This deal hits right at our new series with @TheProspect on the business of sports: billionaire team owners exploiting taxpayers for their own greed & gain.
NFL owners are the closest thing we have in America to medieval kings & queens.
🔗:
I read the NFL's entire 154-page Super Bowl bid document (and the details are wild).
The NFL gets almost everything for free — the stadium, hotel rooms, billboards, security, luxury suites — while keeping 100% of ticket sales and paying ZERO taxes.
READ: https://huddleup.substack.com/p/the-nfls-super-bowl-demands-are-crazier
Americans bet ~$2B on the Super Bowl. Half of men 18-49 have an active online sports betting account. Lots of people (like me) enjoy sports betting, but ~5% of bettors suffer serious financial harms. My new piece with @AnuraagRoutray has some ideas for addressing those harms. 1/
Tariffs erase most of the benefit of the retroactive tax cuts people will be getting in their tax refunds this year.
https://open.substack.com/pub/ericadyork/p/tariffs-bite-into-tax-refunds?r=bjftp&utm_medium=ios&shareImageVariant=overlay
It's hard—and expensive—to be a fan these days. Huge corporations rip us off by pricing hardworking people out of tickets, forcing us to buy a bunch of subscriptions, and so much more. It's a story we keep seeing again and again, and it doesn’t have to be this way.
NEW INVESTIGATION: @borrowerjustice & @towardsjustice just released a new report revealing disturbing trends in short-term, high-cost “Rent Now, Pay Later” loans & the predatory firms using them to profit off of working families struggling to pay rent.
Bezos saved $8.8 billion on the Amazon tax bill last year thanks to Trump's big beautiful bill.
Job openings plummet in warning sign for Trump's economy
US Job Openings fall to 6.54 million—the lowest level since 2020.
• Missed all economist estimates • Down from 6.93M in November • Layoffs are starting to edge up
Fox: A new poll shows 72% feel that the economy is in poor or only fair condition. That's not good.
1/ I grew up playing baseball at a high level. Something has changed over the last 20 years. Community leagues have been raided by elite travel teams charging outrageous fees and promising stardom.
Private equity has come for youth sports. @moetkacik in @TheProspect:
BREAKING: Job cut announcements surged to 108,435 job cuts in January, up 118% from last year and 205% from December. Transportation, Tech, and Healthcare led; Hiring plans were the lowest for any January on record. Full report: :
Hear directly from President Trump 👂
Looks like sports owners are gouging fans by padding ticket prices with bogus junk fees at check out.
Our @AlexJacquez weighs in on why regulators must enforce consumer protection laws 👇
NEW: The Giants are the 3rd MLB team in 5 months to be sued over "junk fees" (others: Red Sox and Nationals)
Ex-Biden admin official Alex Jacquez tells @FOS the federal gov't could act if more suits pile up.
“There are a lot of sports fans in Congress."
https://frontofficesports.com/giants-become-3rd-mlb-team-sued-over-junk-fees-since-september/
I’ve said it before: I like to bet on sports. Not too much, not too often.
But what @DraftKings and @FanDuel have done is monopolized the market and put a dangerously addictive slot machine in your pocket.
@gurleygg has the latest in @TheProspect’s The Business of Sports: 1/
This deal follows the same billionaire playbook we’ve seen again and again.
Streaming is just another way greedy billionaires gouge you: If you want to see a sports game for all four major sports, that’ll cost you up to **$2,634 a year.**
Bad news for anyone who watches the NFL: The Trump administration just approved a massive consolidation of sports streaming.
It's a big mistake that will mean higher costs, and fewer choices to watch games.
