RMG ML Sports Holdings is a special purpose acquisition company (SPAC) formed to execute a merger, asset acquisition, or similar business combination with one or more private businesses. The company provides a target entity with an alternative path to the public markets compared to a traditional initial public offering. While the company may pursue a target in any industry, management intends to focus on the global sports sector and adjacent markets, such as entertainment, eSports, gaming, music publishing, and stadium-related real estate development. RMG ML Sports Holdings is led by executives from Riverside Management Group, a merchant bank with experience advising on sports transactions and football club acquisitions. The business model involves holding capital raised from investors in a trust account until a deal is closed. If RMG ML Sports Holdings does not finalize an acquisition within a designated period, the company will liquidate and return the capital to its shareholders. The company’s sponsor is economically incentivized to complete a transaction because its founder shares carry a significantly lower cost basis than the shares held by public investors. Several members of the management team simultaneously serve as officers for other SPACs, which may create conflicts of interest when identifying and pursuing potential acquisition targets.