Like if the team wins a league, do the owners get paid any amount from the league itself? Or do owners make money from sponsorships, business deals etc
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A lot of teams don’t make much or break even but the return on investment is incredible when they sell or just adding to their net worth and they’re wonderful rich people toys.
But 3 recent sales to back this up are the Ottawa senators of the NHL. Team broke even or lost money most years but 20 years after buying the team for under 70 million they sold the franchise for almost a billion.
The other is Michael Jordon who bought the Charlotte bobcats for 235 million 14 or so years ago and just sold for 2 billion.
Mark Cuban just sold a majority stake in the Dallas mavs similar idea ,he said it was the best investment he ever made.
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