The Boston Purple Sox will not be taken public — listed here are the sports activities franchises you’ll be able to spend money on
Sports franchises as public companies are rare, but the concept isn’t entirely new. Several sports franchises are publicly traded in some way or are part of a larger publicly traded company.
Over the past few months, Boston Red Sox and Liverpool FC owner John Henry have tried to get these teams involved in a public hold but the talks reportedly fell apart.
The $ 8 billion deal would have Fenway Sports Group LLC, which owns the Red Sox and English football club Liverpool FC, with RedBall Acquisition Corp. RBAC (-0.19%) combined.,
a Special Purpose Acquisition Company (SPAC) dedicated to the sports business.
RedBall SPAC was founded by the former general manager of Oakland A and moneyball legend Billy Beane and Gerry Cardinale, CEO of private equity firm RedBird Capital. SPACs, which are essentially blank check companies, raise money through an initial public offering (IPO) to make an acquisition.
Here is a list of some professional sports teams you can invest in:
Manchester United FC
Manchester United MANU, -1.02%,
The most decorated football club in England has 20 Premier League titles and has been publicly traded on the New York Stock Exchange since 2012.
The stock opened at $ 14 per share and has seen only modest growth since then. As of Friday, it was trading at over $ 15.78 per share.
Like any other publicly traded company, Manchester United must disclose profits and revenues associated with things like TV contracts and ticket sales.
Manchester United stock has a market cap of $ 2.6 billion but would likely make more if sold in the open market. Forbes valued the team at $ 3.81 billion as of 2020.
New York Knicks, New York Rangers
Madison Square Garden Sports Corp. MSGS (-0.82%) comprises several sports holdings from main owner Jim Dolan. These include the NBA’s New York Knicks and their G League subsidiary Westchester Knicks, the NHL’s New York Rangers and their AHL subsidiary Hartford Wolf Pack, and MSG’s eSports business.
Since both the Knicks and Rangers have been part of larger holdings from Cablevision and later Madison Square Garden over the years, it would not be possible to get any relevant data on how the Knicks and Rangers have performed over time.
Madison Square Garden Entertainment MSGE, -4.59%, was spun off from sports business in April 2020 and formed a separate publicly traded entertainment company from MSG, which includes Madison Square Garden Arena in New York City and Radio City Music Hall .
An investment in Madison Square Garden Sports Corp. is not necessarily just an investment in the Knicks or Rangers franchise, but an investment in all of the teams listed above. Profits for the company depend on things like TV contracts and ticketing revenues.
Madison Square Garden Sports has a market cap of $ 4.34 billion. Forbes has valued the Knicks at $ 4.6 billion and the Rangers at $ 1.65 billion as of 2020.
The most successful club in the Italian Serie A football league has been listed on the Borsa Italiana stock exchange since 2001.
Juventus JUVE, + 0.96%, is currently trading at € 0.838 per share, a decrease of over 30% compared to the original listing. Juventus’ shares received a boost after soccer star Cristiano Ronaldo joined the club in 2018, but most of those gains have since dissolved.
The stock has a market cap of $ 1.13, but like Manchester United, it would likely buy more if sold. Juventus is owned by the Agnellis, an Italian dynastic family that founded Fiat FCA.UT, -6.99% Motor Company.
Forbes valued the team at $ 1.51 billion in 2019.
MLB’s Atlanta Braves have been owned by publicly traded Liberty Media LSXMA since 2007, -0.23%.
Liberty Media is a huge company that decided to outsource the Atlanta Braves from other businesses to a separate tracking inventory for the team in 2015 to raise capital.
The Braves are now included in a stake called Liberty Braves Group BATRK, + 0.96%.
It’s not just a stock that tracks the baseball team’s finances, however – real estate developments around the Atlanta Braves stadium called Battery Atlanta are also included in the inventory.
A tracking stock is usually issued by a parent company to monitor the performance of part of their overall business. Unlike common stockholders, tracking stock owners typically have little to no voting rights at general meetings.
In 2020, Forbes valued the Atlanta Braves at $ 1.8 billion, quadrupling its value from 2010.
Green Bay Packers
The Green Bay Packers are the only public franchise in the NFL, but the team is not publicly traded. The team is owned by Green Bay Packers Inc., a public not-for-profit company with 361,311 shareholders.
While the team calls these “common stock,” the owners do not have the rights of typical common stockholders. The share pays no dividends, cannot be traded and is not protected by securities law.
The Packers share cannot increase in value either and is in no way tied to the earnings of the team. Basically, the shares are team memorabilia.
There have been five share issues since 1923. The last issue was in 2011 to raise funds for renovation work on Lambeau Field, the stadium where the team plays.
Analysts have labeled Packers stock “worthless stock” because it has no financial value to its owner.
Forbes valued the Green Bay Packers at $ 3.05 billion in 2020.
The German soccer club Borussia Dortmund BORUF is the only listed soccer team in Germany with + 1.30%. The Dortmund share has been traded on the Frankfurt Stock Exchange (FWB) since 2000.
Borussia Dortmund stock is down 36% over the past 12 months and has a market capitalization of $ 571.84 million.
Forbes valued the team at $ 896 million in 2019.
Toronto Blue Jays
The Braves and the Toronto Blue Jays are the only company-owned teams in Major League Baseball.
While the Blue Jays franchise itself isn’t publicly traded, the team has been owned by the publicly traded Rogers Communications RCI since 2000, -0.46%.
Rogers has so many media and telecommunications holdings that the baseball team is only a small fraction of the entire company. So investors cannot invest directly in the Blue Jays, but only indirectly through Rogers Communications.
With Rogers being so big, it’s difficult to gauge the monetary worth of the Blue Jays within the larger company.
Forbes valued the Toronto Blue Jays at $ 1.63 billion in 2020.