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Old 08-25-2011, 11:50 PM   #7 (permalink)
BballWatcher
kicking himself for being so emotionally invested in the Roller-coaster Raptors

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Great article!

The point on franchise valuations is a good one: even though these "businesses" may not turn massive annual profits for all of the owners (just most of them - those with winning teams and in medium to large sized markets), if the owners just hold on to the team for a few years and then sell it, they will invariably turn a profit selling the team because team valuations are constantly increasing and buyers always overpay for teams anyways due to their rarity.
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