Own a Sports Team - How to Buy a Sports Team
There are a few things to consider when owning a professional sports team. Do you want to be a majority owner or just have a small stake in a team to have the claim that you are a sports team owner? There are major league teams, minor league teams and independent league teams to choose from. We've partnered with Wall Street Capital Management to help you with the entire process of investing and owning a professional sports team. Call us at 1.888.246.7141 to speak to one of our agents about investment into a sports franchise. You can also contact us online with any question you may have.
Some successful sports team owners include Nolan Ryan of the Texas Rangers, Mark Cuban of the Dallas Mavericks, Hal Steinbrenner of the New York Yankees, Rich DeVos of the Orlando Magic, Jerry Reinsdorf of the Chicago White Sox, Daniel Snyder of the Washington Redskins and John W. Henry of the Boston Red Sox
Decide Your Sport
Decide what kind of sports team you are interested in owning. If you are going to own a team, you should definitely love the sport. There are pro leagues in baseball, basketball, football, hockey and soccer, as well as minor league teams in each sport, which gives plenty of options depending on your investment.
Pick Your Market and Potential Team
Pick a team and market that you would like to buy. You should not buy the team you consider your favorite. Many important decisions may be clouded due to how you feel about the team and players as a whole. Try to find a team you like, with upside potential, but not a team that you consider your favorite.
Research Your Market
Research the fan base and surrounding market of the team you are interested in buying. It is very important to understand the fan base, number of season ticket holders, consession / merchandise sales and the competition.
Know Your Role
Understand what your role would be if you owned the team. There is a tremendous amount of responsibility in owning a sports team, regardless of the level. Meet with the present owner and talk with him about the roles of being an owner, responsbilities and duties. Some are silent partners while others are very hands on.
Understand the Team's Finances
Review the financial situation of the team. Understand all debts, contracts, and sponsorships that are associated with the team. You do not want to purchase a team without reviewing the finances, because you do not want to be surprised after the purchase and find out that the team is bankrupt.
Type of Sports Team Ownership
|Own a Basketball Team||Own a D League Team||Own a Football Team|
|Own a Minor League Baseball Team||Own an Arena League Team||Own a Sports Team|
|Own a Hockey Team||Own a Baseball Team||Own a Soccer Team|
|Own a NASCAR Team|
Featured Company Specializing in Sports Team Ownership
Wall Street Management & Capital, Inc. works with select private firms as well as publicly traded entities across the globe which need strategic assistance, which include securing investment for sports team ownership. Their team members have assisted clients and consummated transactions on six continents, and we welcome publicly traded as well as established privately held foreign firms to contact us. Our group of advisors comprise approximately 500 years of senior management experience in a wide variety of industry sectors, geographies, and technical disciplines. Call us at 1.888.246.7141 or contact us online.