The Price of Sports Franchises

Steve Warmer: Are sports franchises, you know, across the board too expensive right now? They're priced. They're not valued. And I think unfortunately, sports franchises collectively are being priced not valued because that's where the pricing is going. But the prices have gone up a lot and there are so the promise you make money on corrections. He says as the number of billionaires exceeds the number of sports franchises, there is no crash coming.