Buying A Professional Sports Team For Crypto

in hive-100421 •  14 days ago  (edited)

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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.

https://www.bloomberg.com/news/articles/2019-10-16/investors-get-path-to-buy-stakes-in-major-league-baseball-teams


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the question is will the price of the token be sustainable for a long period of time??

Posted via Steemleo

  ·  13 days ago Reveal Comment
  ·  12 days ago Reveal Comment

Depends, imo.

Is the current bottom line divided by 250m going to pay much per token?
Is that what i am buying?

It could work.

  ·  12 days ago Reveal Comment

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