Bob FraserCFO & Macro Strategist | Data-Driven Investing Expert | Speaker & Author

Breaking down barriers in the sports investment world! #sports #business

Name: Breaking down barriers in the sports investment world! #sports #business
Uploaded: 2024-10-21T21:29:26+00:00
Duration: 17 s
Channel: Bob Fraser
Description: In this brief interview, Speaker A explains their initiative to broaden ownership of sports assets beyond traditional institutional and…

21 Oct 2024 · 0 min

Watch on YouTube

0:17

In this brief interview, Speaker A explains their initiative to broaden ownership of sports assets beyond traditional institutional and ultra‑high‑net‑worth investors, aiming to include athletes and retail investors. Speaker B probes the meaning and interest, prompting Speaker A to describe the growing excitement among athlete investors, registered investment advisors, and high‑net‑worth individuals. The venture has raised $100 million in equity, with only $7–8 million remaining to close, targeting a final close before the first quarter of the next year to make a significant market impact.

We are creating meaningful access to ownership in the sports asset class.
And what does that mean exactly? Is that for, for players to have? Yeah.
So what we want to do is open up this asset class, not just to the institutional investors, not just to the high net worth and ultra high net worth. We want to open it up to athletes. We want to open up to the retail channel investor as well.
Are you getting a lot of excitement? Is it former athletes and other athletes that are showing interest?
I mean, yeah, I mean, there's been a lot of excitement. A lot of— we've built a lot of momentum over a pretty short amount of time. Everything from athlete investors to, you know, RIAs and high high net worth individuals. We've been raising $100 million in equity. We've got about $7 or $8 million left on that. So we're looking to close that out to really, you know, be able to make some noise coming into Q1 of next year.