Sports is a popular phenomenon, along with the emotions of millions of sports fans around the world, there are also a lot of money involved in sports. But only for those who have a keen eye for business. The widespread popularity of sports has made it into more than just a battle of skills, it is now a mainstay business platform. Investors are quite interested in investing money on sports teams that are popular and on a winning streak. These teams can draw many spectators to the field and there is a lot of money to be made from ticket sales alone. Also, there is a sponsorship, in exchange for a certain company’s advertisement, the company sometimes bears the entire expense of a team and plus some commission. These command big money and by big money I mean in the billions. Be it soccer or basketball or baseball, these franchises collectively make billions of dollars yearly and an investor can make quite a lot of these proceedings.
At insider monkey’s blog page, we have put together a list of 10 Most Profitable Sports Franchises. This list as mentioned contains sports teams based on their profitability ranking from ten to one. To find out more about this fascinating subject, you only have to click on the provided link above, and you will be automatically redirected to the article. Sports fan or not, this article is a must read for anyone interested in business.