Play ball: Rising valuations and private equity inflows signal a new era in sports investment
Standard Chartered and DBS Private Bank have launched funds in the sports market for wealthy clients
Add BT as a preferred source
[SINGAPORE] What do Singapore’s remisier king Peter Lim, Malaysia’s Berjaya Corp founder Vincent Tan and Thailand’s former prime minister Thaksin Shinawatra have in common? They are part of an elite circle of ultra-rich who own or have owned top-flight football clubs.
More are expected to join their ranks. Industry watchers said interest in sports investing is growing, as major sports leagues and teams seek alternative capital financing options.
Standard Chartered (Stanchart) on Apr 14 introduced a new alternative fund focused on sports for ultra-high-net-worth and high-net-worth clients of its Global Private Bank.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Abandoned ‘Titanic’, failing ‘ancient towns’: Why China’s tourism boom leaves white elephants behind
BlackRock said to be in exclusive due diligence for Capri by Fraser China Square
‘Very low chance’ that US-Iran deal reverts energy flows to South-east Asia through Hormuz: Bloomberg Economics
Tiger Beer lines up new products as Singapore operations’ role shifts from brewing to innovation
