cover of episode Private Equity in the NFL? & Gen Z Loves Their Sick Days

Private Equity in the NFL? & Gen Z Loves Their Sick Days

2024/8/27
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Neil Freiman和Toby Howell讨论了NFL允许私募股权公司投资球队所有权的投票结果，这是美国主要体育联盟中最后一家允许此举的联盟。他们分析了导致这一决定的因素，包括球队估值过高导致的流动性危机以及私募股权公司寻求高回报投资的意愿。他们还讨论了哪些球队可能会首先寻求私募股权投资，以及此举对NFL未来发展的影响。 两位主持人深入探讨了NFL球队估值飙升的原因，以及这如何导致现有球队所有者难以出售其股份。他们解释说，引入私募股权投资者可以解决流动性问题，并为球队升级和新球场建设提供资金。此外，他们还分析了私募股权公司对NFL投资的动机，包括NFL作为电视转播权的巨大价值以及其投资回报率的稳定性。

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The NFL is expected to allow private equity firms to take minority stakes in teams, marking a shift in ownership rules. This move aims to address liquidity issues stemming from soaring team valuations, which have tripled in recent years. Private equity firms are drawn to the NFL's outsized returns and non-correlated asset status, potentially making teams like the Bills and Chargers early targets for investment.
  • NFL teams are becoming too expensive for even the wealthiest individuals to buy outright.
  • Private equity firms could inject much-needed liquidity into the NFL.
  • The NFL's media broadcast rights deal is worth over $110 billion over 11 years.
  • Several PE firms already have experience investing in other major sports leagues.

Shownotes Transcript

Episode 396: Neal and Toby discuss the NFL owners’ vote that could be allowing private equity firms take ownership of teams, the last major sports league to do so in the US. Then, Philadelphia is going against the national trend in evictions. Houston has hit a major roadblock in their push for a car-less commute. NYC is struggling with rising fare evasion that’s hurting the MTA’s budget. Next, a wildly popular Chinese video game is met with a gamer controversy that centers around free speech. Meanwhile, why Gen Z is taking sick days more than any other generation. Lastly, the iconic Mister Softee ice cream truck is dwindling as competition heats up. 

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00:00 - Oasis coming back

02:30 - NFL warms up to private equity

08:30 - Philly is bucking eviction trend

11:15 - Houston’s hard to change habit on cars

13:30 - NYC’s fare evasion is hurting buses

17:45 - ‘Black Myth: Wukong’ divides the internet

21:15 - Toby’s Trends: Gen Z sick days

24:15 - Mister Softee is falling behind

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