Wow, the cost of owning an NFL team sounds hefty, doesn’t it? To start off, you’d better have a gang of mula – just to buy the team you’d be looking at spending at least several hundred million dollars. That’s right, just to get the franchise off the ground you can expect to be forking over a huge chunk of change; and that’s just the beginning!
Now, with the cost of owning the team, there’s a lot more that goes into it than meets the eye. First, you need to factor in the cost of the players. Due to the high demand for NFL stars, signing the best talent will certainly drive your expenses up. The average NFL roster is around $130 Million, but teams with the savvy to snatch up all-stars, like Tom Brady and Le’Veon Bell, can easily end up spending more than double that figure.
Next, you’ve got to take into account the cost of running the team. This includes the salaries of the coaching staff, support staff, trainers, scouts, lawyers, and the various other professionals needed to keep a team running and competitive. Add in travel expenses, stadium rental fees, and other miscellaneous costs – it quickly adds up to several more millions per year.
So we’ve established that it’s certainly not an inexpensive proposition to own a NFL team. Nonetheless, county taxpayers and other public entities are often willing to help shoulder the burden. Many stadiums are funded, either partially or in full, by local governments. This can ease the financial burden of team ownership, freeing up resources for other areas such as signing more top-tier players.
But owning a NFL team isn’t all about money – it’s a passion, too. For billionaire owners, the possibility of inspiring change in the community is a huge driving force behind their ownership. Participating in one of America’s most beloved sports is not just a hobby or investment but an opportunity to contribute to and shape the lives of others. It’s the kind of thing that dreams are made of – and that truly is priceless.