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How Do You Find Opportunities in the Minority Ownership Market?
The leagues have become very, very diligent about researching and diligentlying the background of every single owner in the league right down to minority stakeholders. The risk for the leagues is very high for bad owners coming in. And so they've placed the bar very, very high to gain entry into this very exclusive club. There's a tremendous amount of deal flow in this space. If you go category by category in the 180 platforms, we have built out as one part of a very large data platform that we've built. We have a database of over 1,200 limited partners in these pro sports platforms.