> I imagine they could set up their own social network,
The point is not running their own network to have everyone there, the idea is to have a federated instance where they set up accounts for their teams, coaches, players, etc.
What is more valuable, brand-wise? "Follow @lebron@threads.net" or "follow @lebron@nba.com"?
> they'd have to manage a social network
Pretty sure they already have a sizeable team dedicated to managing/running their social media accounts and presence?
> companies would rather deal with someone they can call to fix things.
Of course, just like they have someone to manage their website, the mobile app development, etc, etc.