RealClearSports
Advertisement

These Folks Can Show You the Money

AP Photo

The advantage of owning a valuable sports team isn’t just the profit an owner can make when he sells. The equity in a team can be an avenue to even greater wealth when managed properly, like buying a Major League Soccer team, or starting a stadium hospitality business or television network. Owners also borrow against the value of their sports teams for their businesses outside of sports and their personal use.

Which owners sit on the biggest bounties? The 10 below have the most equity (enterprise value less debt) in their sports teams based on their ownership stakes in their MLB, NBA, NFL and NHL teams. These owners have the greatest financial clout among their peers.

Read Full Article »

Recommended Articles

Give Disabled Access to Teams, Schools Told

Greg Toppo, USA Today - January 25, 2013

The Obama administration for the first time is telling school districts across the USA that they must give disabled students equal access to extracurricular sports, a move that advocates say has been years in the making. In a... more »