Ironically, PE ownership of sports teams is more equitable than the alternative. when the Red Sox make money it ultimately helps Ontario and LA teachers/pensioners (the investors in PE), instead of a single billionaire owner
Private equity is taking our homes. It's taking our hospitals. It's taking beloved local businesses and stripping them for parts.
And now private equity is running the Red Sox into the ground.
Our new ad ⬇️
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What the people actually yearn for is an era of noblesse-oblige, in which billionaires overspend on public goods (sports teams). Andrew Carnegie as owner, not Bob Nutting
May 23, 2026 · 10:30 PM UTC
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