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Pablo Torre, host of “Pablo Torre Finds Out,” joins Natalie Kitroeff on “The Daily” to talk about why sports may be the last great asset in the attention econom…
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That's what happens without any fear of relegation
money is money, owners are owners, and business is business. Free markets ebb/flow...what is the big deal here?? Who cares who owns what?
Pricing out the average American fan.
This person cheapens the NBA these crooks should not buy an NBA team or at least own for at least 10 years.
Why is Jane Wickline interviewing Pablo?
There’s nothing Americans can’t ruin with capitalism/
There's a whole class of less common leagues offering way better fan value
Only 20 billions?
Rollerball.
One thing I will say that he mentions that needs more explanation.<br><br>In the MLB, teams do NOT need to win to make a profit. The Florida Marlins for example this year has a payroll of 85 million but thanks to the tv deal and revenue sharing, they got 140 million from it BEFORE their own ticket sales
<a href="https://www.youtube.com/watch?v=4hyhVMsakdE&t=1160">19:20</a> this is the Pittsburgh Pirate's fans problem. One of the lowest roster payrolls, however one of the most profitable organizations. Ownership doesn't invest in the team other than the bare minimum to put as much money in their pockets
american sports are garbage anyway, no skill, passion or art, just a canvas for advertising.
Boys! NASCAR is still affordable to watch, attend and enjoy. I know people roll their eyes at racing sometimes, but it's legit one of the best times you can have when attending an event
Yes! there saved you 30m... and everyone should have seen it coming. valuations keep going out waaaay ahead of profits
Bummer. I initially read the title as "Sports Betting Bubble" and got excited.
Yes, because that’s how it always works out
The cities should own the teams.
New York Times trying to figure out what Capitalism is
Always follow the money
someone is still going to win the championship every year
Sports teams go on on Line services or internet companies who spend a fortune for sports rights and we have to pay. We are just a money machine now.
Fans won’t love and pay anything. Case in point: this year’s US Open. Tickets prices were around $300 for a day ground pass. And during the 1st few rounds of night matches, the stadiums were half empty.
In a sense, it’s corporate money laundering
Pablo Torre you just killed the one guy who could
People can't let themselves be held hostage by the organizations. Toronto Maple Leafs just released new prices and standing room tickets were $220 to mid-week games against non-rivals. Fans have to say "Enough is enough", and start consuming differently.
The problem with Fans and random people in general is that they believe these Billionaires and Kazillionaires will use their money to make our lives better. That a Billionaire will buy their team they root for, invest capital and improve the chances of winning by buying. It doesn’t work, if anything, the product gets worse a lot of the time. They are investing to make money and nothing else.
I gave up sports in 2000s and I don't regret it.
The game of basketball has gotten so boring to watch. Can't wait for another 3pt competition, whoohoo, not.
I hope he does a story about the celtics as well
The busiest man in america!!! Good for him for finally getting his shine😊
CAPITALISM<br>We don't need to build communities around sports teams
For me, it's already popped. I'm out. Don't even know why I'm listening to this podcast as I care can't afford to care about the machinations of pro sporting leagues. Now and then, I do tune in for a laugh at the absurdity of it all though.
In the era of empty calories when it comes to the consumption of news Pablo is carving out a niche for himself as an investigative reporter and we need that desperately.
Watching this, I'm reminded of the worst period of ownership for the Cincinnati Reds was when it was owned by one of the (then) richest people in the country, Carl Lindner. Carl spent to get Ken Griffey Jr. on the team that had a miracle season in 1999, and then they flopped. For years. Until Carl finally sold the team to current ownership. (Sure, the current owners are no picnic either, but this is about Carl.)<br><br>How could a team that did so well in 1999 and added one of the most exciting players in MLB during the offseason flop so hard, with such a rich owner at the helm? A big part of it was Carl's insistence on the Reds turning a profit every year, and the only way they'd get more investment from the Big Man was if they did turn a profit. Otherwise he cut the salary pool and ballpark/team services. <br><br>I find Private Equity's purchase of stakes in sports teams to be an eerie reflection of Carl's belief that he could run the Reds just like one of his other businesses. The Reds' fan base has been seriously damaged over the years from both Carl's and the current ownership's management, and it has never recovered. (You'd have thought Marge Schott had ruined the team, but Carl said "Hold my beer.") Private Equity probably wouldn't care about the average fan at all as long as they have just enough whales out there to buy everything they're selling concerning the sports teams.
ARE SMARTER THAN EVER
OLD AMERICA
Money freeken ball on steroids
She had me at "Eagles fan". ☺ Go Birds! 🦅
Economics is the world
There are teams that have abused their teams' trust. Look at the Pittsburgh Pirates or the Cincinnati Bengals. Not Private Equity ownership, just bad owners who don't prioritize winning over "good business". Can we see in the data any evidence that those franchises have lost fans? I think it's time to stop just asking questions and bring some facts to these conversations about what the future looks like
The mad dash into gambling by all of the pro (and college) sports leagues is a hedge against losing fan loyalty. If they can get away with alienating fans by their constant gouging and bottom line decisions, and fill that hole with gambling revenue, turning pro sports into nothing but content for the growing array of betting platforms, then they'd be more than happy to do so. THAT is private equity in a nutshell.
they'll cut overhead and raise prices. that's the only trick. they turned the entertainment industry into Joe Rogan. they turned a nation of two paper towns into the NYT, inc. they're going to ruin ballgames, and it'll be expensive.
Man of the year is Pablo Torre
After listening to this, I get the sense the Luka trade to the Lakers was more about betterment for the league and owners profits rather than the Mavericks trying to get themselves another championship. Honestly LAME!
They can afford to pay for their stadiums
Tix, Parking, Food, Talent that is aged out or won’t play..
The average team makes somewhere around $100,000,000 profit a year. 125 years to reach 12.5 billion.
Desperately need to redo the tax code in this country and levy wealth taxes. PE groups are as problematic as oligarchs.
Awesome interview.
When an insurance company needs money to pay out obligations from an unexpected events like natural disasters, they prior contract, with third party reinsurance companies who provide the funding needed for all payouts. The new problem with private equity companies is that they create fake third party reinsurance companies lacking sufficient funds. They use their own affiliated “subsidiary” companies who are not real third party reinsurance companies and move them to the Bahamas, the new hub for reinsurance corruption Labeling them third party reinsurance companies immune from any government oversight. Even investors or stock holders who sue cannot find out what actual funds are in the reinsurance entity. Why? It is a private equity holding. They are just empty shell companies. Private equity needs these fake reinsurance companies to access very large loans to buy everything from AI data centers, or sports teams. Total scam. This bubble will burst like the mortgage scandal of 2008.
Interesting convo…but men and women crying over the results of professional sports,grow up,
<a href="https://www.youtube.com/watch?v=4hyhVMsakdE&t=1288">21:28</a> THIS
Maybe Pablo Torre can find out about Mitch McConnell?
glad I'm not a sports fan, they are getting screwed.
Pablo Torre needs to calm down. Great work and insight, but calm down
I love that the team was flipped like a distressed subprime property. Good!
Same thing happened to the housing market.
When you gather that private equity is optimized by emergent AI tech… I can’t help but to think that the human element/essence has been sucked out of everything. The internet is dead and now so are sports. If i follow that line of thinking eventually it leads me to think that humans are empty consumption shells that prop up a system that is doomed to fail. We’re the product, asset, investor all in one but without reaping any of the rewards.
this is socialist media
What if there was a league, where all the cities OWN the teams money goes directly back to yes the athletes but also the communities
This is happening internationally too. Look at Liverpool. FSG just sold a big chunk to an investment group that includes Jeff Bezos. Sports are becoming such huge investment assets now. At what point does that start changing the relationship between the club and the fans who have been there for generations?
Panem et circenses
the German Bundesliga has a great model for this imo. All clubs have to be majority owned by the fans themselves, commonly called the 50+1 rule. The Bundesliga is also the highest-attended top European football league, with the highest average attendance, and even the 2. Bundesliga (the second tier) is among the top 10 highest attended leagues in Europe. The focus is on the fans, and it makes for an amazing “product”
What about the Portland Trailblazers??? I'm very disappointed that you didn't bring up our new owner controversy. He has absolutely no support of fans or the city/state.
Pablo Torre Hides Out. NBA cleared the Clippers. UNC wins. Pablo is awol in rich daddy's basement
I love me some pablo!..YOOOOOOOOO pablo please do us all a favor and please expose how lebron's close associates got caught with steroids...PRETTY PLEASE!🙏🙏🙏
good
🤣🤣🤣
I’ve already had enough of sports. Scripted mixed in with gambling. It’s all about profits. I’m reading books and traveling instead of wasting my time 🎉
Greed ruins everything
People just need to stop watching and spending money on those Billionaire Owners and Millionaire players. Go support your local team, make connections there and have fun while doing something for your community and save some bucks. Very easy solution, I stopped with NBA finally, after Balmer gets off without any punishment.
Are you discovering the economical system which you have championed and implemented all over the world by force since WWII just right now? Wtf. The empire is imploding. Western civilization is imploding. We are imploding. The word "alienation" has been used.
"I think fans are right to ask for evidence that institutional investors, PE in particular, if they've ever made a decision that is not in favor of the bottom line.....you're turning this into just another product" well said and what a BUMMER
But if people don't earn they can't afford sport they will start throwing bread at the games like in rome
The league needs to ok this
Soon, not enough pro sports fans will be able to afford the insane ticket prices to fill stadiums & arenas. The owners won’t care.
ROLLERBALL. WATCH THE ORIGINAL MOVIE
<a href="https://www.youtube.com/watch?v=4hyhVMsakdE&t=1016">16:56</a> for Anyone wondering what this looks like, ask a longtime UFC fan how they feel about the quality over the past couple years especially
👓🇻🇦<br>Donald Trump nao pode se mestiçar com Alto Comando europeu do Pentagono fundaçao porque Donald Trump com apoio da Uniao Europeia e CIA fecha fronteira do norte para familia dos militares do Alto Comando Militar do Pentagono nao entrar no norte sendo origem Europa .<br><br>QUEM ESCREVE ISSO SOU EU FILHA GENETICO EUROPEU DO FUNDADOR DO VATICANO E EU FILHA EUROPEU GENETICO DE UM GENERAL QUE ESCREVEU A DOUTRINA INTERNA FUNDAÇAO DO PENTAGONO.
It’s getting and going to be out of control. Long gone are the days where families held on to the sports franchise for decades upon decades. It’s easy to just cash in and ride off into the sunset for these families that bought these teams a few for a few hundred grand back 80 or so years ago. Especially the NFL teams that are historically bad are worth more than ever. The incentive for winning is gone. The incentive is to just field a team and people will come and watch and pay.
I I think these teams are playing a dangerous game.
Pablo is the man. <br>Will listen to his reporting anytime.
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Wearing newbalances after what he did to Kawhi is CRAZY 😂
Not only do they not have the fans' interests at heart it could create even more problems for players and players safety. The leagues are the players. Kids won't grow up building the love.
The City of Portland and State of Oregon are on the verge of capitulating to the new owner of the Portland Trailblazers Tom Dundon and his investment group over 600 million of Moda Center arena upgrades. These are Public Dollars (debt really) extorted by a group of people worth 10.8 billion. The Arena upgrades are equivalent to 5.5% of the owner groups private wealth. So I think Dundon is a greedy Fk and the city council and governor's office are spineless. Oregon should enact a 5% wealth tax for any Billionaire with a financial stake in businesses in the State. Then he can have his arena upgrades.
<a href="https://www.youtube.com/watch?v=4hyhVMsakdE&t=1670">27:50</a> is the best part
there is a FUNDAMENTAL lack of historical sports understanding here. Owners have always been greedy egotists who exploited their players as much as possible. While there <b>were</b> owners dedicated to winning championships, there were also MANY who were not willing to invest anything other than the bare minimum. They were the classic smoke filled room cigar smoking scotch drinking golf playing rich men
Anyone thinks Jared Kushner cares about winning? About the fans? I bet he doesn’t know who Magic Johnson is
Very informative and great questions!
This is why the Bundesliga is great - the teams are fan controlled and they resist everything discussed here.
Everything PE touches gets worse for consumers
It's getting to the point that I'm beginning to not care about sports anymore.
Every year the samething only a different boogeyman. Sports is fine move on if dont like it
Unbelievably bleak.
so we need more team's ownership structure like the LA Clippers... how ironic
Fantastic interview. The Pro Sports Bubble will pop when the $3 trillion “Off Balance Sheet” AI Infrastructure debt bubble pops. It looks like in Aug 2026 that it’s gonna happen as soon as 2027. I am old enough to remember when $100 million actually meant something. I have been obsessed with the notion that there is a high correlation between the S&P500 and the Nasdaq at all time highs in 2026 and all the $100 million dollar contracts being given out every other day in the NFL & NBA in 2026. All these $100 million dollar NFL & NBA contracts going straight into the stock market by all the pro players financial advisors. Good luck everyone.
You know ish is mad and pouting some where lol😂
Pablo great
I too love the Yankees, Knicks....ect. Why do I love them like that? I'm beginning to ask myself that.
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