World Series Champion Moving Closer to a Sale

Published by
The Street

By Tony Owusu The parent company that controls a recent World Series Champion is splitting off the baseball team and its real estate in a move that could be a precursor to a sale. Sports have officially entered a new paradigm that has connected some of the most iconic sports franchises to Wall Street in ways that were unheard of previously. The appeal from Wall Street’s view is obvious. Values for sports franchises have shot up in recent years, and there are few signs that the trend won’t continue in the near future. “The values are skyrocketing for understandable reasons and will likely conti…

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