Do owners of professional sports teams make money (ex Mark Cuban) and if they do , how much appx.?

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Do owners of professional sports teams make money (ex Mark Cuban) and if they do , how much appx.?

2007-03-18 06:47:16 · 2 answers · asked by Anonymous in Sports ➔ Other - Sports

2 answers

Of course they do...but they also have a huge payroll...being the players, coaches, and office people have to get paid...Also they pay luxury taxes...They probably take in a couple hundred million and spend AT LEAST half of it to keep the team running...

2007-03-18 06:53:46 · answer #1 · answered by Terry C. 7 · 0⤊ 0⤋

Of course they do. Especially when they sell the team. There have been huge gains (one hundred million plus).

2007-03-18 06:54:41 · answer #2 · answered by rogeliogreen 2 · 0⤊ 0⤋