Sports Turns Into Private Equity Playground:
NEW YORK (TheStreet) -- After taking on Corporate America, private equity firms are set to storm the gate of sports teams as owning a sports team becomes less of a pastime for the mega rich.
Already, a flurry of team sales to private equity titans shows an increasing interest by buyout investors in the sports world. With a flurry of changes of ownership in the NBA to go with the bankruptcy sale of the Los Angeles Dodgers and the New York Mets woes luring financiers, the question is whether sports teams will be seen as bona-fide investment.
Barbarians are at the ticket gate of a stadium near you
Watch for a resolution to the bankruptcy sale of the L.A. Dodgers and the sale of the NHL's St. Louis Blues as a leading indicators on how investment firms will enter the sports ownership fray for what they see as return or cash generating assets. That would be counter to the traditional reason for owning a team: fan-fever, social graces or simple vanity.
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NEW YORK (TheStreet) -- After taking on Corporate America, private equity firms are set to storm the gate of sports teams as owning a sports team becomes less of a pastime for the mega rich.
Already, a flurry of team sales to private equity titans shows an increasing interest by buyout investors in the sports world. With a flurry of changes of ownership in the NBA to go with the bankruptcy sale of the Los Angeles Dodgers and the New York Mets woes luring financiers, the question is whether sports teams will be seen as bona-fide investment.
Barbarians are at the ticket gate of a stadium near you
Watch for a resolution to the bankruptcy sale of the L.A. Dodgers and the sale of the NHL's St. Louis Blues as a leading indicators on how investment firms will enter the sports ownership fray for what they see as return or cash generating assets. That would be counter to the traditional reason for owning a team: fan-fever, social graces or simple vanity.
...
Click to view a price quote on MSG.
Click to research the Media industry.
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