By Gary Volman, Russell Sanders and Jacob Waltman ( April 10, 2026, 12:49 PM EDT) -- Over the past decade, professional sports teams have evolved into one of the most compelling alternative asset classes in global finance. Once regarded primarily as trophy assets, sports franchises are now increasingly recognized for their long-term appreciation potential and strategic role within diversified investments. As interest accelerates, it is essential to understand not only the drivers behind increasing valuations but also the legal, governance and regulatory frameworks that shape who can own sports franchises, how investors participate economically and how and whether they can ultimately exit....