RedBird Capital's leadership is betting big on turning their current investments into marquee businesses that can go public. The playbook here is straightforward: build scaled operations in sports, entertainment, and team management, then unlock liquidity through public markets. What makes this interesting for the crypto and Web3 crowd? These traditional power players are increasingly looking at how blockchain and decentralized finance could reshape sports ownership, fan engagement, and revenue streams. If legacy sports franchises start tapping crypto-native capital sources or exploring tokenized equity models, you're looking at a major shift in how teams fund operations and generate shareholder returns. The leagues, teams, and studios RedBird is backing could become the bridge between traditional finance and Web3—essentially turning sports assets into liquid, tradeable instruments. This isn't just about IPOs anymore; it's about reimagining what "publicly traded" means in an era where blockchain settlement is faster and cheaper.