The all-time sports team sale record went from $2B to $10B in just over a decade.
Lakers — $10 billion.
Browns — $9 billion.
Padres — $3.9 billion.
Raiders — $11 billion valuation.
20 years ago, the average NFL team was worth $900M.
Today? $7.65 billion. That's an 8.5x return.
Across all four major leagues, franchise values returned closer to 15x.
The S&P 500? About 7x in the same window.
And the next sale will probably break the record again.
@CygnusNYC@Attithewizard@BeingJWood That’s the point I’m making. “Billionaires” are liquid. This argument that it’s only a billion “on paper” is bs. I believe we’re both in agreement?
@Attithewizard@GearsAndInk@MiskelWilliam@BeingJWood Look up any billionaire and put 13f beside their name, they sell shares. There is no conversation to be had when you can just look up billionaires selling billions in value of stock. You’re arguing “logic” as if we can’t just get a definitive answer.
@Attithewizard@GearsAndInk@MiskelWilliam@BeingJWood What point are you trying to make? The point I agree with is that If any billionaire wanted to have a billion in cash they could. Whatever excuse yal come up with will fall short with a quick google search. 13f filling, form 4, schedule 13D/13G.
@yepyoureanidiot@Attithewizard@BeingJWood “You are looking at a list of a few people on the top who have publicly cashed out portions of their business”
“this liquidity might not even be real”
What source should I use to get accurate information?