Sports Debt Expected to Be Newest Collateral for Securitizations, Academy Says

Ticket sales to sporting events could become collateral for the next type of debt securitization, according to a Tuesday note from Academy Securities Inc., especially as more investment firms snap up shares of professional sports teams.

Private equity firms are buying stakes in sports teams more frequently, at the same time that more stadiums are being built or renovated. That dual dynamic should fuel sales of debt backed by sports facilities, which include ticket sales, and other sports-linked debt, according to Stav Gaon, a strategist at Academy.