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>> 3. With the expectation of profit > Probably? Why else would they be buying a team for? Teams are money sinks. The reason to buy a team is political power.
by atmosx 5y ago
>> 3. With the expectation of profit
> Probably? Why else would they be buying a team for?
Teams are money sinks. The reason to buy a team is political power. To the extend that the state will turn a blind eye or two (see ^2). A totally random example[1], less random examples: Juventus, AC Milan, Olympiacos[^2] and countless others.
Just pointing the obvious, I agree that this transaction should be regulated, all I'm saying is that (3) is not _necessarily real_ in this or other cases.
[^1]: https://en.wikipedia.org/wiki/Joan_Laporta#Political_activities https://en.wikipedia.org/wiki/Joan_Laporta#Political_activit...
[^2]: https://newrepublic.com/article/159252/noor-one-vampire-ship-heroin-turkey-greece-corruption-scandal https://newrepublic.com/article/159252/noor-one-vampire-ship...
- sofixa 5y agoAmerican sports teams are generally very profitable due to the structure - franchises, closed, no relegation or promotion, shared academy intake academy preference to the worst performing teams - basically an owner can not invest anything, the team can perform bad, and they'd just get good youngsters without getting relegated, and keep the same revenues, whereas a European team being managed badly or with little investment will fall down the pyramid, with diminishing revenues, and they'd have only their own academy to count on, without investment to buy new players. And for your Barcelona example, it isn't a good one. It's a fan owned club, the president is elected and isn't an owner and can't really invest in it bar some special cases.