Sportfolio by Nikola Vuković | Substack

Stadium Financing

A primer on how stadium financing works.

May 6 • Nikola Vuković, CFA

Recent posts

No nonsense look at CVC's Global Sports Group

Deep dive into why GSG is more of a continuation fund than beginning of the new age of sport.

Mar 18 • Nikola Vuković, CFA

New sports valuation framework

This is the second part on valuations in sport, laying out a framework on how to think about sports valuations, with emphasis on valuation, price, and…

Feb 15 • 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

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

PIK Debt Financing in Football

A primer on PIK Debt, the hidden leverage behind club takeovers.

Jun 8 • Nikola Vuković, CFA

Math behind the size of PE fund’s investment

Why some investments are more important than others.

May 28 • Nikola Vuković, CFA

Motorsport Valley: the Silicon Valley of sport

A picturesque corner of England is the place to rollup an epic sport infrastructure platform.

May 18 • Nikola Vuković, CFA

Sportfolio by Nikola Vuković

Sportfolio by Nikola Vuković

Writing about investing and building in sports.