The Billionaire Tax Trick Fueling Record-High Sports Valuations

Today's podcast uncovers a billionaire tax trick is influencing record-high sports franchise valuations. President Donald Trump's One Big Beautiful Bill almost single-handedly crushed sports valuations in the United States. But then, some of the country's most powerful team owners lobbied to stop it. I explain how this tax trick works, how sports teams owners were able to stop a new tax provision related to sports franchise acquisitions in the One Big Beautiful Bill and what might happen moving forward. Enjoy! Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.