On the latest episode of the Debtwire Municipals Muni Lowdown podcast, Managing Editor Paul Greaves talks with the Head of Securitized Products Research and Strategy at Academy Securities, Dr. Stav Gaon, about stadium securitizations.

Debtwire ABS Editorial Director Eric Homer and Reporter Kunal Kamal also join the podcast.

Dr. Gaon provides an overview of asset-backed securities (ABS) and how they typically work.

The discussion shifts to Dr. Gaon highlighting the growing interest in sports securitizations.

The dialogue segues into Dr. Gaon explaining how stadium financing is different than other types of asset-backed securitizations.

Dr. Gaon follows with a comparison of stadium securitization to municipal bond financing for stadiums.

The conversation moves to Dr. Gaon outlining the risks involved with stadium securitization.

Dr. Gaon details the key players involved in a stadium securitization deal.

The podcast closes with Dr. Gaon discussing aspects of certain ongoing stadium securitization