To Buy or Not To Buy...

That is the question for owners of NFL, MLB, NBA, and NHL teams. The stagnant economy has caused many sports fans to put their money away for safe keeping instead of possibly going to a game like might have been an option a few a few years back. Owners of teams are seeing that and are now starting to think that maybe purchasing a team might not be in their best interest. Look at the values of some NFL teams. We are talking billion dollar franchises. In years past, team owners would purchase a team because it was a hobby. It was fun to do. Teams were much cheaper to purchase and the blow would not hurt nearly as bad if teams were not making much money. That is just not the case anymore. The billionaire hobby of purchasing teams does not happen as much anymore as it once did.

Remember the Nashville Predator rumors about coming to KC? Check this out from the Wall Street Journal. Mr. William "Boots" Del Biaggio says,

"Hopefully, attendance will pick up," Mr. Del Biaggio says. "We're going to be really dependent on improving corporate sales. Anyone who is doing this to make money is doing it for the wrong reasons." There's been speculation Mr. Del Biaggio might want to move the team to Kansas City, something he doesn't rule out. "If expansion or relocation became a possibility in several years,
Kansas City would be an awesome location," he says. "But at this point, I'm committed to Nashville." The Predators haven't been profitable in recent years. Mr. Del Biaggio says he hopes to get to break-even or better on stronger ticket sales and perhaps the NHL's eventual ability to win a national television contract again. Still, he says, "I would never want more than 10% of my net worth to be in sports."

So with the sagging economy, could the Predators be headed this way, and even moreso could Kansas City support another Professional team when Sprint, H&R Block, and so many others laying off people right and left.

Whats going to happen to the Billionaire Owner? Who really cares I think, when we have people with many more serious issues to consider.