lamafist
Rotational Player and Threatening Starter's Job
- Joined
- Jul 26, 2008
- Messages
- 1,197
- Reaction score
- 124
I'm sorry, but your statement is fundamentally flawed.
The value of an item comes from numerous sources. Like an increase in real estate prices. Like an increase in assets, including cash on hand. The only way to increase the cash on hand is through profits. It also comes from an increase in the demand of the product. Teams like the Packers have a 40 year season ticket waiting list. The Pats waiting list is like 15 years or so. Other teams don't have a waiting list at all.
Teams that WIN on a consistent basis have a higher value than a team that loses on a consistent basis. Teams that lose on a consistent basis get sold more often. We, as Pats fans, know this all to well.
To say that the NFL Owners have "MADE" 23 billion, just because the values of the teams have increased is just downright erroneous and shows a lack of understanding of economics.
I've reread this post a couple times, and still can't figure out if there's an actual argument you're trying to make. Yes, winning and losing can effect a team's value -- though not as much as one might think. Fan investment is probably one of the most mutable things about a team -- start winning, and the fans come right back. This is why the Redskins regularly top out as the country's most valuable sports franchise, despite being mediocre on the field. If a losing team has a solid money-making infrastructure, especially a good stadium situation, it retains almost all of its market value because it has the potential for mass profitability with little additional capital investment necessary.
Of course, all of that is pretty much irrelevant to your primary objection, which is to the basic and not at all erroneous fact that, collectively the NFL's owners have made 23 billion dollars since 1998 from capital gains from their franchises alone. This is real -- and taxable -- income. Forbes counts it. The U.S. government counts it. Banks count it. Your the only one who seems not to.