[colinsidoti]

I found this really interesting. I would love to know more about the business relationship between the MLB, the teams, and BAM. On the surface, this reads like the MLB simply took some huge bets that paid off: 1) $120MM in funding, 2) control over ticketing, and 3) perhaps most shockingly, not giving up on the team despite some expensive, early failures.

I imagine there was quite a bit more adversity than the story hints, though.

Good for the MLB. I'm not used to reading about high-value tech companies spinning out of incumbents.