Becoming an owner in the rarefied world of Major League Baseball comes with its own set of risks, as well as substantial rewards, not the least of which are huge financial gains when a team is sold. And with the colossal television contracts being negotiated these days for local broadcast rights, the value of teams can only go up, experts say. The sale of the team still requires approval by other Major League Baseball owners, who could take action as soon as Aug. Owning a team, while a vanity acquisition that shines a bright spotlight on the owners and their other financial interests, is still, at bottom, a business that can pay huge dividends for the patient investor. Today, there are few who can say this is a toy. There are a number of economic complexities involved in owning a baseball team, not to mention circumstances on and off the field that are often beyond the control of the owner and the franchise. A : Most experts agree that few teams fail to appreciate over time.
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By using our site, you acknowledge that you have read and understand our Cookie Policy , Privacy Policy , and our Terms of Service. What I am wondering is, in general do the team owners have to spend money to manage the club, for passion I hope , or can they earn money from this activity as a job or an «financial investment»? There are similar questions that has been brought up on other sites. Ultimately though, generally speaking after all annual revenue is collected and all expenses are paid, sports franchises do not make a profit. However majority increase in value annually, hence even if a owner is not making a profit through advertising and sales, their net worth still increases. This fact can be seen in the graphic below. Generally, it is not the motivation of a sports team owner to make a profit , but to have their franchise increase in value. That’s not to say that all teams don’t make money, but many do not.
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The socio-economic deferrence paid to sports especially in the form of corporate welfare, like publicly funded ballparks and cash incentives for a team to remain in a certain city is an obscene, but hardly surprising feature of modern capitalism. Professional sports plays a very important role in society as a distraction — it gives people something to concern themselves with while neglecting other, more important issues that directly effect their lives.
You know, like the lack of adequate health care, the huge budget deficit, the subsidizing of big business. Take a look at how much time and space is dedicated to sports news. Your question could also be applied to celebrities. Why is so much time dedicated to the stars’ pregnancies or scrapes with the law? The next time you watch your local news, use a stopwatch and time the stories or segments.
How much time is spent talking about the war and how much time is spent talking about Paris Hilton? If you ask members of the broadcast news media especially news directors and producersthey will tell you that the public doesn’t want a lot of news.
The public wants to be entertained. Well, ask yourself — who is served by this approach? Is it you, the consumer of the news Finally, why ARE military men and women paid so little? The sad, but simple truth is, they are expendable pawns in the game.
They are numbers. They are not human beings whose welfare we have to be concerned. We might get to see their pictures when they’re killed, or when someone is waving a flag.
Who is the best known casualty of the war s? Pat Tillman, a celebrity football player. And when he was killed by friendly fire, what happened? Did the government apologize to his family? They created a story that was a complete myth and the media dutifully reported it. They earn every penny by giving up their freedom, anonymity and privacy. Every detail of their lives is published for all to see. That’s a high price to pay for a few million a year.
Plus, they have a tremendous work ethic! They do things which most people aren’t willing to do so they can have what others won’t. The reality for most of us is to work from the age of 16 to the age of That’s 51 years!!!!!
Pro athletes work for ten to twenty years, then retire with enough money to live an awesome life. It’s called condensing time frames and they’re experts at it. Hell no they don’t. They get what they get because very few people can do what they do at the level they do it. They create a huge money machine for team owners. They deserve every penny. I heard the same thing 30 years ago when most baseball players made well under grand a year.
People are jealous, it’s as simple as. I say God bless ’em. I think you have to look at it in a case to case situation.
Some players go out and work their butts off, and play as hard as they can, this is their job. If their employers want to pay them this much then so be it that is their choice. If they are going out and trying their hardest every game and trying to win then they are not making too much and deserve every dime their owner will pay.
Then there are the players who go out there, and just give up if things go wrong. They will only try if there is a chance to win.
There are also people out there who just don’t try. They rely on their natural ability, and don’t try, but are getting payed. These are the players that are making way too. Some of. The ridiculous football players make waaay to. They play 18!!! The soccer players play between 60 and 80 games a year! They deserve their money because at the end of the season they can barely walk. Redskins for example at the end of the season will not be even tired.
It’s a case of supply and demand. Since there is no competing product the price of tickets will continue to rise and the salaries of the players will as. Did you know in the last year athletes salaries increased by 9 percent.
It’s ridiculous, they are making millions and millions playing a friggin’ game while other people risk their lives each day for a fraction of. Yes I think they make way too much money especially because our children look up to them and do stupid things like drink and drive or get in fights at games and just act ridiculous.
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The value system in this world is all screwed up. Don’t even get me started on Hollywood. Well, back to my breakass 30K a year job. Happy Holidays!!!! Tatia D. Sippy Lv 4. Show more answers Still have questions?
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Many built their fortunes from the ground up, ownwrs a majority purchased teams several decades ago and have since presided over significant franchise growth. To find out, Money used net worth numbers from the Bloomberg Billionaires Index as of Monday, August 27 to rank the 10 richest Americans who muchh sports teams. We then used publicly available information to find the original purchase price of each team and compared it to the most recent Forbes team valuations to determine the amount each owner has profited since purchasing their teams. His sister, Shari, still lives in Israel and holds the title of richest woman in the country. InArison became the CEO of Carnival, growing the fleet from three ships to more than before stepping down in How He Made His Billions: Philip Anschutz built a fortune investing in oil, railroads, telecom, real estate, sports and entertainment.
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He is also a co-founder of Major League Soccer and has supported the league financially since the s. The billionaire also owns Equinox the parent company of SoulCycle. He founded his namesake real estate business inwhich has built numerous shopping centers and high-rises. He also has stakes in other sports teams, including a professional eSports team. He moved the team from St. The move gives him complete control of the club and its future profits.
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