http://www.thenewstribune.com/sports/mlb/seattle-mariners/mariners-insider-blog/article74324357.html Yep, we're never getting an MLB team here if a sorry ass team like that is worth that much.
Probably a mix of inflation and the fact that women are a growing audience, I mean that's a pretty underrated fact about today's sports landscape... 5-10 years ago you didn't see many women aimed advertisements for sports leagues or teams. So that's an added revenue stream.
because in the multi billionaire club, there arent a lot of things you can buy to one up your peers. owning a team gives you that juice. supply and demand.
With all the money rising to the top these days it must make it difficult negotiate a lower price amongst all the other billionaires. The Timbers were bought for 35 million or so and are now valued at about 140 million after only 5 years. I wonder what the blazers are worth? I heard a number a while back but I can't remember what it was.
Ever since Steve Ballmer bought the Clippers for an insane amount of money, it raised all sports franchises' values on the market. New ownership might be good for the Mariners though. They can't get any worse. I hate the fact that they broadcast their games into our town.
Theres also the that nobody has TV for regular programming anymore. People pay for sports, everything else can be done on online platforms. So this has substantially grown the monetary importance of sports franchises.
Teams make exorbitant profits because of expensive tickets. We need more supply to alleviate demand: The way to increase supply is to have 2 teams per city. In 1967, the NBA was doing too well, so some rich guys formed the ABA. You start the new league in smaller cities, then when you're financially established, you move into big cities and compete head on with the NBA. The NBA played hardball and outspent the ABA. In hindsight, the ABA should have been in the NBA's cities from the start. With cheaper tickets, valuation of each team would be lower.
Money is just lying around, with nothing better to invest it in. Since Reagan, all of this country's increase in wealth has gone to the top 1%. Trickle-down economics says, decrease their taxes so they can build factories. But they don't. They invest it in their own pleasure, driving up the prices of teams.
