Investing in the Future of Sports

As Los Angeles fires continue, LA sports teams have partnered with Fanatics to contribute to the LA Fire Department Foundation and the American Red Cross. 100% of the proceeds from the “LA Strong” team-branded t-shirts will be donated; it’s part of Fanatics CEO Michael Rubin’s plan to support those affected by the devastation. CNBC’s Contessa Brewer offers insight on the efforts to rebuild from her location on the ground in LA. Billionaire investor Marc Lasry is doubling down on his sports investing strategy. He says, while he’s seeing debt financing opportunities in Northern Europe, he’s excited about the returns on sports leagues, especially women’s teams. After buying and selling the Milwaukee Bucks and investing in pickleball, Lasry says he has the cheat code for a successful sports investment. Plus, Meta’s Mark Zuckerberg criticized Apple in a recent interview with Joe Rogan. 

Marc Lasry - 14:26

Contessa Brewer - 32:40

Michael Rubin - 38:55

In this episode:

Contessa Brewer, @contessabrewer

Joe Kernen, @JoeSquawk

Becky Quick, @BeckyQuick

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer, @Kramer_Katie