Quote:
Originally Posted by Cannon Shell
Owners NEVER lose money on pro sports franchises. Whatever they pay won't really matter because teams always appreciate in value.
Kind of makes you think the players union got played during the last lockout when so many owners were crying that they were losing money. The Bucks sold for $550,000,000 with a decrepit arena, no stars in the countries 39th largest market.
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Don't forget that almost ALWAYS franchise ownership brings with it lucrative real estate deals. Gretzyky made millions owning (partially) the Coyotes from the development around the new arena, all while the team stunk up the NHL and bemoaned to the league how much money they were losing.
Most owners are in the game solely for the real estate development opportunities and kickbacks. In many cases it behooves them to have the team lose money.
05-30-2014, 02:36 PM
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