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The Golden State Warriors are privately financing a new, $1.4 billion arena that the NBA team will move into next year. Sinclair Broadcast Group just bought 21 regional sports networks and Fox College Sports network from Walt Disney for $9.6 billion.
While the price tags for the arena and networks are accurate, they don’t paint the complete picture. The Warriors received a favorable tax ruling that will save the team’s owners a pile of dough. And Sinclair’s “effective” purchase price will be much less than $9.6 billion, allowing the broadcaster to plow hundreds of millions more back into the business.
Accounting expert Robert Willens explains both deals on the current episode of the YES Network’s Forbes SportsMoney (below).
This article was originally published by Forbes.com. Read the original article here.