Ownership
3 Arena Journal articles on Ownership, spanning 2022–2026 across Markets and Leagues. Analysis of how ownership shapes the business of sport.
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15 SEP2026Markets
The Franchise Premium Has Stopped Rising
For two decades, sporting assets appreciated faster than the revenue beneath them. Three consecutive quarters of control transactions suggest that relationship has broken.
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28 APR2022Leagues
The Forced Sale and the Limits of the Ownership Test
A sanctioned proprietor, a licence to operate, a court-supervised auction: this year produced a template for divesting a sporting asset under duress that nobody had drafted in advance.
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17 FEB2022Markets
Sovereign Capital and the Repricing of Trophy Assets
State-linked investment has changed the marginal buyer in elite sport. The effect is not merely higher prices — it is the removal of a valuation ceiling that private capital had enforced.
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