There used to be a time when sporting events were primarily viewed as spectator events. Sure, the odd gambling market emerged here and there, but if anyone wanted to make real money, this type of wealth mainly was reserved for big organizations and talented contestants.
Skip ahead a few years, and this model has changed. Now, anyone has an equal opportunity to invest in sports stock, bet on NFL odds, and make big money. That being said, let’s dive into this topic and explore the price, history, and projected success of sports stock.
Table of contents
Then and Now
The history behind sports stock investment, as noted above, has mainly at best been reserved for those with deep pockets. Moreover, in recent times with the COVID-19 pandemic, the sports stock market has taken a financial hit due to restrictions that prohibit events such as sports events and the gathering of large crowds.
But with more and more countries now opening up restrictions and society slowly returning to some semblance of normality, this might be the perfect time to invest. Some have estimated that the sports industry makes more than 1 trillion dollars annually. This amount may sound incredible, but remember that a large part of this money is from sports goods in retail stores, which presents an entirely different reason for investing in the sports market outside of the sports events themselves.
A Brief Overview on Pricing
As with all stocks and trading in general, the value is always changing based on the market. Moreover, you could get a great deal or a terrible deal based on how fickle and temperamental the market might decide to be on any given day. So before investing in any stock, it’s always wise to do your homework and know who you are investing your money in and why.
World Wrestling Entertainment (WWE)
When it comes to sports entertainment, some people do not take this type of sport seriously. In comparison to other sports activities, WWE is often treated as a less serious sporting event and therefore falls in the entertainment category. But remember, the WWE spans globally with fans that spend millions buying merchandise, making the WWE wealthy and the biggest company in its industry.
A recent multi-billion-dollar deal WWE has secured with TV networks plus their partnership with Saudi Arabia makes this company one of the wealthiest companies to date. While most companies were struggling to stay afloat through the pandemic, WWE increased its profits with the highest turnaround in years. Also, given that it’s a public trading company it might not be a bad investment.
Madison Square Garden Sports
Arguably one of the most famous places on Earth for hosting a range of sports events and other big shows, ladies and gentlemen, Madison Square Garden is open for business. Not exactly, but remember MSG is the parent company for the NHL’s, New York Rangers and the NBA’s New York Knicks. There might be good things ahead for the future.
Winter Resorts
With 37 locations spread around the US, Vail winter resorts are considered world-class leaders in skiing and snowboarding. Their venues also offer skiing and snowboarding lessons, and although COVID-19 has hit their business hard, things are expected to change as life slowly returns to normal. This could be another great investment opportunity.
In Conclusion
No matter how prepared we might feel, investing in any stock is a gamble like betting on the NFL odds. However, knowing the difference between a good investment and a bad one is important when playing in this field. Yes, the sports sector has been hit hard by the pandemic, but with things returning to normal, maybe it’s time to consider this an alternative income stream.
