Perhaps nothing in the United States makes the worst-case argument against socialism (in an unenlightened barroom argument sort of way) as well as professional sports. Shared revenue and talent pools serve to prop up and even reward owners who are unwilling or unable to field competitive teams, the very antithesis of the American traditions of “rugged individualism” and capitalism. Of course, fans give sports teams a pass in ways they wouldn’t dream imaginable in any other part of the public sphere because WOOOOOO SPORTS!
It’s a system Golden State Warriors owner Chris Cohan has been exploiting for years. Under his ownership, bad front office hires, questionable personnel moves, and bad basketball have been the norm. Cohan has no reason to care, though, because he’s gotten the facility renovations he demanded and has made money hand over fist thanks to Bay Area fans and NBA revenue. Now, all that incompetence is going to pay off when he bails on the team and sells it off - if the price is right.