Sixth Street’s Sports Bet Depends on Infrastructure and Global Growth
Sixth Street co-founder Alan Waxman told Bloomberg’s The Deal that sports investing only works if patient capital can stay in place long enough for media rights, global audiences, infrastructure and adjacent real estate to support rising team valuations. In a conversation with Alex Rodriguez and Jason Kelly, Waxman argued that the firm’s stakes and investments across the Patriots, Spurs, Celtics, Bay FC and European football are built less around short-term private equity exits than around scarce assets, durable leagues and alignment with long-term owners.
Bloomberg Originals·May 14, 2026·12 min read
