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Goldman Sachs: Private Equity Squeezes Superrich Out of Team Ownership

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Goldman Sachs published "Playing for Scale," its second sports investing report, arguing that private equity is now pricing even the superrich out of owning teams. The report says private equity sports deals rose from 50 in 2018 to 192 in 2025, and 74 North American teams now count institutional capital among their owners. The report is aimed at the bank's private wealth clients and follows its 2024 edition, "Getting in the Game."

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Oct 28
  1. Fortune Term Sheet
    Goldman Sachs Report: Private Equity Is Pricing Even the Superrich Out of Team Ownership

    Private equity deals in sports rose from 50 in 2018 to 192 in 2025, and 74 North American teams now count institutional capital among their owners.

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