Malcolm Hitching and Tarun Patel Discuss PE Interest in the Sports Industry in Reals Deals Magazine
With the market seeing a growing private equity interest in sport, finance partner Malcolm Hitching and private equity lawyer Tarun Patel have talked through the issues facing potential investors in the space for Real Deals magazine.
Malcolm Hitching explained the difficulty in valuing sports clubs compared with more conventional businesses, due to risks faced by clubs such as relegation, which can affect income streams from TV and broadcasting rights. Based on their recent discussions with stakeholders in the sector, both he and Tarun Patel outlined what appears currently to be the more typical route for investors into the sector, being the acquisition of data analytics businesses, broadcasting or media companies. For the full article, please click here.