Jason Sugarman, the veteran private equity investor, is ready to talk about what he loves best after his family: sports. The financier has made quite a name for himself investing in professional sports teams, including Los Angeles Football Club, and Oklahoma City Dodgers. Mr. Sugarman also has investments in the e-sports teams Team Liquid, Marucci, and DSG Golf. He is also an active investor in L.A’s ever thriving restaurant scene as well.
Investing in LA Football Club with Celebrities
Mr. Sugarman is an investor in the Los Angeles Football Club, along with some other 26 people including former major athletes such as Magic Johnson, Nomar Garciaparra, and Mia Hamm. Both sports and movie star names are nothing new to the Club’s ownership team. Early last year, superstar comedian Will Ferrell became a part owner of the team. The Club’s ownership team is estimated to have a net worth over $4.5 billion.
Plans are already underway for the Club to have its own stadium at the Exposition Park, right nearby where the Lucas Museum of Narrative Art will soon be. The club is dropping a whopping sum of $350 million for its future home. The stadium will have an open-air design and high-end NFL-style amenities like private suites and a rooftop bar, according to Los Angeles magazine.
The L.A. Football Club is scheduled to debut in 2018 season with an in-house trained team. Right now, fans can get a peek at the Club’s activities on its official website.
Investing in Innovative Restaurants in L.A.
Mr. Sugarman, an alumnus of Stanford University, is a dedicated foodie who has invested in some of the best restaurants in L.A., including a chain of local BBQ restaurants in Orange County, The Viper Room, El Dorado, The Six at Studio City, new grass fed hamburger restaurant. The Viper Room is a legacy restaurant in the city frequented by A-list celebrities like Johnny Depp. It was once a favorite diner of Johnny Cash.
Mr. Sugarman loves classic American dishes, and he invests in restaurants that serve mostly American cuisine. It’s not always easy in L.A., where tastes are for gluten-free, low-calorie, vegan, and mostly sugar-free dishes. The foodie scene in the city has been reinventing itself to match the tastes of high-flying millennials as well as traditionalists always in the search for the perfect pork chop. Mr. Sugarman, himself a fan of both fusion and classic style dishes, prefers to invest in restaurants that focus on quality and innovation with an eye out for improving social engagement.
What’s Next for Jason Sugarman?
Mr. Sugarman is expected to continue with his significant sports investments in the future. He will be heavily invested in the debut of the L.A. Football Club, which has ambitious plans for the future. He will continue his involvement in the ever rising e-sports sector as well. As a restaurateur investor, he hopes to pour his money into both new and old establishments that embody the foodie spirit of the city. Mr. Sugarman would mainly be invested in his sports portfolio that he hopes to expand in the coming years.