Owning a baseball team is an excellent investment. First of all, it’s cool as hell. I bet you get a hat for free, you can probably go on the field during batting practice and the value of the investment appreciates at an all-but-guaranteed rate of 10% or more annually. Most of the owners — most of whom are billionaires — have seen their baseball team’s valuation not just grow but multiply, some more than 10 fold, under their stewardship. That’s not income, of course, owning a baseball team is more like buying stocks than working a nine-to-five, but it’s hard to complain.
Why Rob Manfred told his short-sighted lie about MLB teams being bad investments
