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Originally Posted by Rutuu
Well...technically they do get to share in the absurd franchise valuation, because the extra revenue that drive those valuations comes out of the increased share of taxpayer/fans wallets that are captured.
Tickets will cost more, food will cost more, more corporate boxes will be a new revenue stream kinda, and the share of all the non-flames events they negotiated will also be a new revenue stream...
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Well the accepted thinking seems to be that pro sports teams don’t create new economic activity and tax revenue, they just replace other spending for the most part.
But truly, franchise valuations are not really driven by revenue and profits. It’s more about scarcity.