According to Jim Cramer, sports fanatics should consider purchasing these three stocks.
- On Thursday, CNBC's Jim Cramer suggested three stocks for investors looking to own a professional sports team.
- Owning part of a pro-sports team or a whole league can provide a lot of options, but they may not always be the best stocks, he stated later.
On Friday, CNBC's Jim Cramer suggested three affordable stock picks for individuals who aspire to own a professional sports team but lack the financial resources to invest billions of dollars.
The "Mad Money" host stated that although owning common stock does not allow you to participate in trades or attend owner meetings, you are still part of the ride and receive a genuine economic stake in the teams.
Owning part of a pro-sports team or a whole league can provide a lot of options, but they may not always be the best stocks, he stated later.
Here is the list of three stocks that Cramer recommends:
- Liberty Braves Group
He said, "I enjoy Liberty Braves for their pure plays, Endeavor for live entertainment, and the UFC kicker."
Cramer stated that he believes and are "more or less okay," and that the former's stock is "totally undervalued, but there's not necessarily a good way to unlock that value."
While the sale of rival franchise Chelsea Football Club could potentially benefit Manchester United, Cramer stated that he would still prefer owning an asset with stronger financials.
Disclosure: Jim Cramer is represented by the talent agency Endeavor.
Join the CNBC Investing Club to receive updates on Jim Cramer's market moves.
cnbc-tv
You might also like
- Parsons is a 'great company' in Cramer's Lightning Round.
- Tanger CEO discusses the significance of tenant vacancies in the company's operations.
- Salesforce, Snowflake, and Domino's earnings are on Cramer's radar for the week ahead.
- Herb Greenberg claims that Reddit's IPO is an "AI play."
- Despite a challenging market, Builders FirstSource CEO asserts that housing demand remains 'robust'.