If I had $3.2B I would buy the NY Knicks (MSG) at $3B and NYC Football club at $250M rather than the NY Yankees or Giants both valued at $3.2B.
The NY Basketball franchise and associated properties (run properly) might be the most valuable sporting investment on the planet today. The Soccer team will probably go up 10+ times in a generation. Soccer and Basketball are the only true global sports. The NBA will expand to Europe and probably Asia in the next 10 years. When the Sacramento Kings become the London Kings no one will be surprised. Barca, Madrid, Paris, Berlin, Rome, St. Pete and Moscow are all waiting. The global revenue for the NBA could dwarf everything.
If baseball has its head screwed on straight they should absorb the Japanese and Korean leagues and put 4/6 teams there and maybe a couple in Latin countries in Central and South America. Those are places the game has successfully been exported to. Get rid of 6 to 8 lousy US locations. Will anybody miss TB, KC, MIL, PITT, CIN, OAK, MIN, BALT?
When the Shanghai Dragons or Beijing Emperors join MLB then they'll be getting somewhere.
All professional sports should be wary of gambling and fantasy especially. It erodes the value of the game itself. Anyone who has watched a Monday football game until 12:30 hoping Russell Wilson throws a garbage time TD to get the W in fantasy football knows - that he doesn't care in the Seahawks win or lose. Having a rooting interest in the team is the glue of sports - if they become nothing more than roulette wheels - they have to suffer.