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Creator revenue compared with sports franchises
AttributeSports franchisesCreator revenue · CRF
Underlying assetInterest in a sports businessContractual creator revenue participations
Source of cashBusiness revenue and distributionsEligible revenue defined in each agreement
What to examineOwnership terms, operating costs and distributionsRevenue history, contract duration, collection and creator dependency
Access to capitalDepends on ownership terms and available buyersLP tenders subject to limits; underlying asset sales are separate

Structural explanation · CRF deck v10.1. Source, basis and limitations: Comparing the underlying rights

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