Time: 2024-07-24
Sports are at the center of attention this summer with the Summer Olympic Games in Paris set to begin later this month . As spectators eagerly anticipate the thrill of competition , investors are also eyeing the opportunity to capitalize on the growing popularity of sports as a commodity . From professional sports franchises to equipment and apparel stocks , here are some ways to consider investing in the games.
Warren Buffett 's investment in Atlanta Braves Holdings last year has caught the attention of many investors , with the company 's market cap of .67 billion and a 21.71 % increase in shares since the investment . Other publicly traded professional sports franchises like Madison Square Garden Sports Corp. , Manchester United , and Juventus offer alternative investment opportunities for sports fans looking to diversify their portfolios . While individual stocks like these can be riskier , they provide a unique exposure to the sports sector.
Companies like Nike and Adidas , which supply sports equipment and apparel , present another avenue for investment in the sports industry . Despite Nike 's recent stock decline , the company 's strong earnings per share and dividend yield of 2.06 % make it an attractive option for investors . Adidas , on the other hand , has seen a 27 % year - to - date gain and pays a modest dividend , making it a solid choice for those looking to invest in sports - related stocks . Both companies are major sponsors at this year 's Summer Olympics in Paris , further solidifying their position in the market.
For those interested in alternative investments , platforms like FANtium offer the opportunity to invest directly in athletes by purchasing ownership in their prize money through NFTs . While this form of investment is relatively new and carries higher risk , it has gained popularity among professional tennis players and is now expanding to include professional soccer players . With the potential for significant returns , investing in athletes through platforms like FANtium offers a unique way to participate in the sports industry.
As the 2024 Olympic Games in Paris kick off this summer , the world of sports presents exciting investment opportunities for those looking to add a touch of entertainment to their portfolios . From traditional stocks in professional sports franchises to innovative platforms like FANtium , there are various ways to get involved in the sports market and potentially score gold medal performances in your investment portfolio.
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