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City AM
City AM
By Frank Dalleres Goldman Sachs is betting on the flurry of investment in sports teams continuing by creating a dedicated global sports franchise division. The investment banking giant has previously worked on the sales of Chelsea, advising eventual buyers Todd Boehly and Clearlake Capital, and Formula 1 to Liberty Media. Now it is stepping up its efforts to facilitate further deals via its new unit, to be called Sports Franchise in Investment Banking, according to reports. The division will pitch opportunities to buy or invest in sports teams to super-rich clients, tapping into the expertise …
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