Poll: Sports Attack
“Which US sports league will be back first after lockdown?”
- 29%: NFL – National Football League
- 26%: NBA – National Basketball Association
- 24%: PGA – Professional Golfers’ Association
- 14%: MLB – Major League Baseball
- 7%: MLS – Major League Soccer
We have some in the community voting based on the commercial value of each sport, others on the popularity, and others on the social distancing possibilities.
The practice of sports betting has been legalized in the United States, so this is a very real dilemma for Flutter Entertainment’s FanDuel and competitor DraftKings, which happens to be a bookie hot with the bulls. It’s up 300% since reverse merging onto the stock market late last year, and it’s up 100% this month!
We saw Tiger Woods, Phil Mickelson, Tom Brady, and Peyton Manning get back on the green last week for a charity round of golf. Those guys had no problem keeping two meters apart. It’s the contact sports where things get trickier; football, soccer, and if you’re trying to stay out of your opponent’s grill; baseball and basketball.
The football leagues in Europe are nearly all back up and running, albeit behind closed doors. The players, ref, and coaching staff get tested, and then the action is beamed to fans online. It could be until next year before stadiums refill, so clubs will suffer from a lack of revenues. However, the government is glad to have the sport back on show for the public, and Disney’s ESPN is relieved to have something to air finally.
We can’t see all our sporting heroes kick it on the court, but we can track their investing outperformance. The Invstr Sports Star Index will feature the aggregate winnings of Michael Jordan in Nike, Shaq in Apple, Noah Syndergaard in Tesla, Lyndsey Vonn in Beyond Meat, and many more. The scoreboard constantly changes in markets. Stay on the look out!