Veteran media executive Levy joins The Raine Group

David Levy has joined global merchant bank The Raine Group has a senior advisor, providing the veteran media executive a new landing spot after an short-lived stint last fall with the National Basketball Association’s Brooklyn Nets and owner Joe Tsai’s J Tsai Sports.

Levy, who spent 33 years at US broadcaster Turner building it into one of the top brands in American cable television, was hired by Tsai in September to serve as chief executive of the Nets and Barclays Center, and president of J Tsai Sports, Tsai’s sports investment and holding vehicle. But just 55 days later, Levy stepped away by mutual agreement, and later disclosed “it just wasn’t the job I signed up for.”

In his new role, Levy will work with Raine on “identifying and executing investment and advisory opportunities.” He will be based in New York.

“David’s history of innovation, execution, and successful investing in the space, along with his strong track record in digital media and new business models, will help Raine remain on the cutting edge in this new chapter in our industries,” said Joe Ravitch, The Raine Group co-founder.

The Raine Group’s investments over the years have include DraftKings, the Premier Lacrosse League, and Thrill One Entertainment, among others. The firm has also advised on a wide variety of major deals, including Endeavor’s acquisition of On Location Experiences, and aiding Fifa to create an expanded 24-team Club World Cup.

“David is a legendary figure in sports and media who brings a creative, forward-thinking approach to opportunities and problem solving,” said Colin Neville, The Raine Group partner who runs the firm’s sports practice.