Investing in Global Sports: Creating Value While Building Dynasties

Gerry Cardinale - Founder and Managing Partner, RedBird Capital Partners
Steve Pagliuca - Senior Advisor, Bain Capital | Managing General Partner and Co-Owner, Boston Celtics
Mitch Lasky - Partner, Benchmark | Co-owner, LAFC
Saj Cherian (moderator) - Chief of Staff and Head of Fanatics Ventures, Fanatics

 

Global investment in sports teams has boomed in recent years across continents, sports, and levels, especially as institutional capital has become an increasing driver of team valuations and the sports landscape writ large. Sports-specific funds are popping up and raising funds of ever-increasing sizes, while more generalist institutional funds have increasingly turned to sports as a key investment pillar. With more money flowing in than ever before, valuations have ballooned despite a challenging macroeconomic environment. The last year has seen record franchise and club sales in the NFL, NBA, Premier League, and Serie A. Listen in as some of the most prominent sports investors and owners dig into the logic behind their investment theses, how they make specific investment decisions, and where investment in global sports is going.