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The Knicks:
“There’s a scarcity in sports that drives value. There’s only one New York Knicks, and they happen to play in the middle of Manhattan. And so almost regardless of their record, they’re going to retain a lot of value, and the Garden, now for many years, has been selling out.”
College athletes getting paid:
“It’s going to change everything. Players are going to get paid. Legally, but that means, in my view, if you love what colleges stand for, if you think education is important for these kids—I happen to really think it’s important—then, if we’re going down that path, let’s get collective bargaining as part of this. Let’s have the athletes sign up to get paid rather than have bidding between schools. Let’s have them sign up to get paid and have them agree to go to class.”
The University of Utah’s deal with private-equity firm Otro Capital:
“It’s one thing to do what the University of Utah has done—kind of sell off their sports program because they want a better stadium and they want a basketball building, and they want it right now,” he said. “So they kind of sold off their future. That’s different than the kind of investments we are talking about where college sports, if it’s possible, to make a big change.” Read the story.
Founding the Real Salt Lake MLS club:
“I don’t like losing money. I’ve done enough of that. And MLS, by the way, was the worst investment I made.” Read the story.
Sports betting and prediction markets:
“I’m not sure that’s a good thing, this coziness that we’ve established. … I’m kind of old school when it comes to that. … [Prediction markets are] just one more bedfellow, just cozying it up.” Read the story.
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