Quote:
Originally Posted by stone hands
for clarity, i wasnt implying that sports teams couldn't be a good investment,its that ROI on a sports team is not why they are purchased in the first place
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It very well might be. Why did the OTPP buy into Maple Leaf Sports years ago - why did Rogers buy from them? But there are myriad reasons. Being connected to the community, really liking hockey, or making money. Your supposition was that they all want a plaything or bragging rights with other billionaires (like there's some weekly get together). That may be true for some, but I doubt for many.