I'm sorry, but that's silly. Sports team purchases are almost always financed with debt. There's absolutely no reason to believe that Fox Sports, or anyone for that matter, would need to check under couch cushions to scrape together 2 billion on day one. I think we're still missing the point, here. I found a present value calculator online that allows you to calculate the present value of an annuity. Essentially, this calculation allows you determine the value today of a group of future payments given a specific rate of return. Now the actual present value of the payments will vary depending on the details of the payments, but even without those it's a very informative exercise. What I found is that a yearly payment of 270 million dollars (this seems to be a common midpoint in reports I have seen), at an 8% rate of return (I pulled this out of my ass, but it's pretty healthy), for 25 years is worth 2.8 billion dollars. No matter how you look at it, Fox Sports just paid more than the cost of the franchise for the rights to broadcast some of the team's games. I don't understand how you can really think that's business as usual. It's completely bizarre. If you're curious to know more, here's a brief definition and explanation of the present value concept: http://www.investopedia.com/terms/p/present-value-annuity.asp#axzz2DfR9MQrF