Active Users:841 Time:23/12/2024 02:41:48 AM
so the Yankees are buying a basketball team? random thoughts Send a noteboard - 19/07/2010 04:14:34 PM
I would assume if they are buying them they think can make money. Some teams are just very poorly run and proper management can turn them around. Manchester United is the most valuable sports franchise in the world so I would say all of them are hemorrhaging money. Sports teams can make a lot of money. George Bush made his money on the Texas Rangers and they have never been a great team. The Dallas Mavericks were bought for 200 million and are now almost worth 500 million.

Checking Forbes it does look like they are not a bad investment. 186Million in revenue and 35 million in income is not bad for 372 million dollar investment.



Forbes
Reply to message
New York Yankees to buy Spurs? - 18/07/2010 06:30:54 PM 906 Views
Re: New York Yankees to buy Spurs? - 18/07/2010 06:58:12 PM 623 Views
Well, some owners ... - 18/07/2010 07:03:50 PM 637 Views
To make money - 18/07/2010 07:41:27 PM 601 Views
Aston Villa are owned by Randy Lerner (Cleveland Browns, NFL), too - 18/07/2010 07:48:23 PM 684 Views
Re: New York Yankees to buy Spurs? - 19/07/2010 11:20:29 AM 639 Views
so the Yankees are buying a basketball team? - 19/07/2010 04:14:34 PM 866 Views
No, a football team - 19/07/2010 05:44:40 PM 644 Views
You mean an association football team not a real football team - 19/07/2010 06:43:41 PM 640 Views
This made me laugh *NM* - 20/07/2010 07:32:06 PM 281 Views
Why would Daniel Levy sell? - 20/07/2010 02:29:28 PM 649 Views

Reply to Message