Bloomberg Talks Mark Attanasio on Market Volatility and Sports Investing
May 5, 2025
Mark Attanasio, the owner of the Milwaukee Brewers and co-founder of Crescent Capital Group, shares his insights on market volatility and sports investing. He expresses optimism about a potential merger between the PGA Tour and LIV Golf, highlighting its impact on sports finances. Attanasio also discusses the shifting bond market and emerging investment opportunities, pointing out how these trends create new avenues for high-net-worth individuals in the sports arena.
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Economic Volatility and Trade Imbalances
- Market volatility has shifted from concerns about stability and low rates to dealing with global trade imbalances.
- Holistic solutions including lower taxes and less regulation could potentially address current economic challenges.
Interest Rates Set Return Floors
- "Higher for longer" interest rates are not new and setting a floor for returns benefits private lenders.
- The market's reaction to small rate changes contrasts prior fears of very high default rates at much higher rates.
Sports Markets and Player Competition
- The best athletes are motivated to compete against top competition, which suggests a potential merger of PGA Tour and LIV Golf is favorable.
- Interest from stakeholders including sports owners and political figures points toward a complex but possible reconciliation.