https://www.forbes.com/sites/brettknight/2026/01/09/the-worlds-most-profitable-sports-teams-2026/
Not sure why I don’t see people talking about this more, the hawks are the second most profitable team in the league, but we’ve been dogshit the entire time I’ve been alive.
We have a hedgie owner, that also coincidentally owns the office building I work at, and the apartment I live in. The hawks are just another piece of Tony Ressler asset management portfolio, and he has optimized the team to be as profitable as possible, with the minimum ownership investment.
We, as hawks fans, are victims of the Enshittification of the entire South. Our apartments are profitable because they were cheap when the hedgies bought them, and now we are gouged.
Red states lead to the gouge of anything you enjoy, because they’ll sell anything for profit to the highest bidder.
Look at Blackstones asset management portfolio, and how they talk about us. The South is ripe for “growth”, but only growth of the portfolios of asset managers.
Why would you pay for a team to be good, when you make maximum profit for the team being mid?
THIS IS WHY WE SUCK, BECAUSE WE ARE an ASSET FOR A HEDGE FUND AND NOTHING MORE.
4 comments
That’s that building a dynasty as play in champs get you .. CATCH UPPPP SUCKAS
This is what we call late stage capitalism. EVERYTHING is designed for profit. We are literally having to fight car companies over subscription services to control bluetooth etc…
There was a thread on this at the time. The Ownership Group owns State Farm Arena and the income being cited here comes from all the events including non-basketball events like concerts. I didn’t read the full article but it could also include valuation of the Arena as part of the bottom line figure. Not excusing the inability to keep up with the other teams in the NBA but that is where those figures are coming from.
Also, idk where you’re going with the hedge fund comment. 2/3 of the teams in the NBA have PE investors.
I think they have tried to win and failed.