Difference between revisions of "Essay:Overpriced Sports Teams"
(In 2022, the Democrat-arranged government subsidy of the Buffalo Bills, which is owned by a billionaire family, was the second largest in history and exceeded more than $1 billion in subsidies) |
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Although much of the data is hidden, an investigation into subsidies of New York teams found that the public paid $1.2 billion out of $2.3 billion of the [[New York Yankees]]'s last renovation of their stadium in the [[Bronx]].<ref name="T"/> | Although much of the data is hidden, an investigation into subsidies of New York teams found that the public paid $1.2 billion out of $2.3 billion of the [[New York Yankees]]'s last renovation of their stadium in the [[Bronx]].<ref name="T"/> | ||
| − | In 2022, the [[Democrat]]-arranged government subsidy of the Buffalo Bills, which is owned by a billionaire family, was the second largest in history and exceeded more than $1 billion | + | In 2022, the [[Democrat]]-arranged government subsidy of the Buffalo Bills, which is owned by a billionaire family, was the second largest in history and exceeded more than $1 billion government handouts to the wealthy owners: |
{{cquote|The deal, struck between [New York Democrat Governor] Hochul and the billionaire Pegula family that owns the team, will be the second-largest taxpayer contribution to a sports stadium in history. Of the project’s $1.4 billion in projected construction costs, New York’s government is putting up $850 million, or 60 percent of the total. Hundreds of millions of dollars more were inked for upkeep of the stadium throughout its 30-year lease, bringing the public’s total projected expense to be more than $1.1 billion.<ref>https://readsludge.com/2022/06/25/hochuls-stadium-swindle/</ref>}} | {{cquote|The deal, struck between [New York Democrat Governor] Hochul and the billionaire Pegula family that owns the team, will be the second-largest taxpayer contribution to a sports stadium in history. Of the project’s $1.4 billion in projected construction costs, New York’s government is putting up $850 million, or 60 percent of the total. Hundreds of millions of dollars more were inked for upkeep of the stadium throughout its 30-year lease, bringing the public’s total projected expense to be more than $1.1 billion.<ref>https://readsludge.com/2022/06/25/hochuls-stadium-swindle/</ref>}} | ||
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== References == | == References == | ||
{{reflist}} | {{reflist}} | ||
[[category:Essays]] | [[category:Essays]] | ||
[[Category:Sports]] | [[Category:Sports]] | ||
Revision as of 17:52, September 1, 2022
Overpriced Sports Teams are those that have inflated values due to bilking the government and corporations for the costs of their stadiums, while promoting or benefiting from sports gambling to increase brand recognition.
The NFL loots the public the most, and the list of 32 most valuable sports team in the world included 15 teams from the NFL - nearly half the list.[1]
Four of the top 15 most valuable teams are New York City area teams, including the two NFL teams that play in New Jersey but carry the "New York" brand.[1]
Subsidies of New York teams
Although much of the data is hidden, an investigation into subsidies of New York teams found that the public paid $1.2 billion out of $2.3 billion of the New York Yankees's last renovation of their stadium in the Bronx.[1]
In 2022, the Democrat-arranged government subsidy of the Buffalo Bills, which is owned by a billionaire family, was the second largest in history and exceeded more than $1 billion government handouts to the wealthy owners:
| “ | The deal, struck between [New York Democrat Governor] Hochul and the billionaire Pegula family that owns the team, will be the second-largest taxpayer contribution to a sports stadium in history. Of the project’s $1.4 billion in projected construction costs, New York’s government is putting up $850 million, or 60 percent of the total. Hundreds of millions of dollars more were inked for upkeep of the stadium throughout its 30-year lease, bringing the public’s total projected expense to be more than $1.1 billion.[2] | ” |