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NBA/NFL as a whole grows it’s multi-billion dollar revenue annually, participates in profit sharing, has no real competitors to steal the best upcoming talent, still has potential in several markets around the world, with absolutely no end in sight.of course not I read what other experts say on the topic.
here's warren buffet on the subject if you'd prefer a non sneaker forum poster;
Yeahyah it's not black or white, obviously it's not completely divorced from economics.
both play a part, I just think the exclusivity drives more irrational bidding, which pushes the price higher, than people purely bidding off of investment value.
Not even mad at it.Giannis really got the juice. Because this kid looked out of place in summer league
but i just found out that kostas got relegated to FranceGiannis really got the juice. Because this kid looked out of place in summer league
but i just found out that kostas got relegated to France
NBA/NFL as a whole grows it’s multi-billion dollar revenue annually, participates in profit sharing, has no real competitors to steal the best upcoming talent, still has potential in several markets around the world, with absolutely no end in sight.
That fact pattern would lend a more favorable multiple & discount rate for any team in any market with any amount of fans….. because those teams are still generating hundreds of millions & will continue to
Any ownership fandom is a far, far, far distant factor to the flip potential.
He too....was also someone who probably was not an NBA player .
The Alphabet boys got an older brother too. I don't know how tall he is but if I were him...I'd get in the gym for a year or two and try to get me a quick 10 day.
Nate Duncan or Danny leroux used the same exact comparison for nba owners. Maybe they were parroting buffet but they used the art/boat comparisonof course not I read what other experts say on the topic.
here's warren buffet on the subject if you'd prefer a non sneaker forum poster;
It's so much more than that man. Sports teams are massive tax loopholes. You get to deduct the cost of the sports team against your annual income for the ensuing years, you get massive lack of liquidity and lack of marketability discounts for holding them as part of your estate and transferring them.
There's WAY more financial gymnastics involved that people just don't talk about. Sports teams are in their own pocket of finance that really isn't tied to reality.
The returns are massive AND you basically get to claim you're losing money the whole time.
How mad you think Francis is?He too....was also someone who probably was not an NBA player .
The Alphabet boys got an older brother too. I don't know how tall he is but if I were him...I'd get in the gym for a year or two and try to get me a quick 10 day.
Yes, but few things have an earnings growth rate that can increase in perpetuity. In fact having an infinite time horizon for growth rates breaks the logic of how earnings growth works.everything is a tax loop hole if you're rich enough.
If you 1.7 billion invested someplace you can borrow against the asset and never pay taxes.
pro publica did a big piece on this
The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax
ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth — sometimes, even nothing.www.propublica.org
if you rich enough to buy a team, you can avoid taxes just fine. without buying a sports team