Pricey NFL, NBA ownership stakes are pushing investors to smaller leagues and driving valuations higher

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Sign up today for the CNBC Sport Newsletter A version of this article first appeared in the CNBC Sport newsletter with Alex Sherman, which brings you the biggest news and exclusive interviews from the worlds of sports business and media. Sign up to receive future editions, straight to your inbox. Last week, the National Women's Soccer League awarded a new expansion franchise — in Columbus, Ohio — to an ownership group led by Haslam Sports Group for a fee of $205 million. This represents a $40