A Billionaire Bet $300 Million That Showjumping Was Underpriced. The Market Is Already Proving Him Right

Source: International Business Times

Pixabay Every so often, a niche sport stops being run like a pastime and starts being run like a business. Showjumping has just reached that moment, and it's galloping fast. Backed by McCourt Global, the investment firm of business billionaire Frank McCourt, the Premier Jumping League has launched with a guaranteed $300 million prize pot, the largest in the discipline's history.