Sports teams are capital assets whose value decreases over time? I mean, if you use the definitions of words, yes. If you use a reasonable perspective -- no, th

Sports teams are capital assets whose value decreases over time? I mean, if you use the definitions of words, yes. If you use a reasonable perspective -- no, this isn't true, the value of a team is reasonably independent of the purchase price, the asset's value and earning capacity fluctuate over time, and it's a collection of people you're paying salaries to, not a fixed asset.