JOURNAL ARTICLE

Why Sports Franchise Owners Need 'Defensive Capital'.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Kelly, Jason 3 of 3

Abstract

The article discusses the increasing influx of new capital from Wall Street and other sources into the sports industry, prompting veteran executive George Pyne to emphasize the need for sports franchise owners to have a strategic defensive capital plan in place to stay competitive. Pyne, the founder of Bruin Capital, highlights the importance of differentiating oneself from competitors and preparing for potential disruptions in the market. The article also mentions the recent approval by the National Football League of investors to purchase stakes in franchises, reflecting a broader trend across global sports leagues. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/11, pN.PAG
  • Document Type:Article
  • Subject Area:Sports and Leisure
  • Publication Date:2024
  • Accession Number:180634828
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