Today's podcast uncovers a billionaire tax trick is influencing record-high sports franchise valuations. President Donald Trump's One Big Beautiful Bill almost single-handedly crushed sports valuations in the United States. But then, some of the country's most powerful team owners lobbied to stop it. I explain how this tax trick works, how sports teams owners were able to stop a new tax provision related to sports franchise acquisitions in the One Big Beautiful Bill and what might happen moving forward. Enjoy!

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