This Time article sparks some interesting thoughts on sports team worldwide. Sport teams have a certain prestige about them and people have always been willing to pay big bucks to say they own a team. However, prices may finally have hit a ceiling. Many of the big players in the owners world are getting out and selling their teams. Philip Anschutz, owner of the NBA NHL and MLS team in Los Angeles, Randy Lerner former owner of the Cleveland Browns, John Henry, owner of the Red Sox and Liverpool, have either sold or are looking to sell their teams. These men are considered some of the savviest in their business. Prices of teams are up 11% from a year ago while the economy is in a weak state causing some unease as to when they may topple, and the relationship between management and labour in the sports world is consider to be the worst in business. These factors are making some predict that prices might swing the other way.

It’s always been fascinating to me about how much money is involved in the sports world. The sports market is an interesting one. People are always willing to pay enormous prices to watch sports live, and with no competition besides the other team, the market is always there for you. People even pay large Pay Per View charges to watch sports on TV. It’s an incredibly isolated market.