"
Finance

Are There Any Publicly Traded Professional Sports Teams?

Your options depend on your preference for geography (you might have more sway on a foreign exchange). Regardless, where there’s a will, there’s definitely a way. 

Publicly traded sports teams stocks, domestic and international

Domestically, there are limited options for publicly traded sports teams. The National Football League (NFL) doesn’t have any teams that are owned by publicly traded corporations. However, the National Hockey League (NHL), the National Basketball Association (NBA), and Major League Baseball (MLB) have a few options. 

Article continues below advertisement

Madison Square Garden Sports Corp. (“MSGS” on the NYSE) owns the New York Rangers (NHL) and New York Knicks (NBA).

Meanwhile, BCE Inc. is a telecommunications company that primarily owns the Toronto Maple Leafs and Montreal Canadiens. Despite being from Canada, both of the teams play in the NHL. BCE also owns the Toronto Raptors (NBA). 

Article continues below advertisement

Liberty Media Corporation (“BATRK” on the Nasdaq) owns the Atlanta Braves (MLB). Rogers Communications Inc. (“RCI” on the NYSE) owns the Toronto Blue Jays (MLB). 

Across the pond, Manchester United PLC actually trades on the NYSE using the ticker symbol “MANU.” 

Article continues below advertisement

You can find numerous international teams from the English Premier League on the OTC markets including Juventus FC (“JVTSF”), which is a soccer club more commonly known as Juve. 

How to invest in your favorite professional sports teams

Check the NYSE or Nasdaq for stocks of sports teams or their parent companies. Otherwise, you will have to head to foreign exchanges to do your bidding. 

Article continues below advertisement

Less commonly, people enlist the help of local brokers in their target country. Of course, this comes with a fee. 

The COVID-19 pandemic has drawn sports-related stocks down in the past 12 months, but that makes it a great time to buy. Frankly, people are eager to spend money on sports again. The domestic market is bound to reflect the return of the great American gathering. So, too, will the international space. 

View more information: https://marketrealist.com/p/publicly-traded-professional-sports-teams/

See more articles in category: Finance

Leave a Reply

Back to top button