cover of episode Investing in Sports: The Next Trillion Dollar Market?

Investing in Sports: The Next Trillion Dollar Market?

2024/11/15
logo of podcast Goldman Sachs Exchanges

Goldman Sachs Exchanges

Chapters

The episode explores the shift in sports team ownership from personal investments to institutional capital, highlighting the changes in NFL ownership rules and the increasing valuations of sports teams.
  • Institutional capital like hedge funds and private equity firms were initially not allowed to buy sports teams.
  • The NFL was restrictive in allowing only a certain number of owners per team.
  • Sports team valuations have tripled in the last ten years, requiring more capital for investment.

Shownotes Transcript

The sports ecosystem has exploded as an area of investment, with professional leagues loosening rules on private equity ownership, the value of media rights deals skyrocketing, and the many sports-adjacent businesses taking on new dimensions. In the first episode of a four-part series on the changing dynamics in the business of sports, host Nicole Pullen Ross speaks to Apollo Co-Founder Josh Harris about what it means to own and run professional sports teams in the NBA, NHL, NFL, and English Premier League. She’ll also discuss the scale of the investment opportunity in sports with Dave Dase, Global Co-Head of Sports Investment Banking, and Elis Jones, Head of Sports Investment Banking for EMEA. Nicole Pullen Ross is Head of Sports and Entertainment for Goldman Sachs Private Wealth Management. She is also Head of the Private Wealth Management business for the New York region at Goldman Sachs.