Are pro sports businesses really guaranteed successes? I’ll admit I don’t follow sports much, but even I’ve noticed that pro sports businesses have huge challenges. They’re dependent on location and government deals more than most businesses are, for example. Teams in the wrong place end up losing money fast. Even with a good location, the high costs of teams that can make it extremely hard to turn a profit. Also, you have to deal with fairly powerful players’ unions (MLB in particular has a long history of labor disputes).
Sports might very well be easy street, but I doubt it’s THAT easy. You said that no NFL business could possibly fail, despite the fact that LA lost two NFL teams.
What experience do you have that makes you say pro sports businesses are easy roads to success?
From people who compete to buy them.
I never said pro sports businesses are easy roads to success. I said that these NFL franchises rake in so much money that there is little to no risk.
You don’t buy a sports team to GET rich. You buy a sports team BECAUSE you are rich. They are not cheap.
Many businesses are franchises. They are sold with a business model and product already established. I know some people who retired at the age of forty because they worked their tails off to save up enough money to buy a medical drug franchise. It was expensive to buy because it is practically a guaranteed money maker.
I don’t know too much about the business of pro sports. But I do know it is an entirely different world from the ‘E-Sports’. The NFL is not hurting for money… that’s for damn sure.
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