A-Rod Says Blockchain Can Bring Sports-Team Ownership to Masses

Small-time sports fans could get a piece of big-time teams with the help of blockchain technology, according to baseball-player-turned-businessman Alex Rodriguez.

“With blockchain, I think millions of people around the world will have an opportunity to own a sports team, if not a small stake in one,” Rodriguez said at the Futures Industry Association conference in Boca Raton, Florida, Thursday. “We don’t have that opportunity, but tomorrow I think we will,” said the former Major League Baseball star also known as “A-Rod.”

Sports teams have been embracing the digital asset craze, forming partnerships with crypto companies and issuing ...