Buying A Professional Sports Team For Crypto
Not at this time.
MLB is accepting minority stakes from investing funds. This is due to the increase in the value of professional sports organizations. In a major market, it takes a couple billion dollars.
The New York Mets are for sale. The price is between $2.5B-3.0B. Imagine if this was tokenized. Could they get $2.5 billion by selling 250 million tokens at $10 apiece?
I think it would be a viable way to go.
▶️ 3Speak
the question is will the price of the token be sustainable for a long period of time??
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