Joining us live now from the Future of Global Markets conference in downtown Manhattan Avenue Capital, co-founder and CEO Marc Lasry, alongside Bloomberg Open Interest co-host Danny Berger. Danny, take it away. Katie, thank you so much.That's right. I am here with Avenue Capital's Mark Lasry. Mark, thank you so much for joining.My pleasure. First of all, congratulations. You've made the announcement.You closed your $1 billion sports investing fund. I think there's a lot of excitement around it. So now with ...

Avenue Capital CEO and co-founder Marc Lasry discusses the role of private equity in the business of sports with Dani Burger on "Bloomberg The Close." Avenue Capital announced the final closing of a sports fund launched in 2023. It drew more than $1 billion in capital commitments. ...

There's also this other argument that valuations have just been going up because we're in a bubble and perhaps that's why at least for now that sports investing is successful. I know the owner of AC Milan, Redbird founder, had argued that just earlier this year. Is he right.Are sports valuations especially in North America in a bubble. Well, that's a strange argument for someone who owns sports to make. When when I hear that, it typically comes from two different places.The first is just a a lack of informa ...

Core Insights - Gabelli Funds will host its 17th Annual Media & Entertainment Symposium on June 5, 2025, at the Harvard Club in New York City, focusing on industry dynamics, current trends, and business fundamentals [1] - The symposium will include discussions on Sports Investing, Media & Telecom Regulatory issues, and Advertising Panels, providing a platform for attendees to engage with leading companies in the media ecosystem [1][3] - A webcast option will be available for those unable to attend in person, ensuring broader access to the discussions and insights shared during the event [1] Presenting Companies - Notable companies participating in one-on-one meetings include Atlanta Braves Holdings, AMC Networks, Lionsgate Studios, Churchill Downs, Nexstar Media Group, Genius Sports, Reservoir Media, Gray Television, Rogers Communications, Live Nation Entertainment, Sinclair Inc., Sportradar Group, TEGNA Inc., TKO Group, and The E.W. Scripps Company [2] Panel Discussions - The symposium will feature several panel discussions, including "Sports Investing: Ways to Play," a TV Bureau of Advertising (TVB) Panel, and a Media & Telecom Regulatory Expert Session led by former FCC Commissioner Rob McDowell [3]