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High-net-worth individuals still the power players in sports investment – Couchman

Ultra-high-net-worth individuals are in pole position when it comes to sports investing, according to Nic Couchman, partner at law firm Charles Russell Speechlys.

Speaking at the Sports Decisions Makers’ Summit in London today, Couchman said private wealth was still a more common and more sensible source of funding for sport rights-holders than private equity or venture capital, because its priorities are a better match.

Couchman said: “I do think the world of private wealth is in pole position. Highly wealthy people who have made their money, may have passion for a particular sport, that can move quickly, don’t have to go back to investment committees to make decision, they are entrepreneurial.”

“They fit the needs of sports in some ways where private equity money doesn’t quite.”

He said that sport should not expect the typical private equity funding to model to play out any differently in sport, saying: “private equity will come in, want to control everything, leverage a lot of value and move on.”