Bloomberg Surveillance · Wednesday, September 16, 2026
Jim Zauter of Apollo Global Management views mainstream sports as a highly resilient sector with a low chance of obsolescence, making it an attractive investment. He highlights the consistent high viewership of sporting events and the firm's strategy of providing debt financing for unique assets like the Yankees, offering a margin of safety due to low loan-to-value ratios.
“What are industries, what are activities, what are businesses that will have a very low chance of obsolescence?”
“The last 50, 100 years, there's been more and more leisure time, leisure time activities, whether it's the whole travel, entertainment business, and other activities like that.”
“The loan to value is exceptionally low that you can make a loan at versus other comparative industries.”