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Originally Posted by Locke
Thats.......actually pretty apt.
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That's exactly it, at a best case scenario. Sports franchises are more how billionaires feel or are treated like royalty.
With the current consolidation of wealth there is a lack of pro sports teams for billionaires to take a bath on. Which is why MLS soccer appears to be a Ponzi scheme.
http://deadspin.com/is-mls-a-ponzi-scheme-1797509617
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One likely reason for the league’s furious expansion is the same dynamic that led to Steve Ballmer spending $2 billion to own the Los Angeles goddamn Clippers: There are suddenly a hell of a lot of people with ungodly amounts of money in the U.S., and only so many sports franchises: America now has 540 billionaires and only 123 Big Four teams. If you’re a rich dude with a jones to sit in an owner’s box and hire and fire GMs, MLS may be your best option.
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