CNBC’s Jim Cramer on Friday offered three stock picks for investors who dream of owning a professional sports team but can’t afford to pay billions of dollars.
“If you own the common stock, you can’t participate in the trades or attend the owners’ meetings, go over the draft — you’re very involved — but you get a real commercial interest in these teams,” said the Mad Money host .
“You have a lot of options if you want to own part of a pro sports team or even an entire league, but those aren’t always the best stocks,” he later added.
Here’s the list of the three stocks Cramer recommends:
“I like Liberty Braves. I like that Formula 1 for pure games and Endeavor for live entertainment and that great UFC kicker,” he said.
Cramer added that he believes Madison Square Garden Sports and Manchester United are “more or less fine,” explaining that the former’s shares are “completely undervalued, but there’s not necessarily a good way to unlock that value “.
Referring to Manchester United, Cramer said that while the team could get a boost if rival franchise Chelsea Football Club were sold for a good price, he “would rather own something with better finances”.
Disclosure: Jim Cramer is represented by talent agency Endeavor.
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