Nikola Vuković's Newsletter | Nikola Vuković, CFA | Substack

Sports is eating the US...for now

I want to touch on an important topic in sports investing – valuations. In this first part I am focusing on the US market.

Nov 30, 2025 • Nikola Vuković, CFA

Recent posts

Loan to own lending in sports

How two American funds became owners of Inter Milan and AC Milan

Feb 5 • Nikola Vuković, CFA

Private credit in sports

Private credit in sports is less talked about, but more scalable than buying teams

Jan 26 • Nikola Vuković, CFA

Demystifying Private Equity

I want to demystify some of the large private equity, which is still widely misunderstood

Jan 11 • Nikola Vuković, CFA

NBA Europe is not a slam dunk

Amid a flurry of ecstatic articles on NBA Europe's launch, I am laying a case why NBA Europe may fail.

Dec 19, 2025 • Nikola Vuković, CFA

Calling a spade a spade

American ownership of the European sports teams is increasingly out of touch with the local realities.

Oct 23, 2025 • Nikola Vuković, CFA

It's a great day to get sacked

What is the best job in the world to get sacked from?

Oct 19, 2025 • Nikola Vuković, CFA

Manchester United 2024/25 Financial Analysis

I have brushed up on my finance skills to analyse Manchester United's financial results.

Sep 24, 2025 • Nikola Vuković, CFA

Nikola Vuković's Newsletter

Nikola Vuković's Newsletter

Writing about investing and building in sports.

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