The Exploding Prices of Pro Sports Franchises

On Wednesday, September 21, Robert Sarver, the embattled owner of the Phoenix Suns and Mercury, announced that he would be looking into selling his teams. He didn’t sound altogether pleased about the development—in the statement he blamed “our current unforgiving climate” for forcing him to explore a sale—though it’s hard to believe he can really be all that upset. Today Forbes estimates the value of the Suns at $2.7 billion.