The COVID-19 lockdown has had a major impact on almost all aspects of life, and among other things has put the world of sport into some perspective.
However, for those of us who were looking forward to the climax of the football season, a summer of English cricket, the Tokyo Olympics, Wimbledon, summer rugby tours and many other events over the next few months there is a gap...
An interesting piece in today's FT suggests that the private equity industry still sees lots of upside in the world of sport, and that the continued trend toward professional investment in sport is here to stay.
As we’ve already told you, CVC has been all over rugby, having exited its investment in Formula One. And the hedge fund Elliott Management has gained control of AC Milan in Italy and extended its football foray with an investment in the French club Lille. Meanwhile, Silver Lake has bought a stake in the owner of English football club Manchester City. Now, with football leagues and clubs facing a perilous situation as the coronavirus pandemic stops play, private equity is sensing more opportunities.