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sports Friday 25 November 2022
Inflation or not, price of pro sports teams keeps going up

By JIMMY GOLEN to borrow money to pay for
AP Sports Writer their new prize. "It just costs Group G
Inflation isn't going to hurt a lot more money in abso- 1 - 0 nov 24
the bankrolls of sports team lute dollars to service the SUI CAM
owners. In fact, it may help. debt," Pitts said. 2 - 0 nov 24
While the uber-rich will A handful of high-profile BRA SER
have to pay a little more for teams are currently on the
their eggs at the grocery market.
store – just like everyone Washington Commanders Group H
else – inflation isn't likely to owner Dan Snyder, who 0 - 0 nov 24
affect the bottom lines at is under pressure to sell his URU KOR
their sports properties. team after an investigation 3 - 2 nov 24
"I'm resting pretty easy if revealed a toxic corpo-
I'm an owner," said Tim rate culture, says he would POR GHA
Clarke, a senior analyst at consider unloading all or
PitchBook, which research- Denver Broncos owner Rob Walton waits for the team's NFL foot- part of the once-proud NFL Group A
es private financial mar- ball game against the Las Vegas Raiders in Denver on Nov. 20, franchise. It is expected to
kets. "That's how people 2022. fetch even more than the SEN NED
are viewing assets of the Associated Press $4.65 billion paid for the _ - _ nov 25
professional sports indus- "I do think there is some- richest man in the world, Denver Broncos this sum- QAT SEN
try. They're just not going what of a hedge," said In- according to Forbes mag- mer by Walmart heir Rob _ - _ nov 25
down." Inflation surged this ner Circle Sports CEO Rob azine. Walton, who with an esti- NED ECU
year to levels unseen for Tillis, who has worked on the (One exception: Losses in mated net worth of $61 bil-
four decades, slowing the sale of dozens of teams in the Bernard Madoff Ponzi lion is the 16th-richest per-
economy and raising pric- all four major U.S. pro sports scheme squeezed the Mets son in the world. Group B
es for consumers from the and the top international payroll and forced owner Robert Sarver has put his USA WAL
checkout line to the gas leagues. "I have been do- Fred Wilpon to sell off first teams, the NBA's Phoe- _ - _ nov 25
pump. For the most part, ing this for 30 years. We've part, then the rest of the nix Suns and the WNBA's WAL IRN
sports are no exception: been through lots of busi- team.) Phoenix Mercury, on the _ - _ nov 25
Rising costs are making it ness cycles and valuations "These guys, they have so market after an investiga- ENG USA
more expensive for fans to have been strong. I don't much money that I think if tion found evidence of a
go to games, for families see that as any different they start to get pinched racially and sexually insen-
who participate in youth now." elsewhere, it's more or less sitive workplace. Baseball's
sports and for college ath- Most sports owners are also a rounding error for their Washington Nationals are
letic departments trying to well-capitalized enough to clubs," said Tom Pitts, the for sale and the family that
stay on budget. keep their team budgets European head of LionRock owns the Baltimore Orioles
But the millionaires and bil- separate from their outside Capital, a private equity has made noise about sell-
lionaires who own sports business and other sources firm that has a one-third in- ing, as well. The NHL's Ot-
team won't be feeling the of wealth. So even though terest in the Inter Milan soc- tawa Senators can also be
pinch, whether it's the day- rising interest rates have cer team. "Most of these had for the right price.
to-day cost of running the cooled the housing mar- guys haven't stretched to Two of English soccer's big-
business or the sale price ket, that's unlikely to affect buy the club. It's an expen- gest names, Manchester pool; both are expected
when they decide to move Cleveland Cavaliers and sive hobby." United and Liverpool, are to eclipse the $3.2 billion
on. On the contrary: A fran- Rocket Mortgage owner Rising interest rates could also on the market. Man price paid for Chelsea this
chise can be a safe place Dan Gilbert, who with an make it more expensive for U. was valued by Forbes in spring that was briefly the
to park money and ride out estimated net worth of al- would-be owners to buy September at $4.6 billion — highest ever for a sports
a bear market. most $52 billion is the 23rd- into the club if they have just a bit higher than Liver- team.q

NBA suspends Lakers’ Beverley 3

games for shoving Ayton

By TIM REYNOLDS Los Angeles Clippers' 2021 the floor briefly after the
AP Basketball Writer playoff run, when he struck hit. Ayton stepped toward
The NBA gave Patrick Suns guard Chris Paul from Reaves when he was
Beverley a three-game the back and had to sit still down, and Beverley
suspension Thursday, two out the first game of the charged in to give Ayton a
days after the Los Angeles 2021-22 season. shove. Ayton and Beverley
Lakers guard was ejected "The suspension was based were both assessed tech-
for shoving Phoenix's De- in part on Beverley's history nical fouls, and Beverley
andre Ayton from behind. of unsportsmanlike acts," was ejected. Los Angeles Lakers guard Patrick Beverley, right, passes the
The suspension will cost the NBA said in announc- "Tough foul, hard foul, Aus- ball while defended by San Antonio Spurs forward Jeremy So-
Beverley $268,966, or ing the sanction. tin gets knocked down, chan during the first half of an NBA basketball game Sunday,
about 2.1% of his $13 mil- Beverley was ejected with there's a little bit of chirp- Nov. 20, 2022 in Los Angeles.
lion salary. 3:55 left in the Lakers' loss at ing going on with Book Associated Press
It's the second time Bever- Phoenix on Tuesday. Phoe- and Ayton and some of coach Darvin Ham said want to play tough bas-
ley has been suspended nix's Devin Booker commit- our guys, and then from Tuesday. "And then Pat ketball. But at the end of
for shoving someone from ted a flagrant foul against what I saw Ayton was Bev ... you don't want this the day, I'm not mad at
behind; the other came the Lakers' Austin Reaves, just standing there about to be a tough-man com- him. He's there protecting
in the last game of the who remained down on to walk over him," Lakers petition. You actually his teammate."q