I'd very rarely buy the shares of a non-salary capped sports team.
Unfortunately, for Juve, wages are rising at the pace of the growth of the others leagues (7-10%) and Juve is growing at ~3%. That screams secular pressure.
I'd all for a stock like MSG (of course, assuming the valuation is right), given that the NBA and the NHL keep salaries in check. The only team in world football I'd think of owning the shares of is Real Madrid because of its superior wage structure. Other than that: No Juve, No United, etc.
Most teams just funnel all revenue growth directly to the players. s**tty business...
Unfortunately, for Juve, wages are rising at the pace of the growth of the others leagues (7-10%) and Juve is growing at ~3%. That screams secular pressure.
I'd all for a stock like MSG (of course, assuming the valuation is right), given that the NBA and the NHL keep salaries in check. The only team in world football I'd think of owning the shares of is Real Madrid because of its superior wage structure. Other than that: No Juve, No United, etc.
Most teams just funnel all revenue growth directly to the players. s**tty business...
