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Do the sports teams in your country 100% pay for their own stadiums? I mean, I hate that cities are held hostage over these billionaires, too.
They generally provide subsidies and tax breaks like they do all corporations, but any public stadium needs rent paid if it's used by a team. So even the ones that were built by the city charge rent to the big sports team.
That's the same thing we do. The rent is peanuts and before the stadium is paid of the team is demanding a new one.