Yes, you can literally buy a hunk of some of your favourite sports teams or leagues. It might not be a big portion, but not only might the investment pay off in the long run, the feeling of being an ‘owner’ of your preferred club has to feel pretty cool.
It’s better than owning an NFT photo of the your favourite team’s head coach.
You can also buy a portion of a mini-sports industry, like World Wrestling Entertainment, more commonly known as WWE. That’s the brand and the symbol. It’s a stock, just like Ford or General Electric, and as of the end of May one can pick up a share on the New York Stock Exchange for about 67-bucks US.
Not into wrestling? Doesn’t matter. Check the market cap, the cash flow and the recent revenues and you may find yourself wanting to fly off a turnbuckle.
Into wrestling? Then you’ll definitely want to keep an eye on an Equity.Guru related project, Nation Extreme Wrestling or NEW. This thing has been so successful in the first year in British Columbia, and it hasn’t even been a full year yet, that the co-founder Chris Parry is suggesting that some type of initial public offering (an IPO) isn’t out of the question down the road. The biz is growing.
If you followed the UEFA Champions League closely and were tantalized by Saturday’s league final between Liverpool and Real Madrid, keep in mind there are major futbol (soccer) clubs out there with stock available. If you’re crazy about the Premiere League why not buy a hunk of Manchester United.
Man’ United’s stock finished on an uptick coming out of business on Friday, May 27th with a share price close to 13-dollars. It trades on the New York Stock Exchange under the symbol MANU. Just think, in a way, you’d be Cristiano Ronaldo’s boss.
You could also own a hunk of Auston Matthews of the Toronto Maple Leafs, the NHL’s leading goal scorer. Or his teammates Mitch Marner, or Jack Campbell, and there’s more than one way to get a piece. Oddly enough, Maple Leaf Sports and Entertainment, the umbrella organization that owns the Leafs, the Toronto Raptors of the NBA, and the American Hockey League’s Toronto Marlies, are split 50/50 in ownership by Bell (BCE.T) and Rogers (RCI-B.T), the giant telecommunications/tech companies both listed on the Toronto Exchange.
So theoretically, by buying stock in either one of those behemoths, you’re also picking up a very small piece of your (least) favourite NHL team. Ready to fire the coach or the GM yet? Hey, make a decision! The more stock you buy, the more you can legitimately complain … hypothetically.
If you prefer a different ‘Original Six’ entity, snag a piece of the New York Rangers by buying stock in the Madison Square Garden Sports Corporation (MSGS) another one on the New York exchange.
There’s more to Churchill Downs than just the Kentucky Derby horse race. The umbrella company owns all kinds of properties and has diversified. Churchill Downs Inc. (CHDN) on NASDAQ.
There are of course equipment and apparel options in the sporting world, but that’s not as much fun as owning a hockey team or a race track. If you’re more into the tech space, Equity.Guru’s Joseph Morton has an article bopping around on the site related to that side of it, as in ESports and wagering technologies. You’ll also find a lively “Investor Roundtable” video on the sports investment realm, that expands on some of the topics I’ve mentioned here, and propels a real feeling for some of the passion that drives fans/stock holders.
