Inflation or not, price of pro sports teams keeps going up - News Summed Up

Inflation or not, price of pro sports teams keeps going up


Inflation isn't going to hurt the bankrolls of sports team owners. "I'm resting pretty easy if I'm an owner," said Tim Clarke, a senior analyst at PitchBook, which researches private financial markets. Inflation surged this year to levels unseen for four decades, slowing the economy and raising prices for consumers from the checkout line to the gas pump. On the contrary: A franchise can be a safe place to park money and ride out a bear market. A handful of high-profile teams are currently on the market.


Source: Forbes November 24, 2022 10:52 UTC



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