In a panel discussion on the booming business of sports ownership, Clara Wu Tsai, co-owner of the Brooklyn Nets and New York Liberty, emphasized the growing potential of women's sports, noting rising viewership but underdeveloped revenue—just 2% of the NBA’s current media deal. She anticipates major gains when the WNBA negotiates new media rights. Meanwhile, Marc Lasry, Avenue Capital CEO and former Milwaukee Bucks co-owner, expressed no regrets about selling his team for $3.5 billion in 2023, even as NBA team valuations keep climbing. He's now focused on investing in niche sports and leagues for high returns. Joining them was Alex Rodriguez, who, with Marc Lore, recently acquired ownership of the Minnesota Timberwolves and Lynx. The trio reflected on key factors for success—chemistry, leadership, and understanding players' needs, even down to quality showers.
"Emerging leagues, if you're right, you can make ten, twenty times your money"