Formula 1 was acquired by Liberty Media for $4.4 billion in 2016, and it's now one of the fastest-growing sports globally.
They are up billions of dollars on the investment already, and it's one of the best case studies in business.
Here's the story 👇
The 3rd highest-earning athlete of all time?
Arnold Palmer.
Only two athletes have made more money.
• Michael Jordan
• Tiger Woods
The crazy thing? Mr. Palmer only made $3.6 million playing golf.
Here is how he grew his empire to $1.5 billion. 🧵
Was perhaps best @TheMasters Club Dinner I recall. Great company & conversation. Food was sensational! Best part was when Hideki Matsuyama, who doesn’t speak English well, gave a 3-min speech in English—without a single note. @GaryPlayer then responded. In Japanese. With notes.😉
Rory McIlroy has shown impressive leadership on the PGA Tour in recent months.
The 32-year-old has made $60 million on the PGA Tour.
What you might now know?
He's a businessman with his own VC firm.
Let's break down Rory's investments. 🧵
The Pittsburgh Penguins were recently acquired by Fenway Sports Group for about $900 million.
The interesting part?
A former Penguins player is set to make over $350 million from the deal because of one negotiation in 1999.
This is the wild story 👇