Sports News

There are a number of variables and they cannot always be discerned from the Team’s financials.  For example, an owner may take a large salary and out family on the payroll, making him look less profitable but reducing his personal expenses.  Or, the same owner may also own the stadium and shift revenues and expenses between the two and report them separately. It is safe to say that owners make a great deal of money.  During the pre-Chris Paul days, Donald Sterling would pay his players at the NBA minimum for a team, and bank his TV and revenue sharing money and probably made in excess of $10 million per year.  Once he invested in payroll and talent, the team sold for $2 billion.  A team like the Milwaukee Bucks, without much recent success, sold for $550 million.  That would suggest the pre-tax profits were in the millions of dollars to Herb Kohl when he owned it.  All in all, the owners, either through enormous compensation or profits, make a great deal of money.