JPMorgan (JPM) Creates Sports-Focused Investment Banking Team

Per an internal memo seen by Reuters, JPMorgan (JPM) has set up a new dedicated sports investment banking (“IB”) team. The move comes as the Wall Street giant seeks to tap the increasingly profitable industry.The new IB team is expected to offer advisory and financing solutions for activities like investing in sports franchises to clients globally.Fred Turpin, the global head of media and communications investment banking, stated, “Sports has become an increasingly large asset class, attracting more and mor ...