Peter Thomson has become a prolific backer of North American startups across finance, cybersecurity and marketing.
Higher costs, especially for apartments, are forcing young people to take on extra jobs and unusual living situations as the school year starts.
Although small now, the levy will surely increase over time until it becomes too costly for companies to repurchase their shares.
Frustrated supporters briefly hoped against hope the mogul was serious when he tweeted he was buying the struggling club. (Spoiler: He wasn’t.)
The New York property is expected to fetch more than $200 million in a sale.