Larry Dolan is a very RICH man, I can't remember which one, but he owns one of the largest credit card companys.
The way I see it is that owning a baseball team is a long term investment and a matter of prestige. Let's say you buy a rare painting or coin. What is that painting or coin bringing you in revenue after you bought it?.....nothing. You get a certain prestige from owning a rare Picasso, etc. The real profit margin is established after you re-sell the comodity later. The same can be said of a baseball franchise. The Yankees were bought for $11 million when Steinbrenner made the investment. They arguebly could be sold for $1 billion right now based on the Red Sox recent purchase of $700 million. I don't care how much money the Yankees have made or lost, the return on the investment is HUGE. I'm willing to bet that if you look at a majority of MLB teams purchase prices when bought and their value today, the return will be more than the money each owner has lost (if any) during the duration of ownership. I feel if people took a minute to think about it this way (although quite economically symplified above), you can see how owners are crying wolf.
