#CNBC Ted Leonsis On Why Liquidity Is The Next Challenge Of Sports Ownership

They discussed how Ted Leonsis views his sports and media empire as a scalable, long-term business rather than a collection of passion projects. The conversation also covered the liquidity challenges facing pro sports owners and the growing influence of private-equity money in the industry.

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Chapters:
00:00 Introduction
00:19 Building a sports empire
04:58 Keeping it local
11:38 Pushing for liquidity

Reporter: Scott Wapner
Senior Producer: Nick Robertson
Senior Field Producer: Jessica Golden
Senior Managing Producer: Tala Hadavi
Edited by: Tim Hurt
Animation: Jason Reginato
Additional Footage: Getty Images

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