The Strategist

Goldman to offer investments in sports clubs



09/18/2023 - 11:14



The Wall Street Journal reports that American bank Goldman Sachs Group is establishing a section of sports investments under its investment banking business.



Katie Chan
Katie Chan
Rich clients will be able to invest in exclusive sports clubs, stadiums, and other projects through the new business, which combines sports M&A and sports finance. Luring these investors might involve collaboration with significant private equity firms and asset management experts.

Minor league clubs might be among the clubs in which Goldman's clients will be permitted to invest, but the bank refuses to disclose any particular information about the list.

Goldman Sachs has worked on numerous sports transactions in the United States and abroad, such as the sales of Formula One and Chelsea Football Club.

source: wsj.com

 




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