Quote:
Originally Posted by Strange Brew
Pro sports is weird. In what other business would you pay over $400 million for a business that turns an operating profit of $5 million unless it's in start up mode.
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It's a hobby for these guys and a means to get into an exclusive club of 31 members. You can understand why owners aren't thrilled about having to spend their millions on new facilities when most of them are not really making any money off the product. They are essentially providing an entertainment service for a city that's the least profitable of all their business endeavors. I understand that many if not all of them could afford to build their own business but at the same time these guys didn't get rich sinking their personal income in bad business endeavors and they are human like everyone else so if the guy next door to you gets a tax break you will want the same break.