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The Meb Faber Show - Better Investing
Roger Mitchell on Investing in Sports Amid the Fourth Turning | #546
Aug 16, 2024
Roger Mitchell, founder of Albachiara, shares his insights from his book, Sport's Perfect Storm. He discusses how new media, demographics, and gambling are transforming the sports industry. The conversation contrasts American and European sports business models, including the unique concept of relegation. Roger dives into athlete compensation dynamics, exploring the potential for equity stakes. Plus, he highlights innovative strategies from minor league baseball, like the Savannah Bananas, illustrating how entertainment can engage modern audiences.
01:10:38
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Quick takeaways
- The deep-rooted emotional connections fans have to sports teams make them unique investments that blend loyalty with financial opportunities.
- The divergent economic structures of American and European sports significantly impact investment strategies and ownership models in each region.
Deep dives
The Business of Sports and Fan Loyalty
Sports are fundamentally intertwined with personal identity and generational ties, creating a unique connection that goes beyond mere entertainment. The podcast discusses how this deep-rooted loyalty makes sports teams difficult to treat as conventional assets, which investors often overlook. This intense loyalty can present both opportunities and challenges for those seeking profits, as fans are unlikely to switch allegiances easily. Thus, sports investors must navigate the delicate balance of generating returns while respecting the emotional connections fans have to their teams.
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