Investors take aim at NBA with plans to create $5B basketball league: ‘Opportunity is massive’
By Reuters
Published Feb. 7, 2025 Updated Feb. 7, 2025, 5:54 p.m. ET
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A group of investors are looking to create a new basketball league that will span Asia and Europe to one day rival the NBA, with Saudi Arabia’s sovereign wealth fund as a strategic partner and Swiss bank UBS serving as an adviser.
The Financial Times reported that the $5 billion basketball competition plans to create six men’s teams and six women’s teams that will compete in eight host cities.
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Interesting. The NBA is a “monopoly”. Economics teaches that monopolies don’t last since competition seeks to “eat their lunch”. Here’s real life proof of that economic ‘lesson”.
From Standard Oil on to every other attempt to corner the market, we see monopolies destroyed without Gooferment intervention almost immediately after they come into being. Remember Standard Oil went from 100% market share to under 70% in a decade due to competition. And, then the Gooferment got involved.
The only way you can have a monopoly today is with a Gooferment grant of immunity. Like Baseball, the Post Office, or Amtrak. And, it usually comes with subsidies (i.e., why does the Gooferment build NFL stadiums?) that return to the politicians and bureaucrats as payoffs (i.e., campaign contributions).
In the end, the Taxpayers and the Customers get <synonym for the act of procreation>!
Argh!
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Reinke Faces Life 