70 days since the first sports cancellation – seems unbelievable, right? When the closest you’ve gotten to the live sports you’re used to is marble racing and anxiously waiting for Sunday night’s circa 2000’s for The Last Dance, you know it’s real. The COVID-19 pandemic has affected us all in more ways than one, and while no sports for 2+ months is at the top of the “first world problems” list, it’s a void left unfulfilled for many people.
And because we know we’re not the only ones missing out, we’re excited to take a new twist on the Alternative Investment road in today’s episode and talk sports; particularly professional sports team/eSports investing and team valuations. So to help us dive deep on this, we’ve got CEO, Bob Rief, and COO, Josh Moscot of The Audible Group (TAG), to talk about purchasing part of a sports team, LA surfing, Jerryworld, if the pandemic is good/bad for sports, Arnold Palmer as the GOAT, how in the hell eSports works, Wayne Gretzky trivia, what league comes back first, what happens to salary caps, and building a Quant factor model to value a pro franchise.
About The Audible Group
The Audible Group’s foundation is rooted in growing the value of sports assets by integrating its innovative strategies to deliver maximum value in an existing operating structure. The Audible Group has been established as a “relationship broker”, business accelerator, and media & content rights consultant/negotiator for companies looking to break into the professional sports and entertainment marketplace. The Audible Group was established on November 1, 2001 by Bob Reif following a successful career at some of the world’s most prestigious sports and entertainment businesses including IMG, the Indianapolis Motor Speedway/ Indycar Series and the sports businesses of Wayne Huizenga – Miami Dolphins, Florida Marlins, Florida Panthers, Sports Channel Florida, Pro Player Stadium, the Miami Arena, the Homestead Motorsports Speedway, the National Car Rental Center, and its in-house agency Front Row Communications.
Find the full episode links of The Derivative below:
Follow along with our guest on LinkedIn, follow Trading Technologies on LinkedIn, Facebook and Twitter, and check out their website for more info.
The performance data displayed herein is compiled from various sources, including BarclayHedge, and reports directly from the advisors. These performance figures should not be relied on independent of the individual advisor's disclosure document, which has important information regarding the method of calculation used, whether or not the performance includes proprietary results, and other important footnotes on the advisor's track record.
Benchmark index performance is for the constituents of that index only, and does not represent the entire universe of possible investments within that asset class. And further, that there can be limitations and biases to indices such as survivorship, self reporting, and instant history.
Managed futures accounts can subject to substantial charges for management and advisory fees. The numbers within this website include all such fees, but it may be necessary for those accounts that are subject to these charges to make substantial trading profits in the future to avoid depletion or exhaustion of their assets.
Investors interested in investing with a managed futures program (excepting those programs which are offered exclusively to qualified eligible persons as that term is defined by CFTC regulation 4.7) will be required to receive and sign off on a disclosure document in compliance with certain CFT rules The disclosure documents contains a complete description of the principal risk factors and each fee to be charged to your account by the CTA, as well as the composite performance of accounts under the CTA's management over at least the most recent five years. Investor interested in investing in any of the programs on this website are urged to carefully read these disclosure documents, including, but not limited to the performance information, before investing in any such programs.
Those investors who are qualified eligible persons as that term is defined by CFTC regulation 4.7 and interested in investing in a program exempt from having to provide a disclosure document and considered by the regulations to be sophisticated enough to understand the risks and be able to interpret the accuracy and completeness of any performance information on their own.
RCM receives a portion of the commodity brokerage commissions you pay in connection with your futures trading and/or a portion of the interest income (if any) earned on an account's assets. The listed manager may also pay RCM a portion of the fees they receive from accounts introduced to them by RCM.