Welcome back Tom Brady! 🏈🐐 After 40 days of retirement from the NFL, you’ve been missed. Legendary players like Tom Brady are great for professional sports. That’s because teams make money by getting bums on stadium seats and selling merch, and broadcasting and sponsorship deals from big players like Nike (NKE), and Callaway Golf (ELY). But because team profits can be closely tied to wins and losses, investing in a sports team can seem a lot like placing a bet. Injuries, scandals and, yep, shock un-retirements can lead to an unpredictable business.
Still, it’s weird that so many teams end up being owned by eccentric billionaires, not fans. Controversial hedge fund manager Steven Cohen owns the New York Mets Major League Baseball team, SPAC peddler Chamath Palihapitiya of Social Capital owns a stake in the Golden State Warriors basketball team, and word from the locker room is Citadel CEO (and meme investor nemesis) Ken Griffin is considering buying English Premier League team Chelsea after Roman Abramovich put up the For Sale sign. ⚽
But for regular sports fans, a couple of sports teams are listed on the US share markets. One of the biggest is the English Premier League team Manchester United FC (MANU). Despite a decorated history of 20 Premier League titles, the Red Devils have struggled more recently and haven’t hoisted the trophy for almost a decade. 👹 If baseball (or just... winning) is more your style, Major League Baseball team, current World Series champs, Atlanta Braves based in Atlanta, Georgia is listed as a tracking stock as part of Liberty Braves Group (BATRA), which also has investments in real estate development. For basketball fans, the New York Knicks, along with the New York Rangers ice hockey team are owned by Madison Square Garden Company (MSGS). Fans may yet have their hat in the ring.