Richard Neal: “Teams have become assets bought and sold by billionaires…”

“Somewhere along the way, and in some cases collegiate sports and professionals sports linked, it became not about filling the stands with fans and making memories for loved ones, including me. Instead, Teams have become assets bought and sold by billionaires, leveraged by investment firms and squeezed for tax preferences. all while we maximize returns. It must be remembered that none of this exists without fans.” (01:57–02:08)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.