Goldman Sachs Private Wealth Management’s Post

Sports investing...interesting times to consider these opportunities, especially concerning women's and emerging sports like e-gaming, lacrosse, and rugby. More individual investors are looking to see how they can do more to engage with an industry where fans have clear favorite athletes and teams and that support sometimes lasts across generations which helps increase stability. Listen as Nicole Pullen Ross discusses whether money flow will change how leagues will change women’s sports and if the increased buyers will grow the pie for the rights money, and more. #APRM #Sportspractice #ServingSportsProfessionals #ServingSportsInvestors

Insightful interview of Nicole Pullen Ross, Head of Sports and Entertainment Solutions at Goldman Sachs, in CNBC's ‘Squawk on the Street’. Explaining the rise of institutional investment in sports, including the growing interest in investing in women’s sports. Extract on women's football in the US: "If you look at media rights, which is the hallmark of how valuations are formed and how investors think about growth, it’s pretty extraordinary... For example, the National Women's Soccer League (NWSL) recently signed a $240 million deal over 4 years, which was more than 40x their prior deal. The trend is following the enthusiasm in women’s sports.” As a reminder, Goldman Sachs announced last September that they were establishing a sports mergers and acquisitions (M&A) and sports financing division which will work on: ➡️ Teams, stadiums, and leagues ➡️ Sports media, entertainment, and technology properties

Valuation in sports, what drives enterprise value? 🤯 “Media Rights is the hallmark of how valuations are formed and how investors think about growth”. This is what Nicole Pullen Ross, Head of Sports and Entertainment, from Goldman Sachs shares in an interview to CNBC. The finance institution is also looking to Sports as an Asset Class, and shares some others spotlights: -Financial gain: low correlation with public markets -Emerging sports will have an important share at future media rights. -Female sports will also play a significant role in the field. link to interview: https://lnkd.in/d2ky5ken 🇧🇷 If you take the Brazilian Football championship, it makes a lot of sense. Media rights is the most critical point of the Leagues negotiation. 📊 Total Revenue from Top 20 Clubs in 2023: R$ 9 billions. 📌 Media Rights represents ~35% of total clubs revenues from top 20 clubs. 💰 R$ 3,2 billion was paid to brazilian Serie A clubs. (source: @Sports Value) Other importants source of revenue to form the Valuation are: 🏟 Matchday (Fans Loyalty, Ticketing, Arena) : ~16% of total revenue 🎽 Commercial & Marketing Assets: Sponsorship, Licensing, Merchandising, IP’s.: 15% of total revenue. ⚽ Athletes trading: ~21% of total revenue Others: ~13% Sports Angels Slat Ventures Arena Hub #sportstech #investment #venturecapital #sports #innovation #assetallocation

Update: JohnWallStreet and Guggenheim Securities' Michael Morris hosted our second sports investment 'mini-camp' earlier this week. Investors representing just shy of $860 million worth of institutional capital turned out alongside a handful of select industry leaders for an interactive discussion on sports betting and gaming led by Eilers & Krejcik partner emeritus Chris Grove.  How did it go? Here's the feedback from one JWS A-Lister in attendance: "Tight. Informative. Prepared. Included both 'news you can use' and things you didn't know. That hour plus stands in stark contrast to most similar programs I Zoom in for or attend." A second wrote: "It was terrific. The only issue is that I wanted more! Such a rich array of topics, all of which are very timely. Well-done folks." There are plans to continue and expand on the series in the months ahead. We'll pause in August before returning with another NYC-based event in September. Much more news to come in the weeks ahead. #sports #media #finance #events #sportsbusiness #investment

Last week, Sports Business Journal published a piece by GSE's very own, Sandra Richards. Sandra is the Head of Global Sports & Entertainment at Morgan Stanley and a good friend. In the article, she discusses the importance of one's reputation in the sports and entertainment industries, as well as advice on how to navigate life in the spotlight. Please take a few moments to check it out!

Sports mergers and acquisitions (M&A) are booming. Wall Street firms are setting up specialized banking teams to meet this demand. When billionaires want to invest in sports teams, they call elite bankers. Goldman Sachs and Inner Circle Sports are leading the charge. These banking teams facilitate complex deals. They ensure owners and investors get the best value. Their expertise is crucial in the sports M&A landscape. Factors driving this rise include increasing team valuations. Sports teams in leagues like the NFL, NBA, and EPL are seeing soaring values. Global appeal also attracts investors worldwide. Diverse revenue streams from ticket sales, merchandise, media rights, and sponsorships make sports teams lucrative. Specialized banking teams are vital behind the scenes. They ensure the passion and business of sports come together. This is an exciting time for finance and sports enthusiasts. These bankers drive the growth of the sports industry. They open new opportunities for investors and fans alike. #SportsM&A #Finance #GoldmanSachs #InnerCircleSports #Investment #BusinessOfSports #WallStreet #SportsIndustry #DealMakers #Innovation

Just start. That's my big takeaway after immersing myself in countless interviews and connecting with entrepreneurs, content creators, and industry peers. No one has all the answers right from the start, and that's what makes the journey exciting. You learn as you go, not before taking the first step. This principle rings true in Adam White's journey with Front Office Sports Adam, I find myself reading your newsletter almost daily, thanks to your bold start.

Outside of the gruelling schedules, maintaining fitness and strict athleticism, sporting professionals are usually just as busy off the pitch (or tack etc) promoting brands and making appearances to their fans. More often than not with no real experience dealing with the wealth they’re building….. that’s where Affinity Group can be a great team mate 🥇 #sports #wealthmanagement #affinitysports

Big M&A and Bob Iger's future: 13 media executives make their anonymous 2024 predictions by It's the third annual anonymous media predictions list: 13 media, sports and entertainment executives make their best 2024 industry-shaking predictions.