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2min chapter
Institutional investors take to the pitch
Behind the Money
The Pros and Cons of Private Capital in Sports
Safiya: Ali Wagner was still looking for a lead investor when we heard about her last. How'd she find one? Safiya: Alan Waxman is the CEO and co-founder of the investment firm, Sixth Street Partners. It has minority stakes in a bunch of different teams, but they've never been the lead investor of a sports team. US sports teams have always just been owned by a small group of wealthy individuals and families.
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