Buying A Professional Sports Team For Crypto

[taskmaster4450]

▶️ Watch on 3Speak

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Not at this time.

MLB is accepting minority stakes from investing funds. This is due to the increase in the value of professional sports organizations. In a major market, it takes a couple billion dollars.

The New York Mets are for sale. The price is between $2.5B-3.0B. Imagine if this was tokenized. Could they get $2.5 billion by selling 250 million tokens at $10 apiece?

I think it would be a viable way to go.

https://www.bloomberg.com/news/articles/2019-10-16/investors-get-path-to-buy-stakes-in-major-league-baseball-teams

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▶️ 3Speak

Comments

[kragon]

the question is will the price of the token be sustainable for a long period of time??

Posted via Steemleo

[fightspam]

yeah it can if there is a good product backing it up...

Posted via Steemleo

[romeru]

yeah true

Posted via Steemleo

[freebornangel]

Depends, imo.

Is the current bottom line divided by 250m going to pay much per token?
Is that what i am buying?

It could work.

[psalm104]

now that is the right question we should be asking...

Posted via Steemleo

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