Goldman Sachs Group Inc (NYSE: GS) is reportedly gearing up to provide affluent clients a chance to acquire a share of ownership in a private sports team.
The bank is establishing a dedicated "sports franchise" division within its investment banking segment, merging sports-related mergers and acquisitions with sports financing.
A primary objective is collaborating with asset and wealth management to present affluent clients with investment prospects in teams, stadiums, and other high-profile sports ventures.
While Goldman has not Full story available on Benzinga.com