Spire Capital invested in Professional Bull Riders in April 2007. Under Spire Capital's management, Professional Bull Riders was the leading major league sports franchise for bull riding in the world. The Professional Bull Riders was founded in 1992 by 20 accomplished bull riders who joined together and took a business risk to try and make bull riding – the most popular event in traditional rodeo – into a stand-alone sport. Each rider chipped in $1,000 to help launch his dream of someday seeing bull riders recognized as mainstream professional athletes. Professional Bull Riders has reached over 1,200 bull riders competing in more than 300 sanctioned competitions in the United States, Australia, Brazil, Canada, and Mexico. Spire Capital exited the investment in Professional Bull Riders in May 2015 to WME/IMG.
- Date of Initial Investment: 4/23/2007
- Status: Exited to WME/IMG in May 2015
- Type of investment: Fund II