In a comment about the rising value of sports teams, Joe Tsai, head of the family investment office, said that beyond what the Brooklyn Nets owner has done with the Nets, Barclays Center, New York Liberty, and pro lacrosse, He also said he plans to invest in other sports.
Oliver Weisberg, head of Blue Pool Capital, said at a recent investment symposium in Hong Kong that Blue Pool is particularly interested in women's sports. Asian investors.
AI quotes Weisberg, who is also the Nets' governor pro tem, saying, “When you think about your last-minute money today, sports are at the top of the list. Sports are now an actual asset class.'' became.
“We believe we're really looking forward to growing interest in live sports and increased media rights. It's not just the NFL, NBA, NHL. It's women's soccer, women's basketball.”
Tsai's investment in the Brooklyn Nets has actually skyrocketed since the Nets bought the team in August 2018 and took full control in October 2019. According to recent reports, Blue Pool Capital is interested in selling up to 15% of BSE Global's stake, putting the parent company of Nets Liberty and Barclays Center in the hands of conservative investor David Koch. He transferred it to his widow, Julia Koch, at a valuation of $4.8 billion. This is $1 billion more than the amount paid by the Tsai administration.
The growing popularity of the WNBA and women's basketball in general also makes Tsai's investment in Liberty a huge success. Liberty was playing in a 90-year-old auditorium in White Plains when Tsai bought it from James Dolan in January 2019 with the promise of debt relief and profit sharing. Liberty is currently worth more than $200 million.
In addition to his New York-based sports properties, his J. Tsai Sports, part of Blue Pool, also owns two Premier Lacrosse League franchises, the San Diego Seals and Las Vegas Desert Dogs, and owns a portion of the National Lacrosse League. He also has a minority interest in MLS's FC Los Angeles, as well as sports media and technology companies in North America and Asia.
Bluepool also invests in a variety of assets outside of sports, including real estate in New York, hotel chains in Spain and Portugal, and, most recently, a stake in Alibaba, the e-commerce company led by Joe Tsai as executive chairman. Weisberg also told the symposium that the Cais are also investing in Japanese real estate.
In an interview with the head of Norway's sovereign wealth fund earlier this month, Joe Tsai called owning the Nets “absolutely fun,” and just Wednesday, Sean Marks told a group of Nets fans, “We're the owners. “Joe never wavered in his ability to putt.” All the resources behind the team. For me, it just feels really good. ”
