They are worth whatever the highest bidder thinks they are worth.

We aren't talking about buying Cisco or IBM.......2 rich guys wanted to own an NBA team so they offered Herb Kohl 550 million........so to them that is how much the team was worth........You have to over bid to join the exclusive club of professional sports owners these days. Normal rules of valuation don't really apply and no matter how much you pay............ somebody will always give you more when you are ready to sell.....


It will be interesting to see how the bidding plays out