Sports Is a $3 Trillion Asset Class, Ares Chairman Ressler Says

Tony Ressler, co-founder of Ares Management, said even with the surge in valuations of pro sports teams around the world, investors are still undervaluing the opportunity.

“This is an asset class that we at Ares would argue is a $2.5 trillion or $3 trillion asset class,” Ressler said at Bloomberg Power Players New York.