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joshhw t1_j6alpev wrote

They have owners with money. Pretty sure someone that can afford a 50 million fee to have a team can figure it out

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DRZ36 t1_j6cz9pp wrote

The people who can pay a $50M fee usually aren’t in the business of bearing millions in operating losses unless there are huge growth opportunities.

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joshhw t1_j6d1fyf wrote

Weird cause that’s how every sports team and almost all start ups are run. I disagree with you.

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DRZ36 t1_j6d38gw wrote

Almost every single NFL, MLB and NBA team is profitable AND there is huge growth in franchise values. Not sure what you’re talking about

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joshhw t1_j6d5342 wrote

I should’ve been more clear in that sports teams are used to off set taxes and are normally reported as losses on their wealthy owners income taxes.

I’d say again, someone who can afford a $50 million price tag for a team, can afford to take a hit if needed. They wouldn’t do it if they didn’t think they could make the financials work. I’d assume neither one of us is a millionaire.

Edit: looking at your post history you might actually be a millionaire. Regardless, they should be able to handle the costs.

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giritrobbins t1_j6d8g0e wrote

Most were established decades ago and while there have been expansions the huge growth has really only been the last two decades or so with the growth of media packages. I think the smallest market team makes more from the NFL tv deals than ticket sales now but there's a reason plenty of teams changed hands for a pittance ages ago. It wasn't the winning proposition it is today.

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