

 

 

Item 1(a).Name of Issuer
  
 Sportradar Group AG (the “Issuer”)
  
Item 1(b).Address of Issuer’s Principal Executive Offices
  
 Feldlistrasse 2
 CH-9000 St. Gallen
 Switzerland
  
Item 2(a).Name of Persons Filing

 

This statement is being filed by (1) Technology Crossover Management IX, Ltd., a Cayman Islands exempted company (“Management IX”), (2) Technology Crossover Management IX, L.P., a Cayman Islands exempted limited partnership (“TCM IX”), (3) TCV IX, L.P., a Cayman Islands exempted limited partnership (“TCV IX”), (4) TCV IX (A), L.P., a Cayman Islands exempted limited partnership (“TCV IX (A)”), (5) TCV IX (B), L.P., a Cayman Islands exempted limited partnership (“TCV IX (B)”), (6) TCV Member Fund, L.P., a Cayman Islands exempted limited partnership (“Member Fund”), (7) TCV Sports, L.P., a Cayman Islands exempted limited partnership (“TCV Sports”) and (8) TCV IX Sports Corp., a Cayman Islands corporation (“TCV IX Sports”). The foregoing entities are collectively referred to herein as the “Reporting Persons.”

 

Item 2(b). Address of Principal Business Office
   
  The mailing address for each of the Reporting Persons is:
  c/o TCV
  250 Middlefield Road
  Menlo Park, California 94025
   
Item 2(c). Citizenship
   
  See response to Item 4 of each of the cover pages and Item 2(a) above.
   
Item 2(d) and 2(e). Title of Class of Securities and CUSIP Number
   
  Class A Ordinary Shares (“Class A Ordinary Shares”), nominal value CHF 0.10 per share
  CUSIP Number: H8088L103
   
Item 3. Not applicable.
   
Item 4. Ownership

 

The responses of the Reporting Persons to Rows (5) through (9) and (11) of the cover pages of this Schedule 13G are incorporated herein by reference.

 

TCV IX Sports is the direct beneficial holder of 34,079,496 Class A Ordinary Shares. TCV IX Sports has the sole power to dispose or direct the disposition of the Class A Ordinary Shares that it holds directly and has the sole power to vote or direct the vote of such shares.

 

Each of TCV IX, TCV IX (A), TCV IX (B), Member Fund and TCV Sports (collectively, the “TCV Entities”), as indirect beneficial holders of the Class A Ordinary Shares held directly by TCV IX Sports, and Management IX, as the ultimate general partner of the TCV Entities, may be deemed to have the sole power to dispose or direct the disposition of the shares held by TCV IX Sports and have the sole power to direct the vote of such Class A Ordinary Shares. TCM IX, as the direct general partner of TCV IX, TCV IX (A), TCV IX (B) and TCV Sports (collectively, the “TCV IX Funds”), may also be deemed to have sole power to dispose or direct the disposition of the Class A Ordinary Shares indirectly held by the TCV IX Funds and have the sole power to direct the vote of such Class A Ordinary Shares. Each of Management IX, TCM IX and the TCV Entities disclaims beneficial ownership of the Class A Ordinary Shares owned TCV IX Sports, except to the extent of their respective pecuniary interest therein.

 

10

 

 

Calculation of the percentage of Class A Ordinary Shares beneficially owned is based on 207,794,199 Class A Ordinary Shares outstanding as of December 31, 2023, as reported in the Annual Report on Form 20-F filed by the Issuer with the Securities and Exchange Commission on March 20, 2024.

 

The Reporting Persons may be deemed to be acting as a group in relation to their respective holdings in the Issuer but do not affirm the existence of any such group.

 

Except as set forth in this Item 4, each of the Reporting Persons disclaims beneficial ownership of any Class A Ordinary Shares owned beneficially or of record by any other Reporting Person.

 

Item 5. Ownership of Five Percent or Less of a Class
   
Not applicable.
   
Item 6. Ownership of More than Five Percent on Behalf of Another Person
   
Not applicable.
   
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person
   
Not applicable.
   
Item 8. Identification and Classification of Members of the Group
   
See Item 4 above.
   
Item 9. Notice of Dissolution of Group
   
Not applicable.
   
Item 10. Certifications
   
Not applicable.

 

11

 

 

SIGNATURES

 

After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct.

 

Date: November 14, 2024TECHNOLOGY CROSSOVER MANAGEMENT IX, LTD.
  
   
 By:/s/ Frederic D. Fenton
 Name:Frederic D. Fenton
 Its:Authorized Signatory

 

TECHNOLOGY CROSSOVER MANAGEMENT IX, L.P.
  
   
 By:/s/ Frederic D. Fenton
 Name:Frederic D. Fenton
 Its:Authorized Signatory

 

TCV IX, L.P.
  
   
 By:/s/ Frederic D. Fenton
 Name:Frederic D. Fenton
 Its:Authorized Signatory

 

TCV IX (A), L.P.
  
   
 By:/s/ Frederic D. Fenton
 Name:Frederic D. Fenton
 Its:Authorized Signatory

 

TCV IX (B), L.P.
  
   
 By:/s/ Frederic D. Fenton
 Name:Frederic D. Fenton
 Its:Authorized Signatory

 

TCV MEMBER FUND, L.P.
  
   
 By:/s/ Frederic D. Fenton
 Name:Frederic D. Fenton
 Its:Authorized Signatory

 

 

 

 

TCV SPORTS, L.P.
  
   
 By:/s/ Frederic D. Fenton
 Name:Frederic D. Fenton
 Its:Authorized Signatory

 

TCV IX SPORTS CORP.
  
   
 By:/s/ Frederic D. Fenton
 Name:Frederic D. Fenton
 Its:Authorized Signatory

 

 

 

 

EXHIBIT

 

Exhibit  
   
Exhibit 99.1: Agreement of Joint Filing (filed herewith).
   
Exhibit 99.2: Statement Appointing Designated Filer and Authorized Signatories dated February 14, 2019 (incorporated by reference to Exhibit 99.2 to the Schedule 13G relating to the Ordinary Shares of Spotify Technology S.A. filed on February 14, 2019).