NBA owners recently voted to allow sovereign wealth funds, pension funds and university endowments to buy shares of teams, vastly expanding the league's pool of potential investors.
Why it matters: NBA ownership, once reserved for uber-rich individuals, is increasingly becoming just another investment vehicle — albeit a very expensive one.
Major League Baseball's Winter Meetings are back in person for the first time in three years, and a free-agent frenzy is expected across the four-day event, which began Sunday.
State of play: Hundreds of team reps and player agents have taken over San Diego's Manchester Grand Hyatt, where a record $1.07 billion worth of contracts were handed out to 19 free agents in 2019.
