Wall Street Hunts Sports Fees After Record $25 Billion in Deals
- 2023 was third year of record-breaking values for sports M&A
- Goldman, Raine and JPM lead advisory rankings in the sector
Chasing sports deals used to be seen as a niche pursuit. Now Wall Street’s leading dealmakers are competing for fees in everything from football to cage fighting, after takeover activity in the world of professional sports hit new heights.
Investment banks helped steer about $25 billion of sports-related mergers and acquisitions in 2023, Bloomberg-compiled data show, making it the third consecutive year of record-breaking transaction values in the sector.