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The league is run by the team owners. They would not be getting this money, only the soon-to-be former owner would. So that $10 billion wouldn't impact their de
by fineIllregister 5y ago
The league is run by the team owners. They would not be getting this money, only the soon-to-be former owner would. So that $10 billion wouldn't impact their decision. (Possibly it might have a positive impact on their teams' values, but they're more likely to see this arrangement as an anomaly. DAOs would have to develop the capacity to buy a significant majority of teams in the league to overcome this hurdle.)
Also, sports team owners feel keeping detailed financial info secret gives them an advantage in negotiations with the players' unions. This is why the NFL banned public teams like the Packers. Having so many owners would make it improbable that they could keep a lid on proprietary info, which in the end will cost them money.