eli5 why are some NFL/NHL/NBA/MLB teams worth more than others?

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eli5 why are some NFL/NHL/NBA/MLB teams worth more than others?

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Anonymous 0 Comments

I believe most leagues share income to a certain extent so it’s fine in theory if your team doesn’t do so well.

But there is a ton of money to be made in merchandising. If your teams home state has a population of 30 million you are going to sell a lot more shirts and hats than a team with a state population of 3 million.

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