00:00Something we've all discussed before that the NFL has hard caps how much they can own. Does the MLB have
00:04the same structure?
00:05They do have some rules. P.E. firms are not allowed to become a majority owner of a single franchise
00:09and a single fund is capped at a 15 percent stake overall.
00:13And it's like everything in this ecosystem is hot because Ryan I know you were reporting on Rawlings that the
00:17company that makes a lot of baseball things.
00:20They make like that. The supplier. The supplier. Gloves and balls. The matchball supplier. Baseball things.
00:24The technical in a P.E. firm owns them. So what they're looking at selling it. So see their equity
00:28partners which is a fairly small firm based out in
00:31center in sort of obviously California. I don't want to get a correct here. But they are looking to sell
00:36their stake. They they own the majority of
00:38Rawlings. I mean it's 139 year old company that said they're the matchball supplier to the MLB. They co-own
00:44it actually with the MLB.
00:45And so they're looking to cash out. I think at this point it's still fairly early stages in the sale
00:49process. But I think it really gets at the
00:51heart of the fact that P.E. firms are looking to get into very high contact sort of sports and
00:56franchises.
00:58Yeah. Literally like anything gear teams. It feels like it doesn't matter. Every level right from youth sports to the
01:03pros.
01:03It's going all the way out and around the sports ecosystem as well.
Comments