EVENT RECAP: Inner Circle - Sports Investment Banking


Last Thursday, we had the pleasure of inviting in David Becker, from Inner Circle Sports, to discuss his career path and some of the things that differentiate sports investment banking from standard investment banking. The event was co-sponsored with STEBA, and we had an attendance of over 90 students!

Smit Purohit and Kunal Agrawal, two E-Committee members, began the event by presenting our weekly market update and discussing some of the recent headlines in the financial world. Mr. Becker then took over to introduce the firm, and discuss the basics of sports investment banking. Above, you can see him discussing the various valuation methods used in investment banking, and then narrowing down to the ones that apply specifically to sports teams. The discussion then turned to some recent activity in the space including the restructuring of the LA Dodgers, as well as Inner Circle's recent work with FC Liverpool.

This week we're going to switch the focus by beginning our Professor Series for this semester. Professor Robert Whitelaw will be coming in to discuss his recent research regarding exchange rates. Definitely be sure to come to this event, Thursday from 12:30 to 1:45pm!

Executive Board

Comments

Post a Comment

Popular posts from this blog

Ireland's Economic Comeback

Image
On Wednesday, the International Monetary Fund (IMF) released a billion dollars of financial help to Ireland, as the country complied with the requirements set up in its 2010 bailout plan. The plan, which saved Ireland from bankruptcy after it suffered a massive banking crisis starting 2008, is reaching its end, as Ireland is getting ready to start issuing sovereign debt again in December. However, the country has to reach a minimum annual growth of 2% for its debt to become sustainable. Ireland is now out of its second recession in five years with a 0.4% second quarter expansion. This positive data, however, falls short of the optimistic 1.3% growth over the entire year predicted by the Irish government. Irish exports have grown by 4.3% over the same period, while household consumption grew by 0.7%. The IMF decision came almost one week after other good news for Ireland: on Friday, September 20, Moody's announced positive forecasts on Ireland's sovereign debt, which it now judg
Read more

Obama pushes for diplomacy on Iran's nuclear program

Image
President Obama and Iranian President Hassan Rouhani both openly stated their support for a new diplomatic effort regarding Iran's nuclear program. Obama, addressing the UN General Assembly on Tuesday, stated that there was "basis for a meaningful agreement." In recent weeks, Rouhani, who was elected in June, has suggested that he is open to developing a program in which Iran is allowed to further their nuclear energy program but prevents them from building a weapon, claiming that a nuclear weapon program would "contradict our fundamental religious and ethical convictions." Obama said that Secretary of State John Kerry was working with the Iranian government to resolve the negotiations about Iran's nuclear program. In his statement to the UN General Assembly, he stated that success in the negotiations would be a "major step in a long road to a difficult relationship, one based on mutual interests and mutual respect," adding that "the roadblock
Read more

Ongoing Contact

Students today commonly use Twitter and Facebook and, therefore, they receive lots of information on a regular basis. Information comes to them in small bits many times each day. Therefore, the 48 to 72 hours between class meetings can seem like an eternity. It is little wonder that students often seem incapable of remembering what took place in the previous class meeting. The amount of correspondence they have received in the interim is probably massive. I don’t use Twitter because I can’t write anything in 140 characters but I use email A LOT. I want to keep the students engaged in the period between my classes. I want them to think about Financial Accounting every day not just when they are walking into class. The emails that I send to my students vary enormously from motivational to practice questions to simply informational. I often ask the students about these emails in class so they know they need to read them. Yesterday was our first class where we discussed ow
Read more