Aug. 3 at 10:08 PM
$SRAD CEO: "Well, with respect to the [April] short seller reports, our Audit Committee with the assistance of our legal counsel... reviewed the allegations, and they determined that the short seller reports present a misleading narrative and that Sportradar has had in place rigorous compliance framework and contractual protections to seek and ensure that the products which are used by our customers are in compliance with the applicable laws...
The second thing for the regulators, we received various regulatory approvals in the last couple of weeks for both the betting and the iGaming space all over the place in the U.S., but also in the rest of the world. And for the third one, the largest and most renowned sports organizations like, for example, Wimbledon or the German DFB, which is the Cup organization, gave us their rights. So that shows you that on every level, we have a high respect in the market, and we did our job and the Audit Committee did the job in a diligent way."
