Competition makes professional sports compelling as a spectacle rather than an investment. A dozen European football clubs, including Liverpool and AC Milan, plan to form a new Super League with $6bn (£4.3bn) of debt backing from JPMorgan. This “closed shop” format raises worrying issues of potential anti-competitive activity — as might retaliation by football’s aggrieved ruling bodies.
竞争,将职业体育塑造成为一种引人瞩目的奇观,而不是一笔投资。
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