Sixth Street的动态

Mark Cuban knows what he doesn’t know—and he doesn’t know real estate. That’s what led him to sell his majority stake in the Dallas Mavericks to families linked to Sheldon Adelson, the late Las Vegas casino magnate. “If you look at the teams that spend the most money right now,” he added, “it’s not because of their media deals. It’s because of their real estate empires that they’ve built…And I have no knowledge in that at all. It’s been hard enough learning the pharmacy and basketball business, let alone trying to learn real estate as well.” Real estate will become crucial for NBA teams to succeed on and off the court, Cuban believes, especially as the media industry looks increasingly shaky. With that in mind, he started thinking about the creation of a casino and destination resort linked to the Mavs a few years ago. “It’s another base of revenue that wasn’t there before,” said Cuban. Knowing little about real estate, he realized he wouldn’t be the one to build such things. “If someone’s going to come in as a partner and invest potentially billions of dollars, they’re going to want equity,” he noted of the team’s new majority owners. ------- Watching Mark's interview on All the smoke, he alluded to the importance of real estate and real estate development. " You have to bring in some other investors that know real estate and development because that's where the money is going to be coming in from potentially. You look at Golden State, how can they afford everything, cuz they own everything. They do all the development around the there. He makes some great points on the impact understanding real estate has on the sports industry. I look forward to expanding NHK Companies to operate at the intersection of real estate, sports, and technology. #realestate #sportsbusiness #realestatedevelopment

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

On our sports vacation, Monopoly turned out to be more than just a game—it could have paid for the whole trip! Last night, for the second time in a row, we played and my son, Wynn, made an amazing comeback almost beating me. He jokingly accused me of doing this for a living as the reason I won. Monopoly isn't just fun; it's a great learning tool for kids. It teaches them valuable lessons such as the importance of investing rather than hoarding cash. Encouraging them to invest in assets that pay dividends and to acquire more when the time is right. And let's not forget, the harsh reality that income tax is no one's favorite part of the game! #Monopoly #FinancialEducation #InvestingLessons

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.

???? Super Bowl LVII is a few days away so naturally the big topic is TAYLOR SWIFT???? I am truly ashamed of myself for posting this, but this is just astounding. ????While the data for this year's game has not yet been published but I am sure these figures have NOT gone down, especially when you consider the game is in Vegas. To me, the most telling stat is the economic impact Taylor Swift has on the cities she tours. ????In 2023, the opening night of the Eras Tour brought in MORE revenue for the local economy of Scottsdale Arizona than the entire Super Bowl week! ??For more great insights, check out my website?? www.doug-gibson.com #DougGibson #gainin60seconds #financialadvisor #financialplanner #financialadvice #investments #wealthplanner #wealthadvisor #assetstrategy #assetplanning

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

According to Business Insider, this year's National Football League (NFL) Annual Meeting could see a rule change that will allow funds to invest into the league. As of today, only individuals are allowed to purchase stakes in these teams, but as valuations rise, the NFL might have to follow the footsteps of the other 3 big leagues in the US. ?? ??The NBA and the NHL allow funds to invest up to a 20% stake ? The MLB only allows investments of up to 15% Now, which funds will most likely benefit from this rule change? The answer is those with experience in sports investments, such as: 1?? Arctos 2?? Ares Management Corporation 3?? Dyal Homecourt Partners, Blue Owl Capital's sports investing platform 4?? RedBird Capital Partners 5?? Silver Lake 6?? Sixth Street Although there is nothing certain, the topic being brought up in the Annual Meeting is a great step towards seeing Private Equity investments in the NFL. #NFL #PrivateEquity #sports

?????? ????????????: The NFL has retained PJT Partners to serve as a liaison between the league and?private equity?firms looking to invest in teams. The NFL is the last major US sports league to restrict institutional capital but that's likely going to change soon. However, there are certainly going to be tight regulations once the floodgates open such as: ? Restrictions on how much of a team’s equity can be bought by one fund ? Restrictions on how many different teams a single fund can buy into ? Restrictions on equity a team can sell to funds Over the past 40 years or so, every single team in all four of the United States’ major sports has increased exponentially in value. Most, if not all, have also outpaced the US stock market. Some of the reasons include: ? Diversified revenue streams ? Media rights ? Scarcity With the NFL average team value reaching $4B, private equity entrance into the league is inevitable at this point. ?? Vetted Sports sends out the latest sports tech news, trends, and insights straight to your inbox every Sunday. Join for free → https://lnkd.in/dUYVHG5y #sportsinvestment #sportsbusiness #privateequity

Wall Street law firms are entering the sports deals market, challenging established rivals and bringing new competition to high-value transactions. The $6.05 billion sale of the NFL's Washington Commanders to Josh Harris, with Davis Polk & Wardwell at the helm, is a prime example. This shift is driven by soaring franchise values and the influx of institutional capital, making sports investments increasingly sophisticated and high-stakes. With 2023 seeing record-breaking sports-related deal values of $25 billion, investors can expect more complex transactions and heightened competition. This development points to major shifts within the landscape of sports investments, presenting numerous opportunities for strategic growth and collaboration. #SportsIndustry #SportsInvestments #WallStreetDeals #ProSportsMarket #FranchiseValuations?

If you've ever wondered what goes on behind-the-scenes at the world's leading online sports betting operator during the Super Bowl then look no further than this article - such brilliant insight here into the complex and truly global nature of odd-setting at Flutter! #FlutterEdge #SBLVIII