Sports franchises are legal monopolies with call options on ancillary businesses
Doc O'Connor · Ian Charles & Doc O'Connor – Investing in Sports Teams at Arctos Sports Partners (Capital Allocators, EP.225) · Dec 6, 2021 · at 24:22
Doc O'Connor, co-founder of Arctos Sports Partners, explains the multi-asset platform acquired when investing in professional sports franchises.
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“These are legal monopolies that exist inside and have geographic exclusivity in most cases, except those cities where there's more than one franchise in a given league, but they're given very clear geographic parameters within which to operate, and it gives an owner essentially a call option on a host of ancillary businesses from media, To real estate, to hospitality, and so forth.”
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