In our last article we discussed How to Buy a Professional Sports Team.
So you’ve decided to take the leap and buy a sports team? Congratulations! Whether you are a minority owner or much more, you now own a piece of the franchise.
Here are a few things you can expect after buying a sports team.
What are the Perks?
In reality, the perks of your ownership could vary. If you happen to buy a sports team as a minority owner, you may not have much say as far as making trades or firing the coach, but you certainly may have perks such as quality seats to the games, invitations to team events and access to current or former players and coaches.
You’ll also have a certain amount of prestige in the community and with friends and acquaintances since you have a stake in a professional sports franchise.
You can certainly expect to have a vested interest in the franchise you have bought into. You may have followed the team before and cheered them on, but now your interests may also include things like how many seats are filled, how much team merchandise is selling and how is the league doing in general from a financial standpoint.
Sure you still want to see them win, but you also want your investment to pay off.
It’s a Business
Not only does buying a sports team give you even more of a vested interest in its success as we just discussed, but it can also provide additional business benefits outside of the team.
Being an owner with perks can give you some indirect business benefits similar to being a member of a golf or yacht club. With the right perks, you should be able to provide tickets or luxury box seats to new and potential clients in your normal field of work. This can help build new business relationships and help you have success in that area as well.
Although most professional franchises grow in value and end up being a good investment, there are times where things don’t go as well. Teams that don’t play well normally will not attract big crowds or sell a lot of merchandise. So, as we discussed in the last article, do your homework in advance and make sure you are making a good, sound investment to buy a sports team.
Those are just a few things you can expect after buying a sports team. One thing we didn’t mention is fun and excitement. As an owner you can also expect a lot of those as you follow YOUR TEAM much closer.
These are just some of the things to consider when you buy a sports team. Want to be an owner?
Experience the benefits of buying sports team now for only $0.99 at prosportsowner.com.