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February 16, 2009

Private investment in Sports continues to thrive

Although Mr. Petty, CEO of Toronto's Maple Leaf Sports & Entertainment private company, did not know how the Fall 2009 ticket sales would go, seems as if sports is one place that still has profits.
Spanish soccer fans are spending their pocket money on uplifting events. You can see Real Madrid and FC Barcelona came in 1st and 3rd place in terms of revenues.
As an aside, George Bush invested $850,000 into a baseball team and reaped $15M from the investment when he exited. Now if only he had done that sort of turnaround private equity investing magic for the USA.

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