Private equity reshaping sports ownership
Other - APRIL 23, 2024

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Private equity reshaping sports ownership

by Andrea Zander

Sports team ownership is undergoing a significant transformation, with private equity firms like Arctos and RedBird actively pursuing minority stakes in various franchises, according to a D Magazine article by Ben Swanger, the managing editor for D CEO.

Private equity's entry into sports ownership is marked by notable success stories, such as Arctos' stake in the Golden State Warriors and RedBird's acquisition of AC Milan and involvement with the Boston Red Sox.

However, not all are convinced that sports teams should be classified as a traditional asset class.

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