Quote:
Originally Posted by CaptainCrunch
The reputation thing is nice for the owners, but if they're making a $5 million dollar operating income last year, and its sliding to that negative mark, would anyone blame them for moving? I probably wouldn't its business, and its that simple.
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IMO, pro sports teams are rare, luxury investments - not much different than rare art, vintage vehicles, or really expensive wine. The main difference being that they typically pay very nice dividends while, the principal value continues to increase dramatically.
For the city, I don't care much about the dividends/operating income - I want a piece of ownership. I don't care if that's "not the way it works".