Vinod Khosla to Buy Seattle Seahawks for $9.6B
sportico.comSports/streaming is marketed to investors as more piracy-resistant–it's not.
If you're interested: https://fmhy.net/video#live-tv-sports
It's insane how bad the destruction of ownership and subscriptions are, now, when piracy is a significant force and anyone can watch anything for free with the right link and an ad-blocker.
Imagine what it'd be like without piracy as competition. The greed is infinite.
I wonder what the Allen estate will do with the money?
Reopen the Living Computers Museum!
Oh it's actually been liquidated now https://www.geekwire.com/2024/paul-allen-estate-sells-remain...
Didnt put it in his will. Allen seemed to live in the moment, Carpe Diem. Didnt even bother to invest more than 1% of his wealth to study lymphoma when he established Allen Institute.
Looks like the Allen Family Philanthropies has given away about $500 million so far and has about $100 million in “active” grants. I guess they will be giving away a lot more?
In accordance with his will they will fund his “passion projects”. His list of favorites is probably different than yours. Being disappointed about that is not new.
Billionaires and their toys
Is it?
A lot of sports businesses are businesses - sports fans are willing to pay, and pay and pay to support their team. Few businesses have that kind of customer loyalty for life - even if the product sucks (team is doing badly for decades), the customer still shows up unlike most other business where the customer would leave.
And if the previous owner did't maximise revenue it could be an opportunity.
Investors from all over the world for example are buying European Soccer teams, and valuation of the company over time goes up.
NFL teams might even be a better investment than European soccer teams since they have a monopoly over professional football in a region, and are not susceptible to significantly decreased valuation that might result from being relegated to a lower league.