FinancialNewsMedia.com News Commentary

PALM BEACH, Fla., June 6, 2023 /PRNewswire/ -- Hundred of millions of people around the globe watch professional sports for fun, but can they also make money from it? Most people may think that the only way to generate profit from sports is through sports betting channels. The sorry reality for these methods is, the odds are stacked against you – the vast majority of sports betters end up with less money than they started. According to some, only 3-5% of sports betters are profitable in the long run. A perhaps lesser-known way of investing in sports teams is buying equity in the team if it is publicly traded on a stock market. Like any other stock, if the share price goes up in value, you can generate a positive return and vice versa. A report from 90MIN.com discussed Investing in Sports Stocks. The article said: "The reason a sports team would want to sell shares to the public is the same reason any other company would - to raise money. When a team lists its shares through an IPO (initial public offering), investors pay money up front for those shares which go directly to the sports team. In return, investors receive partial ownership of the team and can sell it at any time to another investor who wishes to buy that share. A team may wish to expand its stadium, acquire an all-star player, or raise salaries for staff. All these wonderful things cost money, and one avenue to generate a lot of cash is by selling shares of the team to the public. Active companies in the markets this week include: Brera Holdings PLC (NASDAQ: BREA), Manchester United (NYSE: MANU), Paramount Global (NASDAQ: PARA), WWE® (NYSE: WWE), DraftKings Inc. (NASDAQ: DKNG).