Marc Lasry Says Pickleball Offers Better Rate of Return Than NBA
- He agreed to sell his stake in NBA’s Milwaukee Bucks this year
- Lasry says he sees a ‘massive’ opportunity in sports investing
Marc Lasry, the billionaire co-founder of Avenue Capital Group, said he expects investments in upstart sports leagues like pickleball may offer a higher rate of return to investors than NBA teams.
“There’s massive opportunities in sports — but I think those opportunities are in smaller teams,” Lasry said Wednesday in an interview on Bloomberg Television, noting they could be in Europe and Asia.