[deepzn]

I get your point about financial tricks. I've read the tax harvesting many owners use/do as well. Advertising and Real estate are also bonafide revenue streams, but arguably not good enough of a return by in itself. Also real estate, etc are huge projects, and not just bought for land to appreciate. A lot of it requires careful and strategic planning. It will not always work out.

But, it's missing my point that many owners are getting a 10x return on their investment when they flip the sports team mostly due to the brand going up in value, being a luxury item for the wealthy, or a status symbol, and hence growing 10x in Therefore, many new owners, and prospective ones at that as your example, the ones buying football or soccer teams...like the tech CEOs, hedge funds or Oil money, etc do so to either flip the trade to make 10x, or buy a brand to associate with for status.