Get ready for sports to be the next big investment asset class
Angel City founder Kara Nortman, Thirty Five Ventures cofounder Rich Kleiman, and EA Sports COO Laura Miele discussed the future of sports investing at the Fast Company Innovation Festival.
Jerry Jones bought the Dallas Cowboys in 1989 for $140 million, and today the NFL club’s valuation sits at about $8 billion. While an NFL team is very rarely up for grabs, newer sports teams, leagues, and adjacent companies are increasingly being seen as hot investment opportunities.