Quote:
Originally Posted by stone hands
can we stop pretending for one second that billionaires own sports teams because it a sound investment vehicle instead of it being an extremely prestigious toy they can flaunt to their other billionaire friends and are in the hockey business because they personally want to own a hockey team and no other reason?
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Ehh, not really. The Flames' estimated franchise value has gone from $135 million in 2006 to $450 million as of 2018. That averages about a 10% increase every year for over a decade. Teams are a toy, but they have also become a sound investment vehicle.