Sports Stocks Beat Market In September, Led By Teams and Leagues – Sportico.com

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Sports teams and leagues led the JohnWallStreet Sports Stock Index to its second straight outperformance of the S&P 500, even as a volatile market dragged both the broad market and the sports index lower in September.

Sportico’s benchmark sports stock index declined 2.5% in the month, finishing at 1,693.74—a level that still means sports shares are up 19.4% year-to-date. The broad market, meanwhile, slid 4.8% in a volatile September that saw growth stocks whipsawed by fears over inflation and planned cutbacks in asset purchases the Federal Reserve Bank has used to support financial markets since the mortgage crisis of 2008. Still, the S&P is up 14.7% in 2021. The JohnWallStreet Sports Stock Index has beaten the S&P five of nine months this year.

The sports index gains came primarily from live sports in September. U.S.-listed Manchester United (MANU) added more than 10%, as the team disclosed a 140% spike in broadcast revenue, to the equivalent…

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