Generally, to be an owner in any capacity of a sports team, one has to be fantastically wealthy to even think of it. However, for the sports fan with some money to invest, there are a small number of publicly traded sports groups, a few of which are not bad stock picks.
Not a lot in America
One of the lyrics in the song "Money" by Pink Floyd goes "I think I need a football team." Granted, they do not mean the NFL, since soccer is called football everywhere except Canada, Australia and the United States However, it would be neat to be the owner of sports team. The hitch is that most sports groups are privately owned. To buy one or an ownership stake, one has to be prosperous.
A small number of sports teams, however, are publicly-traded, meaning that shares are bought and sold on stock markets. For not a whole lot of money, a person can buy a share in publicly-traded sports groups and are technically an owner, even if that one share doesn't amount to much. Some are even good investments. However, most are sports teams in other nations.
Fastest IPO on earth
Earlier this year, it was publicized that Formula One, the world's premier racing series, was going to have an initial public offering in Singapore. Unfortunately, according to the Wall Street Journal, the majority owners of Formula One, CVC Capital Partners, put the brakes on the Formula One IPO. However, they do plan to hold it later this year.
The Initial Public Offering scheduled for a serious sports franchise is for Manchester United, according to The Atlantic. Manchester, also called "Man U" or "The Red Devils," are essentially the New York Yankees of soccer and are not only going to have an Initial Public Offering, they decided recently to stage it in the United States instead of Singapore, where the team's owners had initially planned on holding it. The team is mostly owned by the Glazer family, according to the Wall Street Journal, who also own the Tampa Bay Buccaneers of the National Football League.
Not all good bargains
Manchester United, once trading begins, might be a good purchase in the long run, as it is essentially the biggest sports franchise on the planet. Madison Square Gardens, the renowned venue, is also not a bad stock, according to Daily Finance, as it has consistently traded above the Standard and Poor 500 industry average.
BusinessWeek explained that the American Basketball Association is trading for 5 cents per share currently, which was not good news. There has also been bad news for World Wrestling Entertainment, which is publicly traded, according to Daily Finance.
Market performance is tied to game performance, which means stocks go down when there are losing streaks. That is why renowned soccer teams have not done that well on the stock market, according to the Atlantic.
Only one American sports team is publicly-traded, namely the Green Bay Packers. They are an oddity, as the National Football League forbids more than 32 owners of any one team. However, the Packers joined the league before the rule was instated. It's a terrible investment, though. The stock cannot be sold for profit and the team, a non-profit, pays no dividends.
Not a lot in America
One of the lyrics in the song "Money" by Pink Floyd goes "I think I need a football team." Granted, they do not mean the NFL, since soccer is called football everywhere except Canada, Australia and the United States However, it would be neat to be the owner of sports team. The hitch is that most sports groups are privately owned. To buy one or an ownership stake, one has to be prosperous.
A small number of sports teams, however, are publicly-traded, meaning that shares are bought and sold on stock markets. For not a whole lot of money, a person can buy a share in publicly-traded sports groups and are technically an owner, even if that one share doesn't amount to much. Some are even good investments. However, most are sports teams in other nations.
Fastest IPO on earth
Earlier this year, it was publicized that Formula One, the world's premier racing series, was going to have an initial public offering in Singapore. Unfortunately, according to the Wall Street Journal, the majority owners of Formula One, CVC Capital Partners, put the brakes on the Formula One IPO. However, they do plan to hold it later this year.
The Initial Public Offering scheduled for a serious sports franchise is for Manchester United, according to The Atlantic. Manchester, also called "Man U" or "The Red Devils," are essentially the New York Yankees of soccer and are not only going to have an Initial Public Offering, they decided recently to stage it in the United States instead of Singapore, where the team's owners had initially planned on holding it. The team is mostly owned by the Glazer family, according to the Wall Street Journal, who also own the Tampa Bay Buccaneers of the National Football League.
Not all good bargains
Manchester United, once trading begins, might be a good purchase in the long run, as it is essentially the biggest sports franchise on the planet. Madison Square Gardens, the renowned venue, is also not a bad stock, according to Daily Finance, as it has consistently traded above the Standard and Poor 500 industry average.
BusinessWeek explained that the American Basketball Association is trading for 5 cents per share currently, which was not good news. There has also been bad news for World Wrestling Entertainment, which is publicly traded, according to Daily Finance.
Market performance is tied to game performance, which means stocks go down when there are losing streaks. That is why renowned soccer teams have not done that well on the stock market, according to the Atlantic.
Only one American sports team is publicly-traded, namely the Green Bay Packers. They are an oddity, as the National Football League forbids more than 32 owners of any one team. However, the Packers joined the league before the rule was instated. It's a terrible investment, though. The stock cannot be sold for profit and the team, a non-profit, pays no dividends.
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