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Sports News Startup Nabs $7 Million

Ex-AOLer Jim Bankoff has secured $7 million in funding for SBNation, Kara Swisher at AllthingsD reports.

The sports news and blog startup combines over 200 local sports blogs under one banner. The site has between four and seven million unique visitors a month, according to Swisher.

The company currently employs 14 folks, if their web site is to be believed, and shares ad revenue with its bloggers, so the $7 million could spur some growth that would make a lot of people very happy.

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