A sports team owner; when he buys a team he is making a "bet" on that team, that that team will win, that that team will be a winning team.
So let's say you wanted to make sports betting illegal I don't think that you could do it when a businessman is allowed to buy a team, essentially making a bet on that team.
Unless you took the money completely out of it.
And what venue does he buy a team from, whoever is willing to sell it. Whoever is offering one for sale.
© 2026 Thomas Paul Murphy
PS. An interesting concept is, should outright ownership be limited to billionaires? Should billionaires be the only ones allowed to benefit from economies of scale? It seems like it keeps an advantage where it should not be?
What about corporate CEO pay? If a public co. CEO grants himself pay which is the lions share of corporate profits is that really a public company? In a public company the shareholders are thought to benefit? Could rules be put in place?
Do I detest CEO's that could take a 60 million dollar yacht to an island of prostitutes? Yes. That isn't us.
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