JPMorgan forms sports investment banking team -internal memo discloses

JPMorgan Chase has revealed a dedicated team focused on sports investment banking, aiming to leverage the industry’s increasing allure. As revealed in an internal memo obtained by Reuters, the bank has formed a “sports investment banking coverage group” to offer advisory and financing solutions for various sports-related ventures on a global scale.

Recognizing the Rising Importance of Sports Assets

Fred Turpin, the global head of media and communications investment banking, underscores the growing significance of sports as an asset class, attracting the attention of institutional investors worldwide.

Experienced Leadership and Track Record

Eric Menell and Gian Piero Sammartano will co-lead the newly established team, both reporting to Turpin. Sammartano will continue to report to Burkhard Koep, the head of Telecoms and Media EMEA. JPMorgan’s involvement in notable sports deals, such as Sir Jim Ratcliffe’s recent investment in Manchester United, highlights its established presence in the sports financing sector. Additionally, the bank’s track record includes financing stadiums for numerous teams across major U.S. sports leagues and globally.