Bik Nazer

Oh, he's big on it?

So basically, is the bubble going to burst on sports franchises?

I don't think for the NBA and the NFL, because if you look at their margins, they're insane.

Look how much money each team is making per year.

It's like, what, $600 million, $400 million?

It's just an insane amount of money, right?

I don't think it's a bubble for those leagues.

A lot of games.

And even hockey, like the valuations, I don't think so either.

What gets kind of interesting is on the WNBA, NWSL, and the MLS side of things.

I will say, though, I was looking at some breakdowns.

If you look at the valuations versus how much money they're earning, the NWSL is actually doing very well monetarily in terms of what their franchise values are, but also in terms of...

how much money they're making per that franchise value per dollar spent.

It's actually, it looks like it's sustainable.

The MLS is the one that makes you kind of wonder a little bit.

And especially with a lot of these franchises where they're not bringing in all that money, but then all that much money, but then the valuations are 500 million, 750 million.

It's essentially built on just continually adding to the league and expanding.

And at some point that bubble is going to burst unless the league exponentially grows in interest.

I did not use chat GPT for that answer.

Yeah.