CNBC’s Jim Kramer on Friday 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 will not allow you to weigh trades or attend owners’ meetings, go through drafts – you’re too far ahead for the journey – but you’ll find real economic interest in these parties,” said host Dr. Mad Money.
“If you want to be part of a pro-sports team or even own an entire league, you have a lot of options, but they are not always the best stock,” he added later.
Here is a list of the three stocks that Kramer recommends:
- Liberty Braves Group
- Formula One group
- Endeavor Group
“I like Liberty Braves. I like this Formula One for pure drama and Endeavor for live entertainment and that awesome UFC kicker,” he said.
Kramer added that he believes Madison Square Garden Sports and Manchester United are “more or less right,” noting that the former’s stock has been “completely devalued, but there is not necessarily a better way to unlock that value.”
For Manchester United, Kramer said the team could get an incentive if the rival franchise Chelsea Football Club were sold at a good price, yet he “would rather own something with good finances.”
Disclosure: Jim Kramer is represented by the talent agency Endeavor.
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