Sports franchises have shifted from being seen as ego-driven splurges to sound investments, thanks largely to the digital revolution that has increased the demand for engaging content and allowed teams to connect with fans all day anywhere. How do you buy a sports team? Well, you do your research first. Sakiewicz said there was plenty of competition for the franchise, with three main suitors and five potential new host cities vying for the club. The team had been playing at Connecticut’s Mohegan Sun since 2014, but the casino and resort was looking to get out of the lacrosse business while capitalizing on the league’s growth. Last fall, NLL commissioner Nick Sakiewicz called Marti to let him know the New England Black Wolves were available. How do you buy a sports team? Well, you start by answering the phone. Then, 2020 brought the opportunity to return to what is now called the National Lacrosse League, this time as an owner. As a partner at Columbus Circle Investors, he helped create their hedge fund business including starting and overseeing a healthcare-focused fund managing $1.5B, before going on to found Akera Capital in 2018. Having left lacrosse to focus on finance, he became a healthcare analyst and later a hedge fund portfolio manager. “I wanted to continue playing pro lacrosse,” Marti said in a recent interview, “but at the time, the pay was very low for a pro lacrosse player and with the work demands of an investment banker, I really couldn’t commit myself to playing.” An economics/business management double major at Brown, Marti was trying to juggle an analyst gig at Morgan Stanley with his athletic career. Oliver Marti retired because of it.Īfter playing lacrosse at Brown in the early 1990s, and finishing fifth all-time in the NCAA for goals per game, the British Columbia native joined what was then called the Major Indoor Lacrosse League in 1994. Some athletes go pro because of the money.
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