Comments on: Is owning a sports team an investment or a hobby?

By: Money Hacks Carnival #47 | Money Beagle

Money Hacks Carnival #47 | Money Beagle — Wed, 14 Jan 2009 12:24:45 +0000

[...] Is owning a sports team an investment or a hobby? posted at Intelligent Speculator [...]

By: Money Beagle

Money Beagle — Sun, 11 Jan 2009 21:18:34 +0000

I think in a lot of ways, when you get that rich, it really doesn’t make a difference to the owner. It’s seen as a ‘status symbol’ once having the top floor penthouse and the personal airplanes aren’t enough.

By: Mark

Mark — Thu, 01 Jan 2009 22:23:27 +0000

Owning a sports teams seems like a hobby. It is a status symbol for millionaires and billionaires. Owners do seek to make a profit but most seem unconcerned with spending massive amounts of money on luxury taxes ie…Yankees, Mavs, Knicks