|
|
|
|
|
by schiang
4401 days ago
|
|
Purchasing the clippers will not decrease his net worth. Owning a major sports franchise especially one in a major market will always be profitable. You're guaranteed to turn a profit every single year. Gate tickets, TV contracts, merchandise, and profit sharing are all very good revenue source for a sports team. He also doesn't have to pay money to build a new arena because Clippers just pay rent to play at Staples Center. Sports is one of the few businesses that will thrive under any economic condition. There will always be fans that shell out money to watch their team. |
|