CNBC’s Jim Cramer on Friday provided 3 stock choices for financiers who imagine owning an expert sports group however can’t pay for to pay up billions of dollars.
“Owning the common stock won’t let you weigh in on the trades or attend the owners’ meetings, go through the draft — you’re very much along for the ride — but you do get a real economic interest in these teams,” the “Mad Money” host stated.
“You’ve got a lot of options if you want to own part of a pro-sports team or even a whole league, but they’re not always the best stocks,” he later on included.
Here is the list of 3 stocks that Cramer suggests:
- Liberty Braves Group
- Formula One Group
- Endeavor Group
“I like Liberty Braves. I like this Formula One for pure plays and Endeavor for live entertainment and that terrific UFC kicker,” he stated.
Cramer included that he thinks Madison Square Garden Sports and Manchester United are “more or less okay,” mentioning that the previous’s stock is “totally undervalued, but there’s not necessarily a good way to unlock that value.”
As for Manchester United, Cramer stated that while the group might get an increase if competing franchise Chelsea Football Club is cost a great cost, he ‘d still “rather own something with better financials.”
Disclosure: Jim Cramer is represented by the skill company Endeavor.
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