Apollo, Ares to Open Professional Sports Investments to Retail Clients

Apollo, Ares to Open Professional Sports Investments to Retail Clients

Only the richest investors can afford to place big bets on professional sports teams that generally come with billion-dollar price tags. Don’t look now, but retail investors may have just found a bookie.  Some of the leading alternative investment managers, like Apollo and Ares Management, are working on new funds that would open the exclusive world of sports investing to individual investors. Ares’ top chief Michael Arougheti reportedly said fi…

Apollo and Ares expand sports investment platforms

Alternative asset managers Apollo Global Management and Ares Management are deepening their push into the global sports ecosystem, as investor appetite for long-term exposure to professional leagues and franchises continues to accelerate, according to a report by Bloomberg. Ares is preparing to launch a new media and entertainment-focused vehicle designed for individual investors, in a move that signals growing retail demand for access to the sp…