: News Article:
Gary Lawless: Jets would have lost money if they spent to cap
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11-25-2012, 04:31 PM
Join Date: Apr 2012
Originally Posted by
David Thomson is worth 23 billion dollars. He's the richest owner in all of sports. He could lose 50m every year for the rest of his life and not put a dent in his fortune. For these guys these teams are a plaything. When the time is right he'll spend and try to win.
Net Worth does not translate into actual available currency. He doesn't literally have a bank account of 23 billion dollars. If he were to sell off all his holdings that account for the 23 billion he would likely not receive that amount. Not to mention it is the Thomson family that is worth 23 billion, his brother and sisters included, and I am not certain how the value is divided among them.
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