Professional Sports Teams might as well put .Inc after their name. It's just another business.
The demand for Sports memorabilia or anything with a cool team logo on it continues to grow.
The world population has grown by over 3 billion (7.58b by 2020) since 1980 (4.45b). It is expected to reach almost 10 billion by 2050.
Hire the right marketing team and you can make a buck just about anywhere.
Put the .Inc after the name, it's just another business. When it fails in one place, it moves to another - that's part of the global market we live in.
The NHL just made over $1B with 2 expansion teams in 4 years.
Lots of people heckle Bettman, me included at times, but he's grown the league, it is a big player on the market now. Might not be as big as MLB, NBA, NFL, but make no mistake, it is a big player now.
No doubt in some future time a lot of Pro teams will crumble, but right now pro sports is like any other commodity - run with it while it's hot - there's billions to be made.
Last edited by Bluenoser; 12-05-2018 at 04:38 PM.
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