One of the San Antonio Spurs‘ partners in its ownership group, Sixth Street, reportedly plans to debut the first fund under its umbrella dedicated to investment in sports, according to Bloomberg’s Gillian Tan. Per the Bloomberg reporter, the fund will be used to invest in “sports teams and leagues, media rights and related businesses.”
Based in San Francisco, California, Sixth Street owns a 20% stake in the Spurs, and has previously invested $2.5 billion in sports-related investments as part of their portfolio of over $75 billion in overall investments. They are joined by Michael Dell and the Holt family in owning the Spurs, and co-invested with Sheryl Sandberg in Bay Football Club, a National Women’s Soccer League team.
The group has also invested in stadium operation rights for Spain’s Real Madrid soccer club, have bought a quarter of FC Barcelona’s La Liga television rights, and other, similar investments.
Should the San Antonio Spurs chase LeBron James? https://t.co/UKVfwpuYS7 pic.twitter.com/4eoAszya3L
— SpursWire (@Spurs_Wire) May 4, 2024
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