Entrepreneurs have an uncanny knack in spotting investing opportunities with a positive expected value. That’s because they are prepared to take calculated risks. To that end, it’s no surprise that many of the world’s most successful businesspeople have been drawn to investing in professional sport – where passion meets a potential return head on.
From owning major league sports franchise to acquiring thoroughbred racehorses, the four following industry icons have discovered sport as a fun way to diversify their investment portfolios.
Steven Spielberg’s Dalliance with Horse Racing
Hollywood icon, Steven Spielberg, has made millions of dollars directing some of the most iconic movies of the modern era. However, away from the production of hit franchises like Jurassic Park and E.T., Spielberg has also invested in thoroughbred racehorses in his spare time. His passion for horse racing inspired the 2011 hit movie, War Horse.
Spielberg co-owned a horse which entered the 2003 Kentucky Derby. Atswhatimtalknbout went on to finish fourth, which was enough to be placed, etching Spielberg’s name into Kentucky Derby folklore. There’s no doubt that racehorse ownership has become more accessible, even to those without millions in their back pockets. Horse breeders and stables now readily welcome individuals prepared to buy individual or multiple shares in thoroughbreds, creating a more sustainable ownership model.
Marc Cuban’s Game-Changing Ownership of an NBA Franchise
Marc Cuban made the bulk of his millions from the dot com boom, after Yahoo!’s acquisition of Broadcast.com, which is now widely considered one of the poorest-value purchases of an internet company of all time. Having sold Broadcast before the bursting of the dot com bubble, Cuban would later go on to invest in a string of start-ups, keen to get behind the next big things online.
Around the height of Cuban’s fortune, he opted to acquire the NBA franchise, Dallas Mavericks, in a deal worth a reported $285 million. In just over a decade, Cuban helped to rejuvenate the Mavericks from also-rans into NBA champions, taking down the NBA Championship in 2011. Today, he remains a minority owner and holds the position as the head of basketball operations.
Michael Jordan Invests in Four-Wheeled Sports as well as Two-Legged Sports
Michael “Air” Jordan is synonymous with NBA basketball success, but in 2020 he decided to invest in a whole new sport. He launched a NASCAR team called 23XI Racing, co-owned alongside NASCAR racing icon Denny Hamlin.
Jordan is said to have spotted an opportunity to use NASCAR as a way to reach new demographics and also raise the profile of black drivers in NASCAR. Jordan’s emergence on the NASCAR scene was a breath of fresh air to the motorsport, which promptly attracted new investment in the form of commercial sponsorships.
Some of the biggest-earning entrepreneurs are enticed by the prospect of sports investments for several reasons. First and foremost, sports have long been a part of popular culture, and many entrepreneurs had favorite sports teams long before they entered the world of business. Secondly, sporting investments can generate returns over time, especially with increasing franchise values and commercial revenues.
There’s also the dimension of personal enjoyment and public visibility that few other investments can deliver.
About Us
At Raceshare, we bring the thrill of sports investments to enthusiasts and investors alike. Our mission is to democratize access to the world of professional sports ownership, from racehorses to sports franchises, allowing individuals to share in the excitement and potential returns. With a team of seasoned industry experts, we strive to make sports investments more transparent, inclusive, and rewarding.
Whether you’re passionate about thoroughbred racing or looking to diversify your portfolio with a stake in professional sports, Raceshare is your trusted partner. We combine cutting-edge technology with industry insights to offer a seamless and secure investment experience.
Media Contact
Raceshare
Email: info@raceshare.com
Website: raceshare.com
Location: USA
