Business of Sports

Sports Teams Should Open 'Floodgates' to Sovereign Wealth, Leonsis Says

Washington Capitals owner Ted Leonsis makes the case for franchises taking on sovereign wealth as investors over private equity.
Monumental Sports and Entertainment CEO Ted Leonsis during the Bloomberg Power Players New York event in New York on Sept. 4.Photographer: Victor Blue/Bloomberg
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Welcome back to the Business of Sports. Yesterday we hosted our annual Power Players conference in New York (stream the whole event here ) that featured Maria Sharapova and Karl-Anthony Towns . There was also a lot of news! If you didn’t make it, we’re going to break down the stories and gossip we heard into a helpful cheat sheet.

And check out our discussion on money and college sports here .