Quote:
Originally Posted by Dawgswin
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.
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But they dont actually lose money. It is simply untrue. Not only are they profiting wildly on the intrinsic value of the teams they make money on a day to day basis as well. Between TV money, sponsorship dollars, merchandising, and in some leagues revenue sharing and luxury tax distributions, etc they are all making money.
05-30-2014, 02:41 PM
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