[habs4ever]

A public company could own a b-ball team to capture tax loss carryforwards.It would be a natural for very high ROE companies, namely in software, that have clean balance sheets and cash, to buy one.But, it makes more sense for it to be a broadcaster or cable network that needs product, or software,to broadcast.Many beer companies have owned teams for years, as a way to cross market, except it depends on winning to be a success, and when a team slips, like the Montreal Canadiens have done, then those wonderful synergies go too.Its hard to make a case for this as a business when 80% of revenues is allocated to payroll.And those who scream that owners wouldn't pay this money unless it wasn't worth it, have never heard of the greater fool theory.

[Torie]

Yes, I appreciate the cross marketing theory, which may be why the Dodgers are losing a bunch because Fox isn't paying enough for the TV rights. But you can't traffic in NOL's anymore. Those days are gone.