Stadium finance: After the flood
WEBINAR: 29 September 2021 at 10am NY/3pm UK. A look at how financing and revenue models for sports and entertainment facilities will change in the post-pandemic world.
Most professional sports teams have limped through 2020 and 2021 with their finances just about intact, and the middle of 2021 saw a clutch of international events go ahead without major incident.
In August 2020, when Proximo held its inaugural sports finance webinar, the levels of uncertainty and pessimism in the market were much higher. Now we plan to hold a follow-up session on lessons learned and the long-term impacts of the pandemic on sports finance and the wider business of sports.
This year’s session will look at likely capex requirements - whether there will need to be a wave of investment in existing or new facilities - and how the revenue mix of teams might alter in the coming years. We will look at whether the trend towards a small number of teams with global brands dominating domestic competition will continue.
The session will also examine credit considerations for bank and institutional lenders, look at whether governmental attitudes towards new sports facilities are evolving and ask if further profound changes to the business of sports are on the way.
- Sean Monahan, Partner, Choate (moderator)
- Peter Dorfman, Managing Director, Sports and Entertainment Specialty Group, Truist
- Keegan McDonald, Vice President, Oak View Group
- Henry Flynn, Director, U.S. Sports Sector Head, Fitch Ratings