Marguerite Alderton
Marguerite Alderton is Markets Editor of The Arena Journal, covering sports valuations, private capital and club finance. She joined the Journal at its founding in 2020 after a decade covering leveraged finance.
6 articles
London-
19 FEB2026Markets
Sport’s First Full Cycle as an Asset Class
Institutional capital entered the sector in a period of falling rates and rising rights. It has now experienced the other half of a cycle, and the returns are separating sharply by strategy.
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20 FEB2025Markets
Sport’s Debt Maturity Wall
A decade of borrowing at low rates is coming due into a market that prices sporting credit very differently. Refinancing, not revenue, is the binding constraint of the next three years.
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15 FEB2024Markets
The Regional Sports Network Unwind
Local media contracts signed against a subscriber base that no longer exists are being restructured through the courts. Franchises are discovering that guaranteed revenue was neither.
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16 FEB2023Markets
Multi-Club Ownership Goes Institutional
What began as opportunistic acquisition of feeder clubs has become a deliberate portfolio strategy, with a player-development pipeline as the principal asset.
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11 FEB2021Markets
Private Equity Learns the Language of Sport
Financial sponsors have spent two years bidding for league-level media entities rather than clubs. The structure tells you exactly which risk they are willing to hold.
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26 MAR2020Markets
The Ninety-Day Shutdown: What Happens When Sport Stops Selling Time
Live sport is not a content business but a scheduling business. When the calendar emptied in March, the industry discovered how much of its revenue was booked against dates rather than assets.
