Description: Major League Pickleball has named its newest team owner, and it’s a major beer brand. The rapidly growing sports league announced on Tuesday that Anheuser-Busch will purchase a Major League Pickleball team. The team will begin playing in the 2023 season.
Source: CNBC.com
Date: Nov 08, 2022
Link: https://www.cnbc.com/2022/11/08/major-league-pickleballs-newest-team-owner-is-anheuser-busch-.html
Questions for discussion:
- What are attributes that suggest this is the start of a new sport that will offer investment opportunities in a variety of products and services?
- What would those opportunities likely be for large companies like Nike, Addidas, or Lululemon?
- Do you think Anheuser-Busch is ahead of the pack or is making an investment error?
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