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.