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re: Steve Ballmer to buy Los Angeles Clippers for NBA-record $2 billion

Posted on 5/30/14 at 8:54 am to
Posted by onmymedicalgrind
Nunya
Member since Dec 2012
10669 posts
Posted on 5/30/14 at 8:54 am to
quote:

Personally I think this is a horrible financial investment

It probably is, but pro sports ownership isnt about ROI as much as it is the status and "fun" involved in owning a pro sports team. No different than buying a really expensive car (on a much larger scale of course) not because it was a savvy financial move, but because its awesome to have really nice cars when you rich.
quote:

but professional ownership is more about ego than ROI.

Bingo.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
78502 posts
Posted on 5/30/14 at 8:57 am to
quote:

t probably is, but pro sports ownership isnt about ROI as much as it is the status and "fun" involved in owning a pro sports team.


what?
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