Inflation or not, price of pro sports teams keeps going up
Inflation isn’t going to hurt the bankrolls of sports team owners
By JIMMY GOLEN
Published - Nov 24, 2022, 05:35 AM ET
Last Updated - Jun 23, 2023, 11:17 AM EDT
Inflation isn’t going to hurt the bankrolls of sports team owners.
In fact, it may help.
While the uber-rich will have to pay a little more for their eggs at the grocery store – just like everyone else – inflation isn’t likely to affect the bottom lines at their sports properties.
“I’m resting pretty easy if I’m an owner,” said Tim Clarke, a senior analyst at PitchBook, which researches private financial markets. “That’s how people are viewing assets of the professional sports industry. They’re just not going down.”