Cannae Holdings Board Focuses on Shareholder Value via Black Knight Football

TL;DR

Cannae Holdings board is investing in Black Knight Football to boost shareholder value.

AI Summary

Cannae Holdings, Inc. filed a DEFA14A, indicating it is providing definitive additional materials related to its proxy statement. The filing highlights the company's board activities, specifically mentioning "Cannae Board Generating Shareholder Value Through Investments in Black Knight Football." This suggests a focus on strategic investments and their impact on shareholder returns.

Why It Matters

This filing signals that Cannae Holdings is actively communicating its strategic investment decisions, particularly concerning "Black Knight Football," to shareholders, emphasizing the board's role in driving value.

Risk Assessment

Risk Level: low — The filing is a standard proxy statement update and does not contain immediate financial risks or significant negative news.

Key Players & Entities

• Cannae Holdings, Inc. (company) — Registrant
• Black Knight Football Club (company) — Investment focus

FAQ

Key Financial Figures

• $249 million — financial results. Cannae has invested $249 million into Black Knight Football to date and
• $630 million — ble Football Clubs, with a valuation of $630 million based on the 2023/24 season revenues. P

Filing Documents

• d825389ddefa14a.htm (DEFA14A) — 15KB
• g825389g01k01.jpg (GRAPHIC) — 511KB
• g825389g02k02.jpg (GRAPHIC) — 403KB
• g825389g03k03.jpg (GRAPHIC) — 804KB
• g825389g04k04.jpg (GRAPHIC) — 409KB
• 0001193125-25-310915.txt ( ) — 2945KB

From the Filing

DEFA14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Securities Exchange Act of 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material under 240.14a-12 Cannae Holdings, Inc. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply): No fee required Fee paid previously with preliminary materials Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 Case Study: Cannae Board Generating Shareholder Value Through Investments in Black Knight Football Black Knight Football Club Sports and sports teams are quickly evolving into an institutional asset class with significant demand given the industry's demonstrated ability to generate long-term, outsized returns. Cannae invested in Black Knight Football (BKFC) in 2022, with the long-term strategy to build a global network of world-class football clubs, players, and real estate assets that will produce operational synergies, accelerate player development, and enable efficient player migration across BKFC's network of owned and operated clubs, while driving strong on-field and financial results. Cannae has invested $249 million into Black Knight Football to date and holds an ownership position of approximately 45%. BKFC is a leading multi-club owner of a portfolio of European football assets, having acquired 100% ownership of AFC Bournemouth (Bournemouth) of the English Premier League in December 2022, and a significant minority stake in FC Lorient (Lorient) in 2023, with the right to take full Portugal (Primeira Liga), which is known for its elite domestic talent and strong track record of developing world-class players. Success at AFC Bournemouth Our ownership of Bournemouth and the success of the club demonstrates our Board and management team's influence and ability to create value at Cannae's portfolio companies. BKFC acquired Bournemouth in December 2022, and Cannae Board and management began a significant strategic initiative to increase value. The plan included improving executive talent (hired President of Business Operations and President of Football), investing in players, focusing on improving commercial operations and building infrastructure. This plan has delivered significant results as outlined below. Additionally, earlier this year, Sportico announced the club's inclusion in the annual list of the World's 50 Most Valuable Football Clubs, with a valuation of $630 million based on the 2023/24 season revenues. Premier League Finish 2022/23 2023/24 2024/25 15th 12th 9th Points 2022/23 2023/24 2024/25 39 48 56 Wins 2022/23 2023/24 2024/25 11 13 15 Turnover (in 000's of GBP) 2022/23 2023/24 2024/25 £140,983 £160,792 £181,716 Investing in Infrastructure to Drive Growth We have invested significantly in infrastructure at Bournemouth to position the team for continued long-term growth. Earlier this year, Black Knight Football purchased Vitality Stadium, Bournemouth's home since 1910, and initiated a two-phase expansion plan, which will increase capacity from 11,300 seats to over 20,000 seats. This expansion will further enhance the revenue growth potential of the club. We also opened Bournemouth's state-of- the-art training facility in April 2025, which builds on the club's brand and ambition, and is a significant marketing tool for players. Rendering of renovated Vitality Stadium Rendering of Bournemouth Performance Centre Your Vote is Important! Please simply discard any gold proxy card you may receive from Carronade. Vote on the enclosed universal WHITE proxy card to vote "FOR" ONLY the four company nominees, using one of the following options: Online Locate your control number on your enclosed WHITE proxy card, visit the website listed and follow the instructions. Phone If available, dial the 24/7 toll-free telephone number shown on your enclosed WHITE proxy card and follow the instructions. QR Code If available, scan the QR code on your enclosed proxy material with your mobile device and follow the instructions. Mail Mark, sign, and date your enclosed WHITE proxy card and return it in the prepaid envelope provided. If you have any questions, please call the firm assisting us with the solicitation of proxies: INNISFREE M&A INCORPORATED +1 (877) 750-0637 (toll-free from the U.S. and Canada) or +1 (412) 232-3651 (from other countries) Forward-Looking Statements and Risk Factors This communication includes forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are not

View Full Filing

View this DEFA14A filing on SEC EDGAR