✉news Sport Cricket first seen 2 d ago, last 2 d ago, peak #9

Blackstone president explains stake in Royal Challengers cricket franchise

Original: "In an AI world, there's abundance and yet some assets remain scarce.Those assets include sports, beachfront property, and perhaps works of art. They’re finite," said Blackstone President Jonathan Gray explaining why the firm bought a stake in Royal Challen

Blackstone President Jonathan Gray explained the firm's purchase of a stake in the Royal Challengers cricket franchise by pointing to scarcity as a driver of value. He argued that in an AI world, where abundance becomes the norm, finite assets such as sports teams, beachfront property and works of art will hold lasting worth.

Why now: A major private equity firm's investment in an Indian Premier League cricket team signals growing institutional interest in sports assets as scarce hedges.

Blackstone Jonathan Gray Royal Challengers Indian Premier League

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"In an AI world, there's abundance and yet some assets remain scarce.Those assets include sports, beachfront property, and perhaps works of art. They’re finite," said Blackstone President Jonathan Gray explaining why the firm bought a stake in Royal Challen · LinkedIn

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