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JPMorgan launches new sports advisory group as deals heat up in football, rugby and baseball

JPMorgan joins rival Goldman Sachs in launching a dedicated sports advisory team

Manchester United sold a controlling stake to billionaire Sir Jim Ratcliffe in February
Manchester United sold a controlling stake to billionaire Sir Jim Ratcliffe in February Photo: Robbie Jay Barratt - AMA/Getty Images

JPMorgan has launched a new team of dealmakers to focus on sports deals, as large investment banks look to cash in the rush to snap up everything from Premier League football teams to Major League Baseball clubs.

The new group, called sports investment banking coverage, will be led by New York-based Eric Menell and Gian Piero Sammartano, who is in London, according to an internal memo seen by Financial News.

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