How broadcast rights became the most valuable asset in professional sport
Live sport is one of the few things audiences still watch together and in real time. That makes the rights to show it unusually prized, and unusually hard to price.
Live sport is one of the few things audiences still watch together and in real time. That makes the rights to show it unusually prized, and unusually hard to price.
Arenas are often pitched as engines of local growth. Many economists remain sceptical, and the reasons say much about how cities should judge large projects.
When teams buy and sell the contracts of athletes, they are trading scarce talent under unusual rules. The result is a market prone to bidding wars and sharp swings in value.