The World’s Most Valuable Sports Empires 2024 ...Middle East

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The World’s Most Valuable Sports Empires 2024
source : Bloomberg News Today ( Middle East ) () 130
With its $6 billion purchase of the Washington Commanders last year, Harris Blitzer Sports & Entertainment vaulted up the ranks of the most lucrative team portfolios—but they’re still not No. 1. By Mike Ozanian & Justin Teitelbaum, Forbes Staff Owning a sports team has long been a goal of the ultra-rich, but expanding that into an empire—with multiple teams across various leagues—is a winning strategy for creating generational wealth. Having a portfolio of teams allows an owner to sell cross-sponsorships, develop mixed-use real estate and expand into new distribution channels with greater ease. A sports empire can also take the pressure off any single team a sports owner has, acting as a

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