eli5 why are some NFL/NHL/NBA/MLB teams worth more than others?
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Teams have different revenue levels based on stadium size, stadium deal/ownership (eg. If team owns stadium and gets revenue from other events or rents stadium from city/state), how much they can demand for tickets; local TV broadcast revenues (and some teams own parts of local Sports Channels); merchandise sales; sponsorship deals. There are also his team history, reputation, fandom, location that play in, too… a historic franchise, a team in a popular market, or a place with lots of billionaire potential owners will impact values, too, even if intangible reasons. So being the Dodgers or Celtics will command more. Being in New York or Chicago, etc.
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