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Originally Posted by heep223
Fun fact: if the ownership group bought the team for $16M in 1980 and sold it today for $450M, that's a 10% rate of return. That's not exactly the type of return to be expected from a private, entrepreneurial venture. Factoring in inflation over that time period and you get a real return of 7-8%. They've probably lost 10s of millions of operating dollars along the way as well. Goes to show, owning sports teams isn't all that lucrative unless you're in the very top markets.
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Leaving aside the obvious fact that the ownership group is not the same, it's pretty apparent that owning a sports franchise is not an regular venture, in fact, it's not even designed to make profit.
I am given to understand that the Flames have made pretty good piles of money over the last while though. In the NHL they are one of the more profitable teams.