Hi, and welcome back to Semafor Business.
Thursday’s newsletter is coming to you a day early because the story I brought you yesterday — about the money behind the mysterious firm buying up global sports teams — is getting wild, fast. Read below for the scoop on exactly what 777 Partners did with $1.5 billion of its insurance customers’ cash.
This story feels like it’s just getting going, so send me tips!
Plus, Vivek Ramaswamy’s investment fund (now sans Ramaswamy himself, who’s been busy duking it out with rivals for the Republican presidential nomination) criticized Starbucks over its China strategy in a private letter this week. Scoop below.