The Constant Sports Weekly

Sports is no longer a niche investment; it’s a full-fledged asset class. Franchise valuations have outpaced the S&P 500.

Conner Schenk

November 14, 2025

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Sports Becomes a $3 Trillion Asset Class

Sports is no longer a niche investment; it’s a full-fledged asset class. Franchise valuations have outpaced the S&P 500, and private equity continues to accelerate the trend. Recent moves show where capital is flowing.

  • Arctos Partners closes Fund II at $4.1B.
  • Apollo Global Management launches a $5B+ sports vehicle.
  • CVC Capital Partners forms a $14B Global Sport Group, the largest dedicated sports fund ever.
  • SURJ Sports Investment (Saudi PIF) and Enfield Investment Partners create a $4B global sports fund.
  • HxCo (Ryan Smith & Ryan Sweeney) raises $875M in two months, signaling VC-style scale in sports tech.

 

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NFL Expands Its Global Vision

The NFL is evaluating Saudi Arabia as a host for future international games. This is part of a strategy to expand its global footprint beyond Europe and Latin America. At the same time, the New York Giants are selling a minority stake to Koch Industries, signaling continued institutional entry into the NFL ecosystem.

 

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Meet Dan

 

Dan is the Founder & CEO @ Signature Athletics

“Building the First +$1B Youth Sports Ecosystem Designed to Leave No Kid Behind!”

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Sports Tech and Data Drive the Next Decade

Capital is chasing innovation in performance, fan experience, and analytics:

  • Ōura raises $900M Series E at an $11B valuation, led by Fidelity and ICONIQ.
  • Sharp Alpha Advisors launches a $150M non-dilutive fund for sports, gaming, and entertainment tech.
  • Cici Bellis, former WTA standout, is carving a niche as a next-gen sports tech investor.
  • The NHL doubles down on its digital and AI strategy, expanding partnerships with AWS, Apple, and Sony to power fan data, content, and analytics infrastructure.
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Youth & Emerging Sports Surge

Drew Brees’s flag football league just sold to private equity amid booming youth participation, while Travis Kelce is taking a swing at turning Six Flags into a mixed-sports and entertainment platform. The youth and fan-accessible sports sectors are attracting serious capital and new storytelling models.

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Become a Founding Member

We’re opening up the Constant Sports Community for free. It’s a space built for sports professionals, students, and leaders to connect, learn, and grow together.

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What to Watch Next Week

  • The Apple x F1 partnership rollout
  • Further private equity movement in NCAA and college sports
  • Sports prediction markets expanding post–DraftKings acquisition
  • Growing crossover between sports tech and wellness (Oura, WHOOP, etc.)

The Big Picture

Sports is evolving from entertainment into infrastructure. An investable, scalable, and tech-driven sector. Those who understand the intersection of capital, content, and community will lead the next decade of growth.