sports teams

7 statements across 5 episodes · 4 bullish · 1 bearish · 5 people on the record · first statement Nov 30, 2020 by Ben Reiter · across every show →

Everything said about sports teams, oldest first

Nov 30, 2020 neutral
Insight
Sports team equity appreciation accrues entirely and tax-free to franchise owners
“Sports teams like never go down in valuation and people never want to sell them. So The entirety of that valuation goes to the owner. That's not shared with anybody else who helped create the wealth. Like players don't get stock or equity in the franchises the…”
Ben Reiter Nov 30, 2020 ▶ 23:39 Ben Reiter – Over the Edge with the Houston Astros (Capital Allocators, EP.166)
Dec 6, 2021 positive
Opinion
Sports team minority stakes blend infrastructure, real estate, and growth equity
“It had a lack of correlation. It's really hard to find. It had attributes that looked a little bit like a blend of core infrastructure, core real estate, but also growth equity.”
Ian Charles Dec 6, 2021 ▶ 11:36 Ian Charles & Doc O'Connor – Investing in Sports Teams at Arctos Sports Partners (Capital Allocators, EP.225)
Dec 6, 2021
Assertion Supported
League-level revenue accounts for 40% to 80% of sports team economics
“Depending on the league, 40 to 80% of the economics for each team are generated at the league level.”
Ian Charles Dec 6, 2021 ▶ 46:00 Ian Charles & Doc O'Connor – Investing in Sports Teams at Arctos Sports Partners (Capital Allocators, EP.225)
Mar 23, 2023 negative
Disclosure
Why Velocity Capital Management refuses to invest directly in sports teams
“And we decided definitively we were not going to be investing in sports teams.”
David Abrams Mar 23, 2023 ▶ 31:51 David Abrams – Sports Ecosystem Investing at Velocity (Capital Allocators, EP. 303)
May 15, 2023 positive
Assertion Not checkable as stated
Lasry: Sports franchise lending offers ~20% loan-to-value ratios
“I think you can lend at around a 20% loan to value, which you can't find anywhere.”
Marc Lasry May 15, 2023 ▶ 50:38 Marc Lasry – Avenues of Opportunity (Capital Allocators, EP.315)
Nov 20, 2023 bullish
Prediction Didn’t hold up
Hutchinson: Arctos will add another 20 sports teams to its portfolio
“I'm confident we'll have another 20 teams in that portfolio.”
Chad Hutchinson Nov 20, 2023 ▶ 49:52 Chad Hutchinson – Professional Athlete to Professional Investor in Sports (EP.351)
Nov 20, 2023 positive
Assertion Supported
Hutchinson: Institutional investors can now own sports team IP for the first time
“The very first time institutions can own the IP of these teams, and there's so many adjacencies that we can go add value to and invest alongside.”
Chad Hutchinson Nov 20, 2023 ▶ 45:08 Chad Hutchinson – Professional Athlete to Professional Investor in Sports (EP.351)
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