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Investment Firm Avenue Capital Explores Opportunities in Sports Investing

2024-05-06 21:57:29.200000

Avenue Capital Group, led by CEO Marc Lasry, is considering investments in the sports industry, including women's sports and Premier League soccer. Lasry mentioned the Avenue Sports Fund, which has made investments in the PGA Tour and other sports leagues [3dcd7d3f]. Lasry highlighted the growing interest in women's sports, citing the high viewership of the women's NCAA championship. He also commented on the current state of the US economy, noting the challenges faced by Americans due to inflation and higher costs of living. Lasry discussed the opportunities in credit investing and the risks associated with concentration in certain stocks. He advised fellow investors to work hard and be lucky to achieve success [3dcd7d3f].

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