Quote:
Originally Posted by CliffFletcher
I thought it was a given that sports teams are not good investments. They're ego vehicles for the mega-rich who are willing to give up some small fraction of their staggering fortunes to have have a really cool toy to play, and enjoy enormous prestige in the community.
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They're not that great for most until you sell them. In the meantime they're ego vehicles but when they grow in value from the mid-eight figures to the mid-nine figures that is where their investment pays off.