[ZOOKER]

the Clippers deal suggests that major sports franchises are the new status symbol for billionaires.
Making money off a team ... is not the point.
The Clippers now join a growing list of teams being bought as toys by owners rich enough to pay pretty much any price.

This will backfire (hopefully).
I know I'm not the only one thinking that the owners can damn well BUY THEIR OWN sports stadiums. Not one more nickel of public money!

[dfwgator]

It’s the rage in European soccer, rich Arab businessmen and Russian oligarchs are buying teams right and left.