6 (Not So Simple) Steps for Purchasing a Professional Sports Team
Who hasn’t dreamed of owning their very own professional sports team? Well it can be done and it would be easy to restrict this list to just one simple requirement, namely, the first item on this list. But there’s more to it than that. Here are six (not so simple) steps for purchasing a professional sports team.
- Get Rich Quick
Piece of cake, right? Okay, maybe not. But being rich is the first step along the way. They don’t give these franchises away. And some of them are worth billions! So you had better start with very deep pockets.
- Know the Sport
An in-depth knowledge of the sport is a big help. You need to know if the sport is thriving in the city where your team is located. In the case of football and baseball, this can be a given. But with basketball and hockey, things are a little more hit and miss. Struggling teams can be had cheap but you better be sure you’ve got the know-how to turn them around or you’ll keep losing money.
- Love the Hate
Fans of your team will hate you. The honeymoon will be over quick so you had better have … Read more at FryingPanSports