Big Money in Sports: The Power of Ownership Groups

Sports teams are becoming big business, with ownership groups worth billions. The top 20 sports empires alone are valued at a staggering $225 billion. These groups are like tech companies, managing valuable brands and teams efficiently. Ownership groups vary in what they own. Some have teams in different sports and countries. Others focus on one sport or one area. This diversity can help them grow and make more money. Stanley Kroenke's group is the most valuable, worth $21. 2 billion. It owns teams in the NFL, NHL, NBA, and even English soccer. Other groups, like Harris Blitzer Sports & Entertainment, also have teams in different sports and locations. Some groups focus on one area. Monumental Sports & Entertainment owns several teams in Washington, D. C. This focus helps them build a strong local brand. AEG Worldwide is different. It owns fewer teams but has many big venues. These include arenas in Los Angeles, London, and Hamburg. It also owns a ticketing company, showing how sports and entertainment mix. City Football Group is all about soccer. It owns Manchester City and teams in other countries. This global approach helps it grow in the soccer world. More changes are coming. Mark Walter is buying more of the Los Angeles Lakers. Woody Johnson is buying a bigger stake in Crystal Palace. This shows that sports ownership is always changing.