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#16
02-10-2022, 02:09 PM
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Not picking a side here but I have always felt that the capital that ownership has invested/ at risk is underappreciated. Of course, most have large unrealized capital gains in these franchises but it is still a very large amount of capital tied up in the "business" nonetheless. That capital could be deployed in infinite other productive assets. By comparison, players have nothing invested other than their talent -- which has no comparative value outside of baseball.
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