Scams & Cons

Stadiums: Teams use a proven and legal plan to use your money to build new stadiums

February 23, 2023 Jim Grinstead Season 4 Episode 3
Scams & Cons
Stadiums: Teams use a proven and legal plan to use your money to build new stadiums
Show Notes

New stadiums can cost several billion dollars to build and who wants to spend that kind of money when the public could foot most of the bill?

True, there are some owners who have shouldered the entire cost, but those are rare.

In this episode, we tell you how teams prepare years in advance to use fan money as no-interest loans, to avoid taxes on their share of the stadium revenues and gin up excitement among fans to drive up the cost -- and profits -- of a new venue.

And it doesn't stop there. Listen in as we lay out the playbook on how to build new stadiums using your money.