Thursday, April 17, 2014

What Would You Pay For a Failed Franchise?

The going price is $550 million dollars:

ESPN has learned Bucks owner Herb Kohl will announce sale of the team later today to Wesley Edens & Marc Lasry for price of $550 milllion

That's insane money. Insane.

Is there a bigger bubble than that of the valuation of a fringe professional sports franchise? We're not talking the New York Yankees or the Dallas Cowboys. We're talking about the Milwaukee Bucks.

The Bucks are about as a valuable as a Kia Dealership, if that. And if you tell me a Kia dealership is worth a half of a billion dollars, then I'll concede the point. Holy crap.

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