Three Tips For Aspiring Sports Team Owners 3
Image via Flickr by Steven Pisano
So you love sports and everything about them and have decided that you want to invest in buying a sports team — but chances are you’re not sure how to go about it. The first step is to start exploring your options so that you can see what’s out there. It might not be possible to get your hands on a major league team just yet, but you might be able to gain access to the finer things that come with owning a share. Alternatively, you might want to cut your teeth on the lower levels and learn from the ground up. However you go about it, here are three tips to help you on your way.
Buying a Share of a Team
Buying shares of a sports team is the same as buying shares of a corporation: The more you buy, the more perks you get. If you’re only buying a small amount, you’re just a stockholder and have no real perks apart from silent ownership and a return on investment. Some teams offer a noncontrolling share option that allows you to fork over a lot of money and get access to skyboxes, season tickets, catering, and more, but each team is different in how it handles shareholders. If you want to have a say in how the team gets run, you might find that buying a share isn’t the way to go and that it’s time to look at smaller leagues. Read the rest of this entry →
