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Best of the Left - Leftist Perspectives on Progressive Politics, News, Culture, Economics and Democracy

#1781 Your Team Is a Hedge Fund Now: How Gambling and Billionaires Captured American Sports

Best of the Left - Leftist Perspectives on Progressive Politics, News, Culture, Economics and Democracy

Jay Tomlinson

Politics, News Commentary, News

4.53.4K Ratings

🗓️ 1 April 2026

⏱️ 230 minutes

🧾️ Download transcript

Summary

Air Date: 3–31-2026

Today we examine how money and power have captured American sports from every angle — gambling platforms operating as unregulated casinos, private equity turning franchises into financial assets, leagues suppressing player pay while selling access to politicians, and a sports media apparatus too compromised to report any of it. It's almost all the problems with America on display in one industry.

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Full Show Notes

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TOP TAKES

KP 1: Trump's Record $239M Inauguration & the Sports Owners Who Funded It | Spolitics - Jemele Hill - Air Date 4-30-25

KP 2: We Investigated The Shady Business Behind The UFC - More Perfect Union and Luke Thomas - Air Date 3-6-26

KP 3: World Cup CHAOS As Trump And FIFA Abuse Iran - The Ring of Fire - Air Date 3-21-26

KP 4: ESPN & the Death of Journalism - Drew Gooden - Air Date 3-3-26

KP 5: This WNBA CBA Deal Is Bigger Than Basketball… - The Women's Hoops Show - Air Date 3-24-26

KP 6: Senator Chris Murphy CRACKS DOWN on Prediction Markets | PTFO - PABLO TORRE FINDS OUT - Air Date 3-26-26


(00:46:46) NOTE FROM THE EDITOR

Sports Expose Everything Wrong With America — And Fans Have More Power Than They Think


DEEPER DIVES

(00:58:11) SECTION A: SPORTS ARE POLITICS & CULTURE

(01:58:11) SECTION B: GAMBLING ON EVERYTHING IS BAD IDEA

(02:30:27) SECTION C: THE WOKE NBA, NOT THAT WOKE

(03:08:12) SECTION D: THE BILLIONAIRES ARE ALWAYS THE PROBLEM


SHOW IMAGE CREDITS

Description: Composite image of the silhouette of a business man in a suit holding up an upside-down golden umbrella full of sports balls in a celebratory way as money rains down behind him.

Credit: Internal design. Component images from Pixabay

 

Produced by Jay! Tomlinson

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Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to this episode of the award-winning Best of the Left podcast.

0:07.9

Today we examine how money and power have captured American sports from every angle.

0:13.2

Gambling platforms operating as unregulated casinos, private equity turning franchises into financial assets,

0:20.1

leagues suppressing player pay while selling access to politicians,

0:24.4

and a sports media apparatus too compromised to report any of it.

0:28.8

It's almost all the problems with America on display in one industry.

0:33.2

For those looking for a quick overview,

0:35.0

the sources providing our top takes in about 45 minutes

0:37.6

today include Jamel Hill, More Perfect Union, The Ring of Fire, Drew Gooden, the Women's Hoops

0:44.2

Show, and Pablo Torre finds out. Then, in the additional deeper dives after the show,

0:49.0

there will be more in four sections. Section A, sports are politics and culture. Section B, gambling on everything is a bad

0:57.0

idea. Section C, the woke NBA, not that woke. And section D, the billionaires are always the

1:04.5

problem. But first, a reminder to check out our new show, solved. On the best of left YouTube channel,

1:09.7

we're really proud of the show we're making and think you'll get real value out of it. Plus, you checking it out

1:14.6

will help us find new viewers on YouTube. So thanks in advance for all of your views, likes,

1:19.4

subscribes, and comments. That's all on the best of the left YouTube channel, linked in the show

1:23.9

notes. And now, onto the show.

1:38.1

So when it comes to following the relationship between sports and politics, I follow a very simple rule.

1:39.5

Follow the rich way, man.

1:44.4

The federal election committee recently published a list of donors to Donald Trump's second inauguration.

1:51.5

And what do you know? Some of your favorite sports owners are on this list, aka the rich white men.

1:58.4

Now, Trump's inaugural committee raised $239 million, which was more than double what Trump raised his first time in office.

...

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