Why Owning a Sports Team Is the Ultimate Status Symbol
By Derek C. Blasberg••Vanity Fair
For the ultrawealthy, boats or jets are yesterday’s toys. Derek C. Blasberg digs into the last bastion of status for a well-moneyed few.
Actors Ryan Reynolds and Rob McElhenney bought Wrexham A. F. C.
in 2021 for $2. 5 million; its now valued in the hundreds of millions, with an FX docuseries on Disney+ to match. LeBron James parlayed a …