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2min chapter
Institutional investors take to the pitch
Behind the Money
The Pros and Cons of Owning a Football Club
Europe has been a little bit more progressive in terms of who's permitted to own a football club. But what about in the US? Even before the pandemic, Major League Baseball was seeing this increase in valuations and individuals couldn't afford to sell their stakes if they wanted liquidity. If you had put in $1 million to take a small, small stake of a club decades ago, you couldn't find someone to now pay tens of millions to buy you out. So they changed their rules to say, we're going to allow institutional investors to take small, what they call limited partnership stakes in teams. We're becoming the first US league to do this. And they kind of changed the
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