As we approach the end of October 2022, there is some exciting sports news. This news is not explicitly meant for sports enthusiasts, though. Instead, these are for investors. That is right! Sports news for investors. You might be wondering what on earth sports has to do with investors. Seriously, it should not be. But the news is that as many as five professional teams in the U.S are all set for sale. This means that investors can grab the opportunity to buy a share or a stock of these sports teams. Among these 4 U.S professional sports teams, two are baseball teams, and two are football teams - all set to trade in the market. However, the news of yet another sports team ready to trade is circulating. Till the final announcement of the team, let’s stick with these four for now.
If you are a typical sports enthusiast who does not know about the sports trade, we have got your back. It is okay not to know everything. After all, sports are meant for entertainment. It is fairly okay if you do not know the complex investment matrix in sports. Allow us to unpack it for you.
For billionaires, it is normal to yearn for luxury. Be it a private island in the Philippines. Or, some lavish yachts that are worth millions of dollars. Billionaires get them in no time. And when it comes to owning a sports franchise, there is no greater pleasure than that. Whenever a sports team hits the market, these ultra-rich folks kick in. They take no time to buy the stock.
This saga has been around for years, though. But in 2022, however, it seems like we are witnessing a new sports deal bonanza. Teams after team are listed on the market. And billionaires are plunging into it without any second thought. After all, investors are great sports fans! That is why it makes sense why sports teams in the U.S are sold at an expensive price.
The Los Angeles Angeles & The Washington Nationals are All Set to Hit the Trade Market
Among the top-rated U.S sports teams, Los Angeles Angels and The Washington Nationals are seeking new owners. On Friday, October 2021, the two leading American baseball teams announced they sought investors to take over the franchise.
Likewise, WNBA and NBA franchises have also been listed for sale. Thus, this makes four giant sports teams hit the trade market simultaneously. It is unprecedented that such a growing number of sports teams are open for sale simultaneously.
Looking at these stats, sports enthusiasts can not help but wonder if they are witnessing a new sports deal bonanza. Sports enthusiasts can anticipate that the coming sports season is going to be exciting!