In the last few months: The Orioles owner said he bought the team because all of his friends who had sports teams made more than he ever could in private equity The Padres sold for $3.9B, 63% more than the previous record The Angels then sold for $4.0B, beating the Padres record So why then are billionaires lighting money on fire by bailing out other billionaires from the apparent financial ruin of owning a baseball team? It's because they're all making billions in appreciation and teams like the Yankees can sell just 16% for $2.6 BILLION (MLB of course waived the 15% cap lol) with an additional $1B in tax-exempt revenue bonds to refinance debt in their other business ventures Seriously, who would pass up on an infinite money glitch like that? I'm begging you all to realize owners just want a cap to make accounting easier. They're lying about competitive balance to create a narrative that is only in place to win them cost certainty