2min chapter

Acquired cover image

The NFL

Acquired

CHAPTER

Is There a Multiple Expansion in the NFL Market?

Owning an NFL team, it's like a grown up NFT. It is the ultimate NFT. If you are a gajillionaire and you want to flex on other gajillionaires, this is a way that at least is very likely to have a lot of durable value for you to get to keep doing that. But I will say when you have something that increases in value because of social signaling and desirability not tied to underlying cash flows, that is a potential sign of evaluation bubble.

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