The New York Times
Region: US
Friday 21 August 2026 16:45:00 GMT
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A B :
I also think sports leagues vastly underestimate how much legalized gambling is damaging the trust fans have.
2026-08-21 19:43:33
699
Jonathan Gibbs :
All teams should be like the Packers.
2026-08-21 20:32:00
135
ディオゲネス :
They are not customers. They are fans. Stop calling everone a customer. That is where it starts going wrong.
2026-08-21 17:27:36
243
Bama :
Torres is the clearest voice in sports.
2026-08-21 19:25:38
149
FireLogs🔥 :
Sports is shifting from blue collar crowds. They’re pricing out every day man
2026-08-22 02:26:00
17
ben :
imo sports teams are valued like fine art. Even though there is an underlying profitable business, the valuation is more dependent on the social appeal and the scarcity of owning a team.
2026-08-21 19:11:20
44
withzombies :
Look at NASCAR, they were on top in the early 2000s and it’s been downhill since then
2026-08-21 18:47:58
21
brubblehubble :
sports are as culturally foundational as music or visual media. the industry is a mess but it'll never go away.
2026-08-21 19:25:00
37
StoriesbyMat :
Wait, so then, you’d have to own the Lakers for 20 years to get your money back??? That doesn’t make sense, because the Walters’ ownership profited 2.5B after just one year! Granted, they didn’t intend to sell
2026-08-22 03:01:02
0
Ryan Hernandez :
If anyone wants to see how fans can be irrational and crazy, go the la clippers subreddit. They’re convinced Pablo is the worst journalist and want their billionaire owner to sue him
2026-08-21 19:56:57
126
Melissa_Dahl :
Go pack go babyyyyy
2026-08-22 03:53:55
0
NoStaticAtAll :
This has been said for a long time and values continue to climb. These aren’t normal businesses, owning one is like owning a Picasso, limited inventory makers the market.
2026-08-22 04:09:52
0
GreenBloodPhila :
Definitely a bubble .....$7 for bottled water and $16 for a can of beer ....it's WAY out of control and Im out
2026-08-21 19:44:55
14
Scott :
Speaking as someone that was a huge baseball fan my whole life, but then had my team stolen from me, it is very possible to lose large swaths of the population of fans.
2026-08-21 17:25:34
90
Groovy Tony :
Owning a sports team is like owning a rare piece of an art series
2026-08-22 03:37:59
0
NormalGuy :
Directly related to why there are no sports teams in Oakland where the fans are some of the best in the country. Why the Chicago Bears, despite having a passionate fan base, are going to play in Indiana. Why the NY Giants and Jets don't play in New York. Billionaire owners are fleecing tax players and dumb mayors and tricked red areas are voting their stadiums in and selling us $12 water.
2026-08-21 19:36:28
58
80 Proof Media // Records :
He is foregetting AI and meme. SpaceX’s valuation was waaaay higher and just as crazy. And so many doof buyers face val’d that calc that an iffy at 50 stock is trading at more than twice what it rationally should. Greenspan was problematic to be sure but he did one thing right when he came up with the term irrational exuberance. The only prob? That dook by OAF on the now. We need a new term… stupefying exuberance? Now, how does one look at a brand like the Lakers as a financial commodity next to Apple, NVidia, P&G, Ford, etc? They aren’t tech, they aren’t trad manufacturing, there is obvs IP, dynamic rev streams, a clear growth path via international expansion, even trad assets like Staples Center. The real fear is that next gen consumers turn away from the corporatist money squeeze and spend more time on soc and esports, or even back-to-nature doings. Take a hike instead of watching a live game. And forget about the live in person experience. That is for a shrinking set of fanatics and the uber wealthy. Hmmmmm.
2026-08-22 04:02:59
0
notmyrealname84 :
Private equity never make things better why would sports be any different.
2026-08-21 23:49:27
7
Knightclub :
Private equity ruins everything. It’s all just about maximizing shareholder profit now for these teams. They know fans will eat up whatever they put out there
2026-08-21 23:02:50
5
vintagez2hunt :
I’ve been saying this about the nba if it’s so profitable why are so many owners selling ?
2026-08-21 18:59:03
14
Jason Ramsey :
I can say that as a 53-year-old man who used to voraciously watch NFL football and NBA basketball, it's very easy to walk away from it. I can't tell you the last time I watched a full football game or a full basketball game. it's literally been at least a decade.
2026-08-21 17:15:45
11
SuperDadwaiting :
I have given up on buying tickets to sporting events. I’ll go if it’s free
2026-08-21 18:26:49
10
johnjack998 :
Yes it is a bubble. To much money chasing sports and soon the music will stop
2026-08-21 17:52:06
9
Anuj Sathe :
Boxing used to be a leading sport in the USA... not quite the same anymore
2026-08-21 17:51:53
8
Gray Lankford :
Sports and Musk Companies
2026-08-21 18:18:55
5
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