Jim Cramer’s Top 3 Stock Picks For Sports Fanatics Looking to Own Their Own Pro Sports Team
Ever Dream of Owning Your Own Professional Sports Franchise?
Typically, buying a professional sports team or league would require many millions or even billions of dollars in capital to finance. However, there is one way that an average investor can stake his claim in the world of pro sports and own part of a franchise or promotion, with the option to invest as little or as much as they want.
How you may ask? There are several publically traded companies that own pro sports teams or leagues allowing any investor to buy in and become an owner in the pro sports arena.
Last week, Jim Cramer, host of the popular investing show Mad Money on CNBC, announced his top three stock picks for sports fanatics looking to get in on the action.
The Mad Money elaborated further, adding:
With that said, here are Jim Cramer’s top three pro sports stock picks:
1. Liberty Media Formula One Group (NASDAQ: FWONA) (NASDAQ: FWONK)
- Main Asset: Ownership of Top Motor Racing Promotion Formula 1
- NASDAQ: FWONA | Series A – 1 vote per share
- NASDAQ: FWONK | Series C – No voting rights
Formula One Group is made up of the company’s wholly-owned subsidiary Formula 1 (F1), the top motor racing promotion globally, and its additional minority investments, which include an interest in Liberty Media Acquisition Corporation (NASDAQ: LMAC) and an intergroup interest in the Braves Group. Formula One Group holds the exclusive commercial rights to the FIA Formula One World Championship, a motor racing competition where ten teams compete for the Constructors’ Championship, and the drivers compete for the Drivers’ Championship.
Top F1 teams include the likes of Mercedes-AMG Petronas, Oracle Red Bull Racing and Scuderia Ferrari. Featuring global superstars such as Lewis Hamilton and Max Verstappen, Formula 1 has exploded in popularity in recent years, thanks in part to the hit Netflix series Drive to Survive as well as 2021’s thrilling driver’s championship between Hamilton and Verstappen, which came down to the last lap of the last race.
Source: Netflix YouTube
Shares of Formula One Group are currently trading at $69.10 per share, up +0.13% on the day. YTD FWONK stock is up +7.55%.
Learn more about Formula One Group: Website | Investor Deck | FWONK Chart
2. Liberty Braves Group (NASDAQ: BATRA) (NASDAQ: BATRK)
- Main Asset: Ownership of Major League Baseball Team Atlanta Braves
- NASDAQ: BATRA | Series A – 1 vote per share
- NASDAQ: BATRK | Series C – No voting rights
The Liberty Braves Group consists of Liberty Media’s subsidiary Braves Holdings, which indirectly owns the Major League Baseball (MLB) team, the Atlanta Braves, and its minor league clubs and associated real estate assets.
Based in Atlanta, Georgia, the Atlanta Braves are the only current major league team to have played every season since professional baseball started. The Braves have won two National League wild card titles, 19 division championships, five National League pennants, and have won the World Series twice, most recently winning the crown in 2021.
Source: MLB YouTube
Shares of Liberty Braves Group are currently trading at $27.22 per share, down -1.25% on the day. YTD BATRK stock is down -3.59%.
Learn more about Liberty Braves Group: Website | Investor Deck | BATRK Chart
- Main Asset: Ownership of Leading MMA Promotion UFC
- Also Owns: Entertainment Agency WME and Sports, Fashion, Events and Media Company IMG
Endeavor Group is a global sports and entertainment company comprised of the top mixed martial arts organization in the world, the Ultimate Fighting Championship (UFC). Endeavor also owns the leading entertainment agency WME and the sports, fashion, events and media company IMG. Of the three companies owned by Endeavour, the UFC is likely the most recognizable name as the premier global MMA promotion led by its outspoken president Dana White features some of the biggest names in pro sports, such as Conor McGregor and the recently retired Khabib Nurmagomedov.
Starting in 1993 as a professional MMA organization, the UFC has revolutionized the fight business and now stands as a premium global sports brand, media content company and the largest Pay-Per-View (PPV) event provider globally.
Source: UFC YouTube
Shares of Endeavor Group are currently trading at $27.44 per share, down -2.3% on the day. YTD EDR stock is down -21.19%.
Learn more about Endeavor Group: Website | Investor Deck | EDR Chart
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Disclaimer: Wealthy VC holds does not hold a position in any of the stocks mentioned in this article.
