While it is rare for sports franchises to be publicly traded entities, it is not new. In fact, several sports franchises are publicly traded in some manner. So here is a list of some professional sports teams you can invest in:
While it is rare for sports franchises to be publicly traded entities, the concept is not entirely new. Take Manchester United MANU, +1.68%, for example, which has seen its shares rise recently as billionaires throw their hats in the ring to take over the iconic English soccer club. First, Tesla TSLA CEO Elon Musk joked about purchasing Manchester United, before British billionaire and Ineos CEO Sir Jim Ratcliffe told MarketWatch that he is interested in buying the beloved football club.
The stock opened at $14 a share and has seen modest losses since then, trading at above $13.94 per share as of Thursday. Because both the Knicks and Rangers have been part of larger holdings from Cablevision and subsequently Madison Square Garden over the years, it would not be possible to get relevant data on how the Knicks and Rangers have performed over time.
Juventus FC The most successful club in Italy’s Serie A soccer league has been listed on the Borsa Italiana stock exchange since 2001. The Braves are now included in a holding called Liberty Braves Group BATRK, +0.86%. It’s not just a stock that tracks the finances of the baseball team, however — the real estate developments around the Atlanta Braves stadium, called Battery Atlanta, are also included in the holdings.
While the team does refer to these as “common stocks”, owners do not have the rights of typical common stocks owners. The stock pays no dividends, cannot be traded and has no securities law protection.
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