Trends in Sports Investment

By Steve Argeris, Christopher Weigand, Katy Raffensperger, and Brandon Leppke, of Hogan Lovells A confluence of market and regulatory factors has made now the prime time for new and creative investment structures for investments in U.S. sports franchises, long an illiquid asset class available only to wealthy individuals or groups of wealthy investors, and “sports-adjacent” businesses, as private equity firms and special purpose acquisition companies (“SPACs”) jump at new opportunitie