Three years ago, only 6% of billionaires had controlling stakes in sports teams. Now, that share has jumped to 20%.
Forget typical old-money investments like art auctions and vintage cars. Today’s billionaires are pouring their money into their favorite sports teams instead—and turning them into serious investment plays.
Twenty percent of billionaire families own controlling stakes in sports teams, up from 6% in 2022, per a new J.P. Morgan survey.
Half of family offices have invested in sports or would like to, per a new Goldman Sachs survey.
The Lakers’ record sale underscores how owning elite sports franchises is increasingly beyond even the wealthiest individuals,…
The venture capital firm has small stakes in the Buffalo Bills and Los Angeles Chargers and will swing for bigger returns with…
"When you think about IPOs and sports assets being public so far, they've been valued more highly as private assets," Harris said…
The private investment firms of Leon Cooperman and the Walton family disclosed bold stock buys last quarter.
