Buying Your Own Sports Team (with Stocks)
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 16 June 2026
⏱️ 21 minutes
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| 0:00.0 | Buying sports teams on Motley Fool Hidden Gems Investing. |
| 0:10.0 | Welcome to Motley Full Hidden Gems Investing. I'm your host, Tyler Crowe, and today I'm joined by longtime Fool Contributors, Lou Whiteman, and Matt Frankel. |
| 0:17.0 | So it's been a big week in the world of sports. We had the New York Knicks win the NBA finals. We had the Carolina Hurricanes when the NHL finals. We have a very large football or soccer |
| 0:26.8 | tournament that has global implications going on, but for trademark reasons, we can't say the name. |
| 0:32.6 | But all of this just kind of has sports on our mind. So we're going to talk about owning sports |
| 0:37.4 | teams through publicly traded companies. We're also going to hit the mailbag, but first we want to start with the news of the day, and what we saw was Robin Hood announced that they are going to lay off about 10% of their workforce. Now, Matt, when I first see this, we've seen a lot of layoffs lately. So my question is, was this a |
| 0:54.4 | layoffs for a good reason, layoffs because they're in trouble, or perhaps just a nothing |
| 0:58.9 | burger? Well, it depends whether you believe what Robin Hood is going to tell you or not. So |
| 1:03.7 | we've seen this with many companies so far, right? Robin Hood is going to frame this as either |
| 1:09.3 | a move toward efficiency, streamlining operations. |
| 1:14.1 | The AI tools are making it more efficient to do, you do more with fewer people, et cetera, |
| 1:19.7 | et cetera. We've seen that time and time again. And to be fair, it's true to some degree. And plus, |
| 1:25.2 | Robin Hood's CEO has been very vocal lately about the need to control costs |
| 1:28.9 | and get margins up to where they should be. But on the other hand, it's worth noting that Robin Hood, |
| 1:33.5 | like many other companies, kind of overhired during the 2021, 2022 period, even after a couple |
| 1:39.9 | of layoff rounds in 2022 and 2023, there are still many more people working for Robin Hood than there were before the |
| 1:46.1 | pandemic era. |
| 1:48.0 | My general take, and this is just generalizing, is that a 10% cut to a workforce rarely |
| 1:53.6 | happens when everything is going as well as expected. |
| 1:57.3 | Something is going slower than management expected it to be. |
| 2:00.7 | We'll dive into what that might be in a little bit, |
| 2:03.3 | and whether it's good or bad to reduce the workforce in response, |
... |
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