Investing in the Game: The Role of Private Equity in the Sport Industry

This thesis investigates the rising trend of private equity investments in sports teams, providing both theoretical and practical perspectives. It reviews the private equity market, its historical development, and the shift towards private investments. Focusing on motivations and strategies, the study analyzes key financial metrics and valuation methods specific to sports investments. The case study of Silver Lake's stake in City Football Group illustrate entry and exit strategies, operational improvements, and value creation. The thesis also evaluates the benefits and challenges of these investments, comparing them with other types of investments. Through academic literature, industry reports, and real-world examples, the research offers a comprehensive understanding of private equity in the sports industry, contributing to the field of sports finance and private equity markets.