Anti-lockout protests in Buffalo and around the league
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09-13-2012, 04:10 PM
Join Date: Dec 2006
Originally Posted by
owning a sports franchise94875]I probably don't quite follow what you're saying here, but it makes it sound as if you believe people buy NHL franchises as a form of philanthropy. That they like the NHL so much they are willing to lose money to keep the sport afloat. Am I right?
I'm saying, nobody buys an NHL team as strictly a financial investment. There are many reasons to do it, including reputation enhancement, that are involved.[/QUOTE]
Everyone that buys a sports team for a financial investment. Name one sports franchise over the past 20 years whose value did not appreciate? You'll be long pressed to find one.
Second, talk about an awesome tax write-off. Buy a sports-team, structure is as an S Corporation. Take the flow-through loss each year to reduce your taxes all while being able to enjoy going to all the games, hanging out with players, saying you own a sports team, etc.
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