Reid1boys
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I dont care if a team "Loses," 15
I dont care if teams "Lose," millions each year, they arent losing money. They have some seriously crazy tax filings where they are doing and buying all sorts of stuff and then they "Lose money." Even then, a team that loses money every year has that offset by the fact the value of their investment is increasing at an astronomical rate. The owner of a sports franchise will never lsoe money.
I took sports marketing in high school and was interested in getting into it as a career working for a pro team. When I was heavily involved with DECA and Delta Epsilon Chi which is the collegiate version of DECA and looking to major in marketing. I would research this kind of thing and did a project on owning a pro sports team. Most franchises opparate in the red and are saved by revenue sharing and the television deals. They don't turn a profit on their own. Even with sponsorships and the like teams struggle to make ends meet until the league wide checks clear.
Not everyone's the Yankees,Lakers, Bulls,or Cowboys. It's why the Eagles got bought for peanuts by Lurie and Kraft with the Pats and now they are worth much more relatively speaking of they resold. They're a sunken cost.
I took sports marketing in high school and was interested in getting into it as a career working for a pro team. When I was heavily involved with DECA and Delta Epsilon Chi which is the collegiate version of DECA and looking to major in marketing. I would research this kind of thing and did a project on owning a pro sports team. Most franchises opparate in the red and are saved by revenue sharing and the television deals. They don't turn a profit on their own. Even with sponsorships and the like teams struggle to make ends meet until the league wide checks clear.
Not everyone's the Yankees,Lakers, Bulls,or Cowboys. It's why the Eagles got bought for peanuts by Lurie and Kraft with the Pats and now they are worth much more relatively speaking of they resold. They're a sunken cost.
I dont care if teams "Lose," millions each year, they arent losing money. They have some seriously crazy tax filings where they are doing and buying all sorts of stuff and then they "Lose money." Even then, a team that loses money every year has that offset by the fact the value of their investment is increasing at an astronomical rate. The owner of a sports franchise will never lsoe money.