Table of Contents

• Joe Tsai sells Nets minority stake to Koch family …

• The strategic investment playbook of Munich Re: Le …

• Top Tickers

• Oil land buyer LandBridge makes a nod to crypto mi …

Subscribe here to Playmakers Brew

Joe Tsai sells Nets minority stake to Koch family after eye-popping $6B valuation

Billionaire Julia Koch has agreement to buy 15 percent stake in Nets, Liberty’s BSE Global

Julia Koch has an agreement to buy a 15 percent stake in BSE Global, the parent company of the Brooklyn Nets, New York Liberty and the Barclays Center, BSE Global announced Wednesday. The deal puts the valuation of the company at near $6 billion.

Joe Tsai and Clara Wu Tsai will maintain control of BSE and will still run both teams, but the transaction will also give Koch a right to make a first offer if there is a sale of control of the franchises.

“We are pleased to welcome Julia Koch and her family to BSE Global,” Joe Tsai said in a news release. “Mrs. Koch’s commitment to New York institutions is an invaluable addition to our franchise. The Nets have a special bond with the Brooklyn and broader New York communities, and we are looking forward to working with Mrs. Koch and her family as we increase investment in our franchise.”

This move echoes the trend of high-profile individuals investing in sports, as seen with Miriam Adelson's acquisition of the Dallas Mavericks. Koch’s involvement is poised to bolster the Nets and Liberty, fostering growth and innovation.

Check the story

The strategic investment playbook of Munich Re: Lessons for elite athletes

MEAG focuses primarily on alternative investments: around 34 billion euros of the assets under management are invested in infrastructure projects and forestry investments, among others.

Munich Re, a global reinsurance giant, manages a staggering portfolio worth over €345 billion through its asset management arm, MEAG. The firm’s approach to investments, characterized by a strong focus on alternative assets and sustainability, offers invaluable insights for wealthy elite athletes looking to secure and grow their wealth.

At the helm of MEAG, Andree Moschner oversees a vast array of assets, with a significant portion allocated to alternative investments. This strategy, which diverges from the volatility of traditional stock markets, aims to deliver stable and attractive returns. Of their total of 49 billion euros in alternative assets, or around 15 percent of our total assets of 345 billion euros, 34 billion euros are illiquid investments: in infrastructure, private equity, loans, forests and agricultural land. They have also invested 15 billion in real estate. Areas that promise substantial yields and long-term value appreciation.

As the financial landscape evolves, the strategies employed by leading institutions like Munich Re will continue to provide valuable insights. Athletes who adopt these principles will be well-positioned to navigate the complexities of wealth management and achieve lasting success.

By focusing on alternative assets, sustainability, and long-term growth, athletes can build resilient portfolios that withstand market volatility and secure their financial legacies.

Check the story

Top Tickers

Some of the most active and relevant securities and quotes (compared to previous day's closing price)

Oil land buyer LandBridge makes a nod to crypto miners in $320M IPO

LandBridge has a huge amount of land in the middle of America’s oil country, but it also says it can make big money off crypto miners.

LandBridge, a Houston-based land acquirer, has launched its IPO, positioning itself as a unique player at the intersection of the oil and crypto mining sectors. With 220,000 surface acres and 4,180 gross mineral acres in the Permian Basin, LandBridge aims to leverage its land for diverse commercial ventures, including crypto mining.

LandBridge’s IPO will test the market's appetite for crypto-adjacent investments amidst regulatory scrutiny and evolving market dynamics. With a solid foundation in traditional energy, the company’s pivot to include crypto mining reflects a strategic blend of innovation and stability.

Shares are set to price next week under the symbol LB on the NYSE, with Goldman Sachs leading the offering. As Texas remains a hub for crypto mining, LandBridge’s venture could significantly impact the sector.

Landbridge said it plans to sell 14.5 million shares through the IPO priced between $19 and $22. The midpoint of the proposed range would give the company a $1.5 billion market cap, according to IPO filings.

Check the story

Then, in a world where brand image hinges on star endorsements, what happens when that star doesn't make the cut? The case of Jack Grealish and Hellmann’s mayonnaise and the Euro 2024 provides an interesting case.

Despite Jack's exclusion from England’s Euro 2024 squad, Hellmann’s has persevered with its BBQ-themed campaign, featuring the star midfielder. Marketing experts highlight that while Jack’s absence from the national team might have been a blow, the campaign's broader appeal and prior investment had already secured substantial engagement.

“Grealish not making the team isn’t a big issue for Hellmann’s,” explains Tim Crow, former head of international sports marketing agency Synergy. “They’ve had their value out of Grealish. Plus, for the ‘big eventers’ who Hellmann’s is targeting, his selection or non-selection is unlikely to alter their purchase behaviour.”

And for those who prefer currywurst, it doesn't matter anyway...

Feel free to enjoy the rest of the day as much as possible!

Irg

Subscribe here to Playmakers Brew