What is the benefit of owning the Apple TV device if want to watch a channel, such as Fox, that requires a cable subscription,?

So I am thinking about purchasing Apple TV and doing away with cable but I don't want to lose the ability to watch football live. I see that Fox is available but that live TV requires a subscription to a cable company. I am trying to make the smartest and most economically feasible decision. Am I correct in assuming that Apple TV will just add another component and not save me money in the end?

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