Quote:
Originally Posted by Jay Random
Whenever an asset is valued by Greater Fool Theory, that's a bubble and it always collapses sooner or later. And it's not ‘so-called’; it's a real term of art in economics.
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There’s 32 teams .
They aren’t making (or making very few ) anymore teams
The value of sports teams has gone up at a crazy rate . And every year the next sale blows away projected sale price.
And they are almost all cash flow positive - sometimes massively , have fixed costs for salaries in a salary cap , cities will pay for arenas to increase your revenue, huge steaming companies in Amazon and Netflix are now getting involved , and you get to compete with other billionaires and stroke your ego
Yeah sports teams are a bubble 🙄
I guess everyone but you and Gio are dumb (like always) ! If only everyone had the foresight to not be a fool you could save them from the billions they will make on team appreciation !