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no I'm not really into sports. wbu?
I'm into having an NBA, NFL or Euro Soccer team. It would be insaneeeeeeee.
Depends on what sport and what level of league.
Not quite a ‘sports team’ and no idea how it works, but I used to ice skate myself so I would love to sponsor a few skaters competing at the international level. Can be a very expensive sport especially with travel.
Owning a sports franchise would be awesome. Having said that, I feel like some of the fun of owning a team would get old dealing with the current contract environment. I get that teams need to stay competitive by offering "market rate" contracts, but for the life of me I cannot understand these teams signing guys to 12-13 year deals running until the players turn 41. Some of the recent baseball contracts are just mind blowing. Paying guys 40 million a year for what you know will be the least productive years of their careers has to be frustrating. I'd rather pay them 60 mil a year for shorter terms.
Except, the whole point of the longer term is that you cannot be competitive in the short term with that kind of hit against your salary cap. You essentially are paying an athlete $60mm a year when he's 30. You're just spreading that cost out over 12 years instead of 3.
Any league in which there is a salary cap, every team is making money against what you can call the "front of house" expenses, which is player salaries. If you levered up to buy said team and you have a bad local TV deal and your concessions deal sucks and the stadium is old, maybe you lose money. But it's hard to lose money as a professional sports owner (for a major league, I have no idea what happens in AA baseball or whatever).
Also, depending on the team... certain players have a ton of star power. Maybe it's worth it to bring on LeBron James for an obviously-inflated salary if it sells you more merchandize, puts and extra 100,000 butts in the seats over a season, boosts viewership and therefore the value of your local sports network, etc etc. A lot more to it than just the value creation on the court versus whoever else you could have brought in. As fans, we're inclined to view this shit in terms of how many wins above replacement get bought per $$. As an owner, there is an entire business angle to it which is largely divorced from production on the court.
Why couldn't you be competitive? The Dodgers are a current example of why your statement about not being competitive in the short term is blatantly false.
I'd rather pay the luxury tax now to free up salary cap space after the first 3-5 years. Look at what has happened to the Yankees since 2009. They have had countless old, washed up dudes raking in 20 plus million a year and that has prevented them from rebuilding and bidding on some big name free agents in recent years. It has locked them into a cycle of being almost good enough.
idk if it'd be a pastime per se, still pretty stressful, but it would definitely be badass. Just hard to make sure you're not a terrible person like Dan Snyder.
If you could loan me a billion or so, I am all in.
Yeah being a minority owner would probably be the way to go, you get all the perks, none of the stress.
Yeah but you don't have total control though do you?
Heck yeah I want my own gang of soccer/football hooligans
Don't like teams, I myself am also a person hating teamwork, I prefer going solo on everything, sports and non-sports.
Sponsoring fighters in combat sports would be my thing. I like things that are combative in nature and have destructive elements in it.
The type of fighters I want under my banner would ideally be cocky, talk shit and provoke opponents during pre-fight weight-ins, do a lot of psy ops on opponents, a toxic fighter trashing and be verbally abusive to everyone during press.
You could own an MMA league like Bellator.
You must be fun at parties
He's so "edgy"
Would love to run my childhood teams
Anyone catch Coach Prime on Netflix? Pretty good. Neon Deion is the man.
I'm super competitive...so yes. Especially my hometown teams or a team with a massive global brand.
Would love to own a Formula 1 team. Funny enough is that 10 years ago, you could get a team for pennies on the dollar, but now after the huge following, they estimate team values to increase to near a billion. Would just seem fun to have a sport where the focus is high end car brands, champagne, tracks like Monaco, etc.
Yeah having an F1 team would be amazing.
F1 team or Basketball team for sure.
F1 because Grand Prix racing is the ultimate, and the history is endlessly fascinating. One of my favorite things to watch in whole world is probably that 2-3 minutes between the start of formation lap and the first 3-4 corners of the race. Anticipation is immense. I'm as much of a fan of 60s or 80s F1 as I am of the current grid, if that makes sense.
The beauty of basketball is that it will always find a way to challenge you. Mentally, physically, emotionally... Basketball is a great tutor. It's one of the most creative sports with the combination of ball handling and different ways to score. Good basketball feels like art, both watching and playing.
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