Toys for Billionaires: Sports Franchises as Trophy Assets!
Musings on Markets
AUGUST 25, 2023
The Saudi team bid for Mbappe reflected a broader attempt by the country to disrupt professional sports, with professional golf, in particular, in the cross hairs. Outside of the US, Manchester United is the highest-profile example of a publicly traded company, but it too is closely held, with control in the hands of the Glazer family.
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