I would find another team to root for. Private equity is evil. It happened to companies I worked for three times. Each time benefits got nerfed, twice we had "unlimited PTO" inflicted on us. The last time I threw in the towel and retired.
Judging by how hard the Fenway Group tried to get rid of relegation I'm guessing our lack of a meritocracy in professional sports is only going to make it increasingly more attractive to PE.
I don’t understand how this can really work or why leagues are courting private equity cash. Even if it boosts franchise valuations (seems iffy to me) isn’t it horrible for a league if teams are saddled with billions in debt?
Not sure about MLB but as I recall the NFL just changed ownership bylaws in the last year or two to expand the stake PE can have. Previously it was limited to like 10% with no controlling interest. We haven’t seen the PE model exercised in pro sports. Yet.
But to this point that hasn’t stopped the prices from going up, just forced rich guys to partner together. Teams are still selling very fast and at record prices. Which goes back to my point, why open this door?
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(And now that I think about it... same difference?)
Vulture Capitalists.
Leaches on all society!