Just in case we needed more signs of the rise of institutional investments in global sports.
J.P. Morgan has created a new âsports investment banking coverage groupâ which will offer advisory and financing solutions for activities like investing in sports franchises to clients globally.
Fred Turpin, J.P. Morganâs Global head of Media and Communications Investment Banking: âWith top sports franchises in the US and Europe now valued at more than $400 billion in total, sports have become an increasingly large asset class, attracting more and more institutional investors.â
Last September, Goldman Sachs announced that they were creating a global sports franchise division to address growing interest in sports team investment.
Source: Reuters
J.P. Morgan has created a new âsports investment banking coverage groupâ which will offer advisory and financing solutions for activities like investing in sports franchises to clients globally.
Fred Turpin, J.P. Morganâs Global head of Media and Communications Investment Banking: âWith top sports franchises in the US and Europe now valued at more than $400 billion in total, sports have become an increasingly large asset class, attracting more and more institutional investors.â
Last September, Goldman Sachs announced that they were creating a global sports franchise division to address growing interest in sports team investment.
Source: Reuters
