PinHigh Sports LLC

A sports IP & analytics
company.

PinHigh builds benchmarks and standardized processes for a sports economy that has never had them. Private capital has accepted sports as an institutional asset class. The public-market and analytical infrastructure has not caught up. PinHigh builds it.

IndexRatingValuationIntegrityStrategyContent
The thesis

Sports institutionalized. The toolkit did not.

Tens of billions of private capital have flowed into sports over the past five years. CVC into Formula One. Silver Lake into UFC. Arctos across NBA, MLB, and motorsport franchise platforms. Sovereigns lengthening duration into rights, leagues, and venues. The category has institutionalized.

The public-market and analytical toolkit has not. Existing sports ETFs blend apparel, betting, and broad media into baskets where sports is incidental. Emerging-league marks lack the rigor institutional allocators require. There is no accountable, comparable rating for player form. Sports outcomes now trade on regulated venues without a defined information perimeter underneath them.

PinHigh closes the gap by building what the space never had. Where private capital prices these assets quietly and inconsistently, PinHigh builds the published, rules-based instruments the public side is missing: a benchmark index, a comparable player rating, a repeatable valuation process, and a defined integrity framework, surfaced through a strategy layer and a content layer.

“Any index can include Formula One. Only GSI excludes Nike.”On methodology discipline

What PinHigh is

Benchmarks and standardized processes, built where none existed.

PinHigh sits in the lineage of S&P Dow Jones Indices, MSCI, and FTSE Russell: durable, rules-based IP surfaced across multiple commercial channels. GSI is the benchmark, PFI the rating process, SAV the valuation process, SIRP the integrity framework. They are not four companies. They are commercial surfaces on one intellectual-property platform for sports as an asset class.

Products & layers

Six product lines. One distribution layer.

01
GSI

Global Sports Index

The benchmark. A rules-based equity index of public companies whose enterprise value is materially contingent on organized sport.

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02
PFI

Player Form Index

The rating process. An accountable, comparable form designation published weekly as the PFI Field Sheet, live in golf and Formula 1.

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03
SAV

Sports Asset Valuation

The valuation process. A component-based, ASC 820 audit-supportable fair-value methodology for franchises, rights, and minority stakes.

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04
PinHigh Marks

Sports Asset Valuations & Transaction Intelligence

The reference values. Quarterly independent fair-value marks on professional sports franchises, each with an Evidence Tier and a vintage.

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05
SIRP

Sports Information Risk Perimeter

The integrity framework. A role-based information perimeter for the sports event-contract and wagering markets. A concept and pathway.

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06
PinHigh Capital

Strategy Layer

The application layer. A concept under development for applying the Global Sports Index in an investment strategy. It is not a formed entity and is not offered to anyone.

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CONTENT · THE DISTRIBUTION LAYER

Substack, podcast, and social carry every product line. A door, not a brochure. View →

Contact

Direct inquiries to PinHigh.

info@pinhighllc.com

Licensing · Partnership · Materials

PinHigh / Products / GSI
Product 01 · The benchmark

Global Sports Index

A rules-based equity index of publicly listed companies whose enterprise value is materially contingent on the existence and commercial vitality of organized sport. Live since July 1, 2026, calculated independently by Solactive AG.

A methodology-disciplined benchmark.

GSI provides direct, liquid public-market access to the global sports economy through a disciplined, rules-based methodology. The index identifies companies whose enterprise value depends on the existence of organized sport, and excludes apparel brands, betting operators, lifestyle footwear, and broad media conglomerates regardless of sports exposure.

The index is governed by a formal rulebook with categorical exclusions, observable inclusion criteria, a tiered eligibility floor, and a semi-annual rebalancing protocol. Inclusion and weight are determined by rule, not discretion. Solactive AG serves as the independent calculation agent, with live daily calculation since July 1, 2026.

Documentation

Papers.

Available to qualified counterparties on request.

PDF

Factsheet

Benchmark definition, methodology, and constituent universe.

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PDF

Index Overview

Institutional overview of the index and its construction.

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PDF

White Paper

The case for a sports-economy benchmark and the methodology behind it.

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PDF

Rulebook

The governing methodology document.

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PinHigh / Products / PFI
Product 02 · The rating

Player Form Index

An accountable, comparable form designation for professional athletes, published weekly as the PFI Field Sheet. Live in two competition verticals: golf across the PGA Tour, DP World Tour, and LIV, and Formula 1 across the race calendar.

A comparable rating, not a feed.

Raw providers sell the data. Sportsbooks sell the price. PinHigh sells what sits between them: a gated, comparable designation with a published record behind it. Each player carries a held designation, a movement history that is itself the track record, a course-fit read, and a written analysis, refreshed after every start under a formal confirmation rule.

The published product is the PFI Field Sheet, a pre-event field publication carrying every competitor's designation, issued weekly for each covered vertical: golf ahead of each tournament and Formula 1 ahead of each Grand Prix. The same engine produces PinHigh Player Profiles, standing player documents with a live designation, a designation history, and structured analysis. The methodology is disciplined and gated; the public output is the read, not the internals. Public designations: SURGING, RISING, STEADY, DECLINING.

Documentation

Papers.

Available to qualified counterparties on request.

PDF

Product Overview

The rating process, designation framework, and licensable surfaces.

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PDF

Sample Profile

A worked Player Profile in the published format.

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Latest Field Sheets
GOLF

PFI Field Sheet · The Week That Ends in Paris

The weekly golf field publication with every player's designation.

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F1

F1 PFI Field Sheet · Azerbaijan Grand Prix

The Formula 1 field publication ahead of each Grand Prix.

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Read the public work Request materials

PinHigh / Products / SAV
Product 03 · The valuation

Sports Asset Valuation

A component-based, audit-supportable fair-value methodology for sports franchises, rights vehicles, and minority equity positions.

The mark, built to survive review.

Capital has flooded into women's and emerging professional sports, and funds, administrators, and auditors now have to mark these positions every quarter under ASC 820 with almost no specialist infrastructure to lean on. Mature-league multiples applied mechanically to emerging-league assets misstate value.

SAV decomposes a position into separately valued components, each evaluated on its own evidence rather than collapsed into a single multiple, with stage classification, source-tiering, strict separation of sourced data from analyst judgment, and a calibration register that tests every mark against subsequent transactions. The output is a recurring fair-value process a fund can rely on.

Documentation

Papers.

Available to qualified counterparties on request.

PDF

Methodology Working Paper

The framework, components, and governance architecture.

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PDF

White Paper

The valuation gap in the sports asset class and the case for a repeatable process.

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PinHigh / Products / Marks
Product 04 · The reference values

PinHigh Marks

Sports Asset Valuations & Transaction Intelligence. Quarterly independent fair-value marks on professional sports franchises, produced under the SAV methodology and published with an Evidence Tier label and a vintage date.

164
Covered assets at launch
4 + 40
US major leagues plus top European clubs
Quarterly
Vintage at calendar quarter-end
Tiered
Every mark carries an Evidence Tier
PREVIEW  Sample records illustrating the launch format. Values are placeholders pending the first published vintage.
The database

Marks.

AssetLeagueMark (equity)QoQTier

Full database access

The complete marks table, asset records, transaction register, and quarterly publications are available to subscribers and licensees.

Sign in to your subscription to open the full database.

A mark is a point-in-time opinion of the fair value of the whole asset on a control basis, stated as of the vintage date and produced under a fixed, published methodology. Select a row for the record behind the number.

Calibration events

Transactions.

A published valuation is evidence about somebody else's opinion. A transaction is evidence about the market. Every qualifying stake sale enters the calibration register, re-anchors the model, and is published with its implied whole-asset value and disclosed control adjustment.

AnnouncedAssetLeagueTypeStakeImplied valueStatus

The full transaction register is available to subscribers and licensees.

Reported figures pending confirmation against primary sources before entering the qualified calibration set. The full ten-year register publishes with the validation record.

How the numbers are made

Methodology.

Every mark is produced under the PinHigh Sports Asset Valuation framework and a governed operating rulebook. The primary market-approach indication is built from revenue and a transaction-calibrated league multiple, then reconciled to the most recent qualifying transaction and to all other material evidence. Comparables stay on a strict three-way split: control sales, expansion fees, and minority prints are never blended into one median.

For most North American clubs, which publish no accounts, revenue comes from published annual-list estimates, used for revenue only, and those marks carry evidence quality C.

Inputs are tiered by source quality, and published valuation lists are context only, never a primary basis. Each mark carries an Evidence Tier label that states the quality of the evidence standing behind it. No numeric error range is published, because the observed error record does not support the coverage such a range would claim. Amendments are prospective only, restatements are never silent, and the error log is part of the public record.

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How accurate are the marks?

We test the method by walk-forward validation. For each qualifying sale, we estimate the club's value using only the information that was available before the sale, then compare that estimate with the price paid.

Of 32 sales tested, 27 could be scored: 10 in the NBA, 6 in the NHL, 4 in the NFL, 4 in MLB and 3 in European football. The other five were excluded, each for a recorded reason.

Across the 27 scored sales, the median absolute error was 28.9 percent, and estimates sat above the realized price by 8.1 percent on average. Covering 80 percent of realized prices would take a range of plus or minus 53.9 percent, which is why no statistical range is published with a mark. Each mark instead carries labels that grade the evidence behind it, not the accuracy of the value.

We will update these figures as new sales are recorded.

PinHigh Marks are opinions of value produced by a governed process. They are estimates, not appraisals within the meaning of USPAP or any engagement standard, not fairness opinions, not investment advice, and not an offer or solicitation. Substantially all marks are Level 3 measurements under ASC 820 and IFRS 13. Marks are not suitable as the sole basis for any transaction, loan, or financial-statement valuation. PinHigh Sports LLC holds no positions in covered assets and accepts no compensation from any covered asset, its owners, or its league.

PinHigh / Products / SIRP
Product 04 · The integrity framework

Sports Information Risk Perimeter

A role-based information perimeter for the sports event-contract and wagering markets. It defines who can know an outcome before the market prices it.

Upstream of the trade.

Sports outcomes now trade on regulated venues, and surveillance can flag activity in those markets. It cannot, on its own, say who plausibly knew first. SIRP supplies the missing reference: a mapping of the role-based categories of persons who hold or can hold material nonpublic information bearing on an outcome, scored on materiality, lead time, and practical exploitability, and resolved into a graded exposure read.

The framework is instrument-agnostic, applying identically to event contracts, fixed-odds sportsbooks, and daily fantasy formats, because information that leaks into one venue is priced across all of them. It names no person, alleges no conduct, and reads no trade data. PinHigh is independent of surveillance tooling, trading venues, and remediation economics, and any engagement runs under a published conflicts protocol.

In July 2026, PinHigh filed a formal comment with the CFTC on its prediction-markets rulemaking, recommending that integrity infrastructure for sports event contracts include a documented, role-based information perimeter.Public record · RIN 3038-AF65

Documentation

Papers.

Available to qualified counterparties on request.

PDF

Product Overview

The perimeter architecture, scoring axes, and conformance framework.

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PDF

CFTC Comment Letter

PinHigh’s public comment on the prediction-markets rulemaking.

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PinHigh / Products / PinHigh Capital
Layer 05 · The strategy

PinHigh Capital

The strategy layer. A concept under development, not a formed entity.

Where the benchmark could become a strategy.

PinHigh Capital describes how the published methodologies could translate into an investable strategy built on the Global Sports Index. Any portfolio described in connection with it is hypothetical. It has no investors, holds no assets and is not offered to anyone, and nothing here is investment advice, an offer or a solicitation.

The discipline is the same one that governs every PinHigh product: rules first, documentation throughout, and an honest record.

Get in touch

PinHigh / Content
Layer 06 · The distribution

Content

Writing, podcast, and papers on sports as an asset class. The public record behind the platform.

A door, not a brochure.

PinHigh covers, predicts, and measures sports as the global, institutional asset class it has become. The Substack publishes the weekly Player Form work, the long-form essays on capital flows and league economics, and the valuation writing for the fund-CFO and administrator audience. The voice is institutional and first-person.

The public work is where the track record lives. It is written to earn attention and authority, build the accountable record behind PFI, and connect index methodology, player analytics, valuation discipline, and market integrity in one place.

PFI Field Sheets · Golf & F1

The weekly field publications. Every competitor's designation ahead of each tournament and each Grand Prix, and the running public record behind them.

The Market Stack

Sports capital. Ownership, league economics, and the flows reshaping the asset class.

The Perimeter

Integrity and market structure. Where sports outcomes meet regulated markets.

The Sideline Economy

The youth sports economy and the capital moving into it.

The Global Sports Ledger

The recurring record of the sports asset class: transactions, valuations, and capital flows across the leagues.

Read on Substack →

Papers

Long-form & white papers.

A selection. Full archive on Substack.

LEDGER

The Global Sports Ledger

The latest edition of the asset-class record.

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GOLF

PFI Field Sheet · The Week That Ends in Paris

The weekly golf field publication.

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F1

F1 PFI Field Sheet · Azerbaijan Grand Prix

The Formula 1 field publication ahead of each Grand Prix.

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ESSAY

Sports Has an Asset Class. It Does Not Have a Scoreboard.

The case for public benchmarks in sports.

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ESSAY

The Owner's Box Is Not for You

On access, valuation, and who actually gets to own the asset class.

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PinHigh / Merch
The clubhouse

PinHigh Merch.

The flag, worn properly. A small line of club-grade pieces in the PinHigh standard: cream, deep green, and the pin.

PinHigh crewneck, frontPinHigh crewneck, back

The Crewneck

Heavyweight cream fleece with the embroidered pin at the chest and pinhigh sports across the shoulders.

Order The Crewneck
PinHigh striped performance polo

The Stripe Polo

Green and white feeder stripe in a performance knit, with the pin embroidered at the chest.

Order The Stripe Polo
PinHigh club polo, cream with green collar

The Club Polo

Cream pique with a deep green collar and cuff, and the pin at the chest. The clubhouse standard.

Order The Club Polo
PinHigh range polo, white with green chest stripe

The Range Polo

White performance knit with a single green chest band and the pin set in the stripe.

Order The Range Polo
ORDERS  Orders are taken by email while the shop is fitted out. Checkout opens with the production site, and every button above is already wired for it.
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