How Do You Buy A Sports Franchise?
The start of the New Year brings the NFL playoffs as well as baseball’s spring training. Then comes the start of the NBA and NHL playoff season. Let’s face it, professional sports are America’s pastime. Sports fans swarm to team shops to purchase jerseys and other items that bear their favorite team’s logo. It is obvious that a large sum of money can be made in the professional sports industry, which makes owning a sports franchise a very profitable venture. Read on for some guidelines to follow before entertaining the idea of purchasing a sports franchise. How to Buy a Sports Franchise Step 1 You should not purchase a franchise that you are passionate about. Your judgment will become clouded when management decisions are needed to put together a winning team on the field. Step 2 Research the market base of the franchise. Is the fan base solid? How many season tickets are sold on a yearly basis? How many competing pro franchises are located in your surrounding area? Step 3 Understand t
