Post by SSHoya on Nov 8, 2023 15:19:10 GMT -5
Why sports mogul Ted Leonsis ignored critics and courted Middle East money
In July, he became the first U.S. sports owner to take on Middle East investment. With team values skyrocketing and given the rising costs of running a franchise, Leonsis expects others to follow suit.
“You’ll see,” he said in a recent interview. “I believe other teams and other leagues will all be embracing pension funds, college endowments, university endowments and sovereign wealth funds as investors, as a part of the tapestry of their investment base.”
www.washingtonpost.com/sports/2023/11/08/wizards-capitals-qatar-ted-leonsis/
In July, he became the first U.S. sports owner to take on Middle East investment. With team values skyrocketing and given the rising costs of running a franchise, Leonsis expects others to follow suit.
“You’ll see,” he said in a recent interview. “I believe other teams and other leagues will all be embracing pension funds, college endowments, university endowments and sovereign wealth funds as investors, as a part of the tapestry of their investment base.”
www.washingtonpost.com/sports/2023/11/08/wizards-capitals-qatar-ted-leonsis/