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Why Private Equity Cannot Get Enough of Pro Sports
The Los Angeles Lakers are being sold for $12.5 billion only a year after changing hands for $10 billion, illustrating why private equity firms and sovereign wealth funds are increasingly drawn to professional sports.
Chuck Zodda and Mike Armstrong explain how scarcity, rising global wealth, and soaring franchise values have transformed sports teams into assets that few individual buyers can afford. They also discuss why watching sports has become more expensive and frustrating as games spread across an growing number of streaming platforms, and Susan Powers joins the show to explain key…
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