It’s Super Bowl weekend — but instead of hype and halftime noise, today’s Peoplenomics report takes a hard look at something few people ever question: why taxpayers are still paying for private sports empires.
In Frank’s Weekend: The High Cost of Private Sports, we trace the hidden financial machinery behind stadiums, bonds, and “public-private partnerships,” and explain why these projects almost never pay for themselves — no matter how they’re sold to voters.
This isn’t a rant about sports. It’s an accounting story. One that reaches back to a little-known legal fight in Seattle in the early 1970s and runs straight through today’s ballooning public debt, rising living costs, and misplaced priorities. Along the way, we separate civic pride from fiscal reality and show how entertainment quietly became one of the most reliable ways to socialize risk while privatizing profit.
Subscribers also get this week’s ChartPack, where we lay out how current market conditions, short-term volatility, and state-variance extremes may shape trading in the days ahead — including why a brief pullback could give way to a sharper rally. If you want the full analysis, the historical context, and the market framework that goes with it, log in or subscribe below.
Or, go pop a cold one and keep pretending.
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