The Billionaire's Club: How Sports Ownership Became a Haven for the Ultra Wealthy Recent high profile sports franchise sales have raised eyebrows, but there's more at play than just price tags.
The ultra rich are increasingly dominating the world of professional sports ownership. For decades, owning a team was seen as a status symbol for the wealthy elite.
It promised access to connections and VIP perks, as well as the thrill of competition. However, what's driving this trend is not just deep pockets chasing after a luxury item.