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themomentaftero

Sports teams make money. Rich people like things that make money. Thanks for coming to my ted talk.


themomentaftero

Side note, stadiums constantly need upgrades which can be written off as business expenses on taxes.


nomoremammoths

Or you get the city that you play in to pay that massive bill for you. Sometimes a bill that is still being paid long after you've picked up and moved your team to another city.


kdjfsk

also sports teams are notorious for getting a city (more accurately, its taxpayers) to pay for a new stadium.


kdjfsk

a sports team is a business. its no different than buying a company. the new owners will also be in charge of hiring/firing of managers and coaches, which can have an effect on the team and the whole league.