How to get rich on sports with a few real estate deals
More than a decade ago, when Donald Trump was the billionaire and president of the United States, it seemed like every other major sport was up for grabs.
Now, it seems like every major sport is looking for new investors.
The latest: sports.
In a new piece published on Tuesday, Forbes says that the NBA is the most active company in the world for the third year in a row, while Major League Baseball is at the top of the list.
And the list continues to grow: Forbes says the NBA, MLB, NFL, NHL, NCAA and NCAAB are among the top 10 companies with the most venture capital investments in sports.
That’s according to the research firm’s annual list of the top 500 companies in the United Kingdom, the U.S. and other countries.
The most active companies on the list are in the NBA.
ESPN is on the top five, with its basketball team investing more than $1 billion in the sport.
The company has also partnered with the NBA on multiple ventures, including a partnership with the Cleveland Cavaliers.
The Cavaliers have had a successful partnership with Nike, a major sports apparel company.
Last year, the Cavaliers also partnered to bring Nike’s basketball team to Cleveland.
“The NBA is an incredible sport that has been growing rapidly, and we are thrilled to continue to invest in it,” ESPN President of Sports Business Scott Weiland said in a statement.
“The partnership with Adidas will provide a world-class brand with a rich history of sports apparel for the Cavaliers to wear, while creating opportunities for our fans to wear the iconic uniforms and gear that we have all grown to love.
The league is an ideal platform for us to grow our brand and help further our mission to grow the sport of basketball in the U., around the world and in communities all over the world.”
Forbes notes that this is the first year that the sports-entertainment industry has been included in the list, as it was in 2016.
The sports business has been a growth industry for many years, and Forbes notes that the industry has expanded by $10.4 billion in value since the year 2000.