The new firm initially plans to invest in the companies that serve sports teams and entertainment franchises or that help monetize their intellectual property
Velocity Capital Management is joining a small but growing group of specialized investment firms seeking to capitalize on the booming sports and entertainment industries.
The new firm, launched by veteran sports investors David Abrams and Arne Rees, initially plans to invest not directly in sports teams themselves, but in the companies that serve those teams and entertainment franchises or that help monetize their intellectual property.
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