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Gary Lineker’s firm backs Invisible Media & Backyard Cricket

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Gary Lineker's firm backs Invisible Media & Backyard Cricket

Goalhanger, the production house behind some of Britain’s most successful podcasts, has formally moved into the venture business.

The company has unveiled Goalhanger Ventures, a new investment and partnerships arm designed to back creator-led media businesses with credible plans to scale across video, audio, social, live and commercial channels.

The unit launches with two opening moves: an equity investment in Invisible Media, the company behind the rapidly expanding digital platform The Invisible Hand, and a commercial partnership with Backyard Cricket, the Yorkshire-born sports content brand built by brothers James and Mark Wood.

The strategy reads as a natural extension of Goalhanger’s record-breaking run in podcasting, which has produced The Rest Is Politics, The Rest Is History and The Rest Is Football. With Ventures, the business is signalling that the next chapter is platform-agnostic, and increasingly weighted towards founders building serious audiences on YouTube and social video.

Backing The Invisible Hand

The first cheque has gone to Invisible Media, founded by Charlie Tymon. The Invisible Hand has carved out an unusual niche, using crisp, visually-driven storytelling to make economics, geopolitics, business and culture digestible for younger audiences. New formats are already in the pipeline, including The Invisible Game, which lifts the lid on the hidden economics behind everyday decisions.

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That positioning matters commercially. According to Oxford Economics, YouTube’s creative ecosystem contributed more than £2bn to UK GDP in recent years and supports tens of thousands of full-time equivalent jobs — a market in which intelligent, format-led creators are now a credible alternative to traditional broadcast economics.

Tymon framed the deal as an acceleration rather than a pivot. “Goalhanger has built a strong track record of bringing together audiences around intelligent, accessible conversation across politics, history and entertainment,” he said. “With The Invisible Hand, we’ve already shown that younger UK audiences are engaging at scale with content about macroeconomics, business and geopolitics — proving there is a real appetite for serious ideas when they are delivered with clarity, energy and purpose. Through this investment, we’ll be able to draw on Goalhanger’s expertise in building, scaling and monetising industry-leading IP as we grow a brilliantly aligned, YouTube-first business with huge potential.”

From garden cricket to global brand

The second deal is, on the face of it, a very different proposition. Backyard Cricket began as a lockdown project, with James and Mark Wood filming irreverent garden cricket videos in Yorkshire. It has since become one of the most distinctive emerging sports creator brands in the UK, with the pair travelling internationally to make content that fuses humour, personality and a clear love of the game.

Goalhanger will provide funding and strategic support to scale production, longer-form video, sponsorship, commercial partnerships and merchandise, with both parties sharing in the upside.

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Navid Behroozi, Executive Producer at Backyard Cricket, put the rationale bluntly. “James and Mark have already done the hardest part: they have earned a huge amount of attention by making cricket feel fun, personal and culturally relevant online. Our job now is to help turn that momentum into a more sustainable business around the content. By giving them more production support and helping open up new commercial opportunities, we can let them spend more time doing what their audience comes for — creating brilliant cricket entertainment.”

The founders themselves remain refreshingly unfussed. “Backyard Cricket started with us playing in the garden, arguing over close calls and sending decisions upstairs for DRS,” James and Mark Wood said in a joint statement. “It was never meant to be too serious, but we’ve always taken the cricket seriously. The last few years have been mad for the channel, and it’s been brilliant seeing how far the game travels. Working with Goalhanger gives us the chance to build on that and keep growing Backyard Cricket even further.”

Why this matters for the wider market

Goalhanger Ventures arrives at a pivotal moment. Social media creators are on track to eclipse traditional media in global ad revenue, and incumbents are scrambling to adjust, with even the BBC striking a landmark deal to produce original shows for YouTube. The infrastructure gap between a fast-growing channel and a properly run media business has, for many independent creators, been the single biggest brake on growth.

That gap is precisely what Ventures is being designed to fill. The arm extends the work begun in January by The Accelerator, Goalhanger’s training and mentorship programme for creators looking to graduate from short-form to longer-form IP, and was first flagged by trade press including Press Gazette when Goalhanger took on its own outside capital from The Chernin Group earlier this year.

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Co-founder Jack Davenport said the philosophy is one of careful scaling rather than corporate absorption. “Goalhanger Ventures is about giving exceptional creator-led businesses the infrastructure to grow without losing what made them special in the first place. Invisible Media and Backyard Cricket are very different propositions, but they both have that rare combination of editorial clarity, audience trust and genuine momentum. Our role is to help them scale thoughtfully, commercially and creatively, while protecting the independence, personality and quality that their communities already respond to.”

For Britain’s SME creator economy, where most of the country’s most-watched faces still run lean, founder-led businesses, Goalhanger Ventures may yet prove one of the more meaningful answers to the question of what comes after virality.


Amy Ingham

Amy is a newly qualified journalist specialising in business journalism at Business Matters with responsibility for news content for what is now the UK’s largest print and online source of current business news.

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War-wary, May equity MF inflows fall 40% to year low

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War-wary, May equity MF inflows fall 40% to year low
Equity mutual fund inflows fell in May, dropping 40% to a 12-month low as investors scaled back fresh lumpsum allocations amid growing concerns over the fallout of the West Asia conflict. About 22,908 crore flowed into such schemes in May, down from 38,440 crore in April, marking the steepest monthly decline since May 2023, according to data from the Association of Mutual Funds in India (AMFI).

Monthly flows through systematic investment plans (SIPs), the MF industry’s mainstay, stood at 30,954 crore, marginally lower than April’s 31,115 crore.

War-wary, May Equity MF Inflows Fall 40% to Yr LowET Bureau

Slide most for a month in 3 years as fresh lumpsum payments down; SIPs only tad lower than March high

Sensitive to Sentiment
It marks the second straight month of lower contributions. The SIP book hit an all-time high of 32,087 crore in March.

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Total assets under management eased to 81.58 lakh crore at the end of May, compared with 81.92 lakh crore in April.


Market participants attributed the slowdown in inflows to heightened geopolitical uncertainty and volatility.
“Concerns over global developments, particularly tensions in the Middle East and fluctuating crude oil prices, have led many investors to adopt a wait-and-watch approach rather than make fresh allocations,” said Ankur Punj, managing director, Equirus Wealth.Investors deferred their lumpsum investments into equity mutual funds as elevated crude oil prices, a weakening rupee and intermittent market corrections have dented near-term visibility. Unlike SIPs, lumpsum investments are more sensitive to sentiment, with investors choosing to time their entry rather than commit capital amid heightened volatility.

The Nifty declined more than 2% in May, with crude prices hovering around the $100-a-barrel mark, adding to inflation concerns.

Among equity categories, flexi-cap funds saw the highest inflows at 5,176 crore, though this was 49% lower than April levels. Small-cap and mid-cap funds attracted 4,946 crore and Rs 4,385 crore, respectively, with inflows down 33% and 28%, in that order.

In contrast, gold exchange-traded funds (ETFs) saw net outflows of 725 crore in May, the first monthly outflow in 13 months, following a steady moderation in inflows through the year after record subscriptions earlier in 2026.

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Debt mutual funds witnessed a reversal, recording net outflows of 96,949 crore in May, compared with inflows of 2.47 lakh crore in April, making them the primary drag on overall industry flows.

“Over 70% of the outflows came from the shorter end of the curve, particularly from three categories — liquid, money market and overnight funds — which could be attributed to seasonality of corporate treasury management and tax cycles,” said Sanjay Agarwal, senior director, CareEdge Ratings.

Hybrid funds saw inflows moderate to 10,560 crore from 20,565 crore in April, while new fund launches remained muted. The industry saw 13 new fund offers in May, which collectively mobilised 471 crore, nearly half the amount raised in the previous month.

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SpaceX IPO a bid too far? Some opt for a proxy play with Inox India

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SpaceX IPO a bid too far? Some opt for a proxy play with Inox India
Shares of Inox India were among the top gainers Wednesday, after reports of massive oversubscription in the initial public offering of US-based SpaceX drew attention of Indian investors to what could be its local equipment supplier.

Inox India shares ended at 1,891.60 on the NSE Wednesday, up 12.15%. The benchmark Nifty50 closed 0.1% lower.

“The strong response to the SpaceX IPO has drawn attention to Inox India, one of the few Indian companies operating in a related segment and supplying equipment to the space ecosystem,” said Gaurav Sharma, head of research at Globe Capital Market.

SpaceX is reportedly targeting a valuation of $1.7-1.8 trillion.

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SpaceX IPO a Bid Too Far? Some Opt for a Proxy Play with Inox IndiaET Bureau

Co shares surge over 12%, Nifty flat

Investor interest is also being supported by the company’s strong operational performance, with revenue and gross profit expanding over 120% year-on-year, reinforcing confidence in its growth prospects, Sharma said.
In its earnings call after fourth-quarter results, the chief executive Deepak Acharya said, “During Q4, we received a significant aerospace order from a leading US-based private space company with a total order value of approximately 200 crore. We are expecting more high-value orders in Q1 FY 27.”
Sunny Agrawal, head of research at SBI Securities, said there is significant activity in Inox India ahead of the SpaceX listing, and the company is also expanding into segments such as data centres, nitrogen supply and distillery kegs, which support its growth outlook.
But doubts remain about how much more can its shares gain.

“Management has guided for 15-20% growth per year, and after the recent rally, the stock is trading at a relatively rich valuation of about 56 times one-year forward earnings,” said Agrawal. “Investors may consider waiting for a correction before fresh entry, as some profit-taking and a cooling-off in the stock could follow once SpaceX gets listed.”

Shares of Inox India rose 26% in the past week and are over 67% up in 2026 so far. The Nifty50 fell 0.8% in the past week and 11.2% year-to-date.

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Sharma said as the stock has already shot up in the past few days, he would suggest investors to wait for a dip towards 1,700 to take fresh entry and look for targets close to 2,000 and beyond, while maintaining stop-loss below 1,550 for a trading position.

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