Private Equity in Professional Sports: Opportunity or Overreach?
Illustration: Annelise Capossela/Axios Money on the Field Private equity has become an increasingly significant source of influence in the sports world, altering the traditional model of sports ownership, previously dominated by wealthy individuals and families . Since 2019, major professional sports leagues like the NFL, NBA, MLB, MLS, and NHL have relaxed their ownership rules to permit investment from private equity (PE) firms . This shift is heightened by rising sports franchise...