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https://collectable.com/disclaimer/

According to Collectable, you are buying ownership interest (membership interest) in an LLC, but not in the underlying asset itself. Anyone considering investing in this should read the page linked above thoroughly.

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Investors are able to acquire membership interests in only a series of a Collectable Entity, a Delaware series limited liability company (the “Company”), via the Collectable platform and app (the “Collectable Platform” or “Platform”). The use of the word “Share” or ”Stock” in any Communication refers to membership interests (an “Interest” or “Interests”) in a series of a Collectable Entity (a “Series”).

The Company is structured as a Delaware series limited liability company that issues different Series of Interests specific to one or more collectible underlying assets (“Underlying Assets”). Each Series of interests is not a separate legal entity, but is intended to segregate assets, liabilities, profits and taxes pertaining to the Underlying Asset from each other Series of Interests (which may own other assets).

Each Offering entitles a person to acquire an ownership Interest in a Series of the Company and not, for the avoidance of doubt, in (i) the Company, (ii) any other Series of the Company other than the Series of Interests subject to the Offering at that time, (iii) Collectable Sports Assets LLC. (the “Manager” and the “Asset Manager”), (iv) the Collectable Platform or (v) any Underlying Asset held by each Series of the Company.



Risks relating to the structure, operation and performance of the Company

An investment in an Offering constitutes only an investment in that Series and not in the Company or directly in any Underlying Asset.
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Here is some good advice from Collectable.

"Prospective investors are not to construe the contents of the Communication as legal, business or tax advice. Each prospective investor should consult its own advisors as to legal, business, tax and related matters concerning the subject matter of the Communication and any applicable Offering."