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Why Are Sports Teams Suddenly Worth So Much Money?
Published 1 month, 2 weeks ago
Description
From Liverpool to the Lakers: its been a big week in the world of sports team ownership.
Mark Walter's sale of his controlling stake of the Lakers, just 14 months after he bought it raised eyebrows in the NBA - as did the 25% profit he pocketed. Just days later Jeff Bezos bought 30% of Liverpool FC.
The sales are just the latest examples of a recent trend of sports teams going for whopping prices - particularly in the US. So what's behind it?
We also preview the upcoming English Premier League season, including debating whether Leicester City's longshot title was luck, or something more.