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London fund Lindsell Train bets big on sport and entertainment rebound

Manchester United's Paul Pogba (Photo by Michael Regan/Getty Images)

London-based fund manager Lindsell Train has shown its confidence that the sports and entertainment sectors can bounce back from the Covid-19 pandemic, buying $90m of stock in the sectors in the second quarter of this year.

The firm, which was founded by Nick Train and Michael Lindsell and manages over £21.7bn (€24.4bn/$28.9bn), has increased its shareholdings in ESPN operator Disney, English Premier League Club Manchester United and scripted fight promotion World Wrestling Entertainment, according to the Financial Times.

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