03/14/2005

IDD

by: Sandra Lea Abrams

...Investing in sports - or more specifically, buying a team - is no doubt an opportunity to be associated with fame and glory as well [as] seeing a financial return. In addition to private equity firms, hedge funds are also beginning to invest in sports. "Hedge funds on the debt side are already starting to get into the business, you will find they are buying pieces of the syndicated loans," said Galatioto, "If they see a yield they like, they will buy a piece." He says the hedge fund trend started 18 months ago...