Close Menu
The Politics
    What's Hot

    Texas County Flagged Need for Flood Alarm Months Before Tragedy

    July 10, 2025

    How automation is using the latest technology across various sectors

    July 10, 2025

    5 supplements those suffering from High Blood Pressure must avoid

    July 10, 2025
    Facebook X (Twitter) Instagram
    • Demos
    • Politics
    • Buy Now
    Facebook X (Twitter) Instagram
    The Politics
    Subscribe
    Thursday, July 10
    • Home
    • Breaking
    • World War
    • World
      • Africa
      • Americas
      • Asia Pacific
      • Europe
    • Sports
    • Politics
    • Business
    • Entertainment
    • Health
    • Tech
    • Weather
    The Politics
    Home»Business»How family offices bet on sports from fantasy apps to ski resorts
    Business

    How family offices bet on sports from fantasy apps to ski resorts

    Justin M. LarsonBy Justin M. LarsonJuly 10, 2025No Comments3 Mins Read
    Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
    Share
    Facebook Twitter Pinterest Email Copy Link


    Key Points

    • A third of investment firms of the ultra-rich have invested in sports, according to a new family office survey by BNY Mellon.
    • While billionaire sports-team buyouts get the headlines, family offices are increasingly investing in adjacent assets like live-viewing venues and betting apps.
    • Here’s how the family offices of ultra-rich sports team owners like David Blitzer and Dan Gilbert are spreading their bets.

    A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. 2025 has been a banner year for sports mergers and acquisitions. In June, billionaire and Guggenheim Partners CEO Mark Walter bought a majority stake in the Los Angeles Lakers at a record $10 billion valuation. That same month, Apollo’s Josh Harris and Blackstone’s David Blitzer picked up a new Philadelphia WNBA team for $250 million through their titular sports and entertainment company. While sports team ownership changes get most of the buzz, ultra-rich individuals and their private investment firms are taking multiple tacks to profit from the sports industry. BNY Mellon’s recent family office survey found that 33% of 282 respondents had invested in sports. BNY Mellon CIO Sinead Colton Grant told CNBC in June that family offices were increasingly investing in sports assets as an inflation hedge. Moreover, while larger family offices were more likely to have sizable equity stakes in teams, investors are also drawn to sports-related assets like merchandise and hospitality venues. “You’ve got media rights in addition to broader franchise interest. You’ve got real estate, like the broader complex around the stadium,” she said. “There are many strands that are coming together to provide that, that quasi-inflation hedge.” Investing in the picks and shovels of sports also comes with a lower barrier to entry. Betting on a strength-training app or buying a ski resort costs a fraction of what it takes to buy an equity stake in a multibillion-dollar sports team. While many family offices are agnostic when it comes to specific sports, the Chaifetz Group has built a pickleball portfolio. Launched by Richard Chaifetz, the founder of employee resource giant ComPsych, the Chicago-based family office not only owns pickleball team St. Louis Shock but also has invested in at least four pickleball-centric companies including Pickletile, a pickleball court construction company, and DUPR, which provides live ratings of pickleball matches. Billionaire Blitzer, the first person to own equity in all five major men’s U.S. sports leagues, has invested in a slew of sports startups this year including Fantasy Life, a sports betting media firm, and Ballers, a chain of social clubs for racket sports. Blitzer told CNBC in 2023 that sports teams hold their value due to limited supply, while yielding related investment opportunities. “They’re not making any more of them, and they’re growing,” he said at that year’s CNBC x Boardroom Game Plan summit. “They’re not just growing on their existing fan base. They’re creating new fans for creating new revenue streams.”



    Source link

    Related

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
    Justin M. Larson
    • Website

    Related Posts

    Business

    How automation is using the latest technology across various sectors

    July 10, 2025
    Business

    One, Big Beautiful Bill reinstates lower oil royalty rates, ends EV tax credits

    July 10, 2025
    Business

    Suns’ Devin Booker reportedly signs richest contract extension in NBA history

    July 10, 2025
    Business

    Tomato prices could increase as US deal with Mexico nears deadline

    July 10, 2025
    Business

    House GOP demands security review of Chinese drone maker DJI Technologies

    July 10, 2025
    Business

    Elon Musk says Grok AI coming to Tesla vehicles next week

    July 10, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    • Africa
    • Americas
    • Asia Pacific
    • Breaking
    • Business
    • Economy
    • Entertainment
    • Europe
    • Health
    • Politics
    • Politics
    • Sports
    • Tech
    • Top Featured
    • Trending Posts
    • Weather
    • World
    • World War
    Economy News

    Texas County Flagged Need for Flood Alarm Months Before Tragedy

    Justin M. LarsonJuly 10, 20250

    Kerr County repeatedly failed to secure a warning system, even as local officials remained aware…

    How automation is using the latest technology across various sectors

    July 10, 2025

    5 supplements those suffering from High Blood Pressure must avoid

    July 10, 2025
    Top Trending

    Texas County Flagged Need for Flood Alarm Months Before Tragedy

    Justin M. LarsonJuly 10, 20250

    Kerr County repeatedly failed to secure a warning system, even as local…

    How automation is using the latest technology across various sectors

    Justin M. LarsonJuly 10, 20250

    A majority of small businesses are using artificial intelligence and finding out…

    5 supplements those suffering from High Blood Pressure must avoid

    Justin M. LarsonJuly 10, 20250

    Caffeine is found naturally within coffee, tea, and multiple energy drink formulations.…

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    Advertisement
    Demo
    Editors Picks

    Review: Record Shares of Voters Turned Out for 2020 election

    January 11, 2021

    EU: ‘Addiction’ to Social Media Causing Conspiracy Theories

    January 11, 2021

    World’s Most Advanced Oil Rig Commissioned at ONGC Well

    January 11, 2021

    Melbourne: All Refugees Held in Hotel Detention to be Released

    January 11, 2021
    Latest Posts

    Queen Elizabeth the Last! Monarchy Faces Fresh Demand to be Axed

    January 20, 2021

    Review: Russia’s Putin Sets Out Conditions for Peace Talks with Ukraine

    January 20, 2021

    Review: Implications of San Francisco Govts’ Green-Light Nation’s First City-Run Public Bank

    January 20, 2021
    Advertisement
    Demo
    Editors Picks

    Texas County Flagged Need for Flood Alarm Months Before Tragedy

    July 10, 2025

    How automation is using the latest technology across various sectors

    July 10, 2025

    5 supplements those suffering from High Blood Pressure must avoid

    July 10, 2025

    Worcestershire v Birmingham Bears

    July 10, 2025
    Latest Posts

    Queen Elizabeth the Last! Monarchy Faces Fresh Demand to be Axed

    January 20, 2021

    Review: Russia’s Putin Sets Out Conditions for Peace Talks with Ukraine

    January 20, 2021

    Review: Implications of San Francisco Govts’ Green-Light Nation’s First City-Run Public Bank

    January 20, 2021
    Advertisement
    Demo
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • US Politics
    • EU Politics
    • Business
    • Opinions
    • Connections
    • Science

    Company

    • Information
    • Advertising
    • Classified Ads
    • Contact Info
    • Do Not Sell Data
    • GDPR Policy
    • Media Kits

    Services

    • Subscriptions
    • Customer Support
    • Bulk Packages
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 The Politics Designed by The Politics.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.