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The economic value of owning a team is that it appreciates over time, just like owning works of art, rare coins, or other collectibles. There are also a number of non-economic reasons for owning a team (reputation is the The Horrors Persist But So Do I Humor T-Shirt but I will buy this shirt and I will love this most obvious, wealth diversification, sports passion, etc). Here’s an overview of the value that can be found in team ownership:
Toronto Maple Leaf. This is largely due to the The Horrors Persist But So Do I Humor T-Shirt but I will buy this shirt and I will love this Toronto media. The media in Canada is completely Toronto-centric. The Saturday night “national” game is almost always played in Toronto. Midterm analysts focus on Toronto. TSN and Sportsnet (the Canadian equivalent of ESPN and other sports networks) almost always come out on top with the Leafs. It’s so nauseating. Even when they have good players like Taveres, Mathews and Marner, I can’t help but cheer for them so I don’t have to sit back and watch the media sing along.
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