As franchise valuations reach new heights and institutional capital plays an increasingly influential role in sports, the dealmaking landscape is becoming more complex and competitive. Moderated by New York Islanders co-owner Jon Ledecky, this conversation brings together three of the industry's leading dealmakers, Rob Tilliss of Inner Circle Sports, Steve Greenberg of Allen & Company, and Gregg Lemkau of BDT & MSD Partners, for an inside look at the transactions reshaping professional sports. From franchise acquisitions and ownership stakes to private equity investment and innovative financing structures, the discussion will explore what drives valuations, how deals are structured and negotiated, and where the next wave of opportunities is emerging across the global sports industry.