>There was quite a lot of talk in Major League Baseball lately where they
have a 'luxury tax' and revenue sharing so that the bigger clubs have to pay
the smaller ones when they are successful. You have a team like the New York
Yankees whose late boss (generally loathed by opposing fans) did actually
care about winning and put his money where his mouth was paying out hundreds
of millions of dollars to the little clubs whose owners stashed it straight
in to bank accounts in the Cayman Islands whilst investing bugger all in the
teams.
>
That is rather a misrepresentation of how the luxury tax works in mlb, it is there so that the teams in big markets with drastically higher revenues can't simply buy the title every year, but equally they are allowed to spend more of that revenue. Now obviously not all owners spend to their limits, but quite a few do, with some seeing no benefit from those wage bills in much the same as spurs and villa.
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