eli5 why are some NFL/NHL/NBA/MLB teams worth more than others?
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They make more money.
So for example: the reason why it’s more expensive to buy Wal-Mart than to buy any local corner store is because if you owned Wal-Mart, you’d make a lot more money.
For team owners, professional sports teams are businesses. And a business’s worth generally is relative to how much money it can earn.
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