Big Money in Sports: The Power of Ownership Groups
The Rise of Sports Empires
Sports teams are evolving into massive business ventures, with ownership groups amassing billions in value. The top 20 sports empires alone are now valued at a staggering $225 billion. These groups operate much like tech companies, managing valuable brands and teams with precision and efficiency.
Diversity in Ownership
Ownership groups vary widely in their portfolios. Some span multiple sports and countries, while others focus on a single sport or region. This diversity can drive growth and increase revenue streams.
The Most Valuable Groups
- Stanley Kroenke's Group: Valued at $21.2 billion, this group owns teams in the NFL, NHL, NBA, and even English soccer.
- Harris Blitzer Sports & Entertainment: Another diversified group with teams across different sports and locations.
Regional Focus
Some groups concentrate on a specific area to build a strong local brand. For example:
- Monumental Sports & Entertainment: Owns several teams in Washington, D.C.
Entertainment and Venues
AEG Worldwide takes a different approach. It owns fewer teams but operates major venues in Los Angeles, London, and Hamburg. Additionally, it owns a ticketing company, highlighting the intersection of sports and entertainment.
Global Soccer Focus
City Football Group is dedicated to soccer, owning Manchester City and teams in other countries. This global strategy is helping it expand its influence in the soccer world.
Changing Ownership Landscapes
The world of sports ownership is dynamic. Recent moves include:
- Mark Walter increasing his stake in the Los Angeles Lakers.
- Woody Johnson buying a larger stake in Crystal Palace.
These changes underscore the ever-evolving nature of sports ownership.
