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This all supposes that the sports team owners really are that: independent owners. Sure that’s what we call them, but it’s more accurate to say they are equity
by massysett 2mo ago
This all supposes that the sports team owners really are that: independent owners. Sure that’s what we call them, but it’s more accurate to say they are equity partners in a common enterprise.
It’s not interesting to say that a sports league controls whether there is a new team. Of course it does, just as an existing supermarket chain decides where to open new stores, or an airline decides what cities to fly to. Competition for a sports league comes from other leagues (not necessarily in the same sport) or from different forms of entertainment entirely.
- kevin_thibedeau 2mo ago> equity partners That implies equitable treatment. The reality is there is a class of filthy rich people that make a game of shaking down government bodies to pay for their entertainment venues so they can swim in more money on the public dime. Equitable would be if a public entity invests 60% into a stadium, they get 60% of the revenue. No billionaire grifter will allow that to happen.
- JumpCrisscross 2mo agoEquity as in stock
- b3ing 2mo agoBut they get to have their city/state name and a bunch of minimum wage jobs, and extra flight traffic for people and athletes that have no care about the area to come in and spend a few more bucks at chain hotels and restaurants that have their HQ in another state/city
- badpun 2mo agoWhat's the shakedown?
- kevin_thibedeau 2mo agoPay for my stadium or I move the team.