[jfman]

I don’t think they’ll collapse, and agree with what you say someone else will step in if it ever came to it.

Whoever did step in still has to answer the original question: how, where and when do they turn a profit? You may be right about the mid 2020s, but how much has been invested to get there?

Given all that what’s the chances of plunging tens of billions into the global sports rights markets before then? Zero.