In a small business, you're probably right. In corporate America, you're probably wrong. You get a big parachute and you fly away free. Some of these guys have had their skins saved by the Gov't, after all. Should I list the owners who have had a bedrock of support beneath them?
These are the owners who are pure football guys with longevity, football is the main business, AND/OR they inherited their team from parents whose business was football:
1. Wilson
2. Bidwill
3. McCaskey
4. Brown
5. Bowlen
6. Irsay
7. Hunt
8. Davis
9. Rooney
10. Mara
When you realize that the inflationary rise in the value of the franchises over years is largely a result of both their hardwork, but also the taxpayer, it's really hard to say they had their skins in the game. Every one of these guys except for the Mara's owes a portion of their net worth to a taxpaying public that gave them a stadium. So, I sometimes feel like they shouldn't get that much credit for putting their hide on the line. They are supported by taxpayers.
Owners who became fabulously wealthy as CEOs or in Finance:
1. Blank--Home Depot, all the venture capital for the start of HD was put up by Ken Rangone
2. Lerner--MBNA Exec
3. Allen--Venture capital launched 100% of his business
4. Adams--CEO Phillips Petroleum
5. Lurie--Hollywood Producer, ace at raising cash for movies and making a bundle
Self-Made, invested their own money
1. Richardson--Hardee's
2. Jones--Oil
3. Kraft--IFP
4. Bisciotti
5. Weaver--9 West Shoes
6. Benson--Car Dealership
7. Spanos--Construction
8. Snyder--Advertising
9. Wulf--Apartment Homes
10. Glazer--Conglomerate
Mixed bags:
1. Ross--Made his money at Bear Stearns, Real Estate
2. Ford--Old Family Biz, been public now since forever, CEO of Ford until 2005, Gov't bailout
3. Kroenke--Married into Walton Family, then started company that builds WalMarts
4. DeBartolo--Won 49ers in family lawsuit, father owned malls
5. Johnson--J&J Heir, trust fund turned into Johnson Investing (hedge fund), caught bilking the gov't of $300 million in taxes--lucky he didn't go to jail
6. McNair--Ran Public Utilities, part of Enron
There are certainly several owners who have have their own hides at risk. But they entered this biz that relies on the performance of athletes. I don't see those athletes as expendable. Guys like Brady and Manning are practically irreplaceable icons. But the rest of the guys have been totally buoyed by taxpayers, and their valuations are based on a whole host of questionable factors, such as the business entertainment deduction. The point is, I don't think the contention that they have their own cash at stake holds for many of them.