this post was submitted on 20 Oct 2023
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[–] SimpleManofPeace@alien.top 1 points 1 year ago (2 children)

It’s a grift to steal money from taxpayers to the hands of the billionaires. Because once the new stadium is built the team value goes up the owner has a higher net worth , and once the owner sells the team they make more money. It’s a con

[–] ThymeFliesBy@alien.top 1 points 1 year ago (1 children)

I guess the value may go up some just because they play in a nicer place? It’s not like they will own the arena so there’s not a tangible asset they gain

[–] SimpleManofPeace@alien.top 1 points 1 year ago

The cost of the area goes into the value of the team

[–] IHateYouKids@alien.top 1 points 1 year ago

He's it is and it has been the NBA business model for at least 30 years