On Friday, CNBC’s Jim Cramer offered three stock picks for investors who dream of owning a professional sports team but can’t afford the billions of dollars.
“Owning common stock won’t get you in the way of influencing trades or attending owner meetings, going through the draft – you’re very ready for the journey – but you get a real economic stake in these teams,” a said the “Mad Money” host.
“You have a lot of options if you want to own part of a professional sports team or even an entire league, but those aren’t always the best stocks,” he later added.
Here is the list of the three actions recommended by Cramer:
- Liberty Braves Group
- Formula 1 Group
- Endeavor Group
“I love Liberty Braves. I love this Formula 1 for the pure games and Endeavor for the live entertainment and this awesome UFC kicker,” he said.
Cramer added that he thinks Madison Square Garden Sports and Manchester United are doing “more or less well”, saying the former’s action is “totally underrated, but there’s not necessarily a good way to unlock this value”.
Regarding Manchester United, Cramer said that while the team could get a boost if rival franchise Chelsea Football Club were sold at a good price, he would “always prefer to own something with better finances”.
Disclosure: Jim Cramer is represented by talent agency Endeavour.
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