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Remember that any losses incurred by the Sharks flow through to ownership's tax returns. Combined, these guys are easily making over $15mm a year, so owning a sports team is just a tax break for these ultra rich folks. Not a bad deal for them at all. I also believe that there are far more lucrative opportunities out there for these guys if their main objective is making $$$. You don't buy a sports team for the money. You buy it because you're a sports fan and you want a really expensive toy.
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