More On Investing In Sports TeamsGuest Post
For the last few years, we’ve been singing the praises of sports teams (primarily major league North American teams) as investments. We own stock in Madison Square Garden (MSG) and its sister company MSG Networks (MSGN), which together own the New York Knicks (NBA) and New York Rangers (NHL). We invested in Liberty Braves Group (BATRA), which owns the Atlanta Braves MLB franchise. We also recently bought Formula One Group (FWONK), which owns the Formula 1 racing series.