What It Takes For A Celebrity To Own A Sports Team
Then you see some celebrities go beyond just owning a sports team and create an entire league. Ice Cube and manager Jeff Kwatinetz launched the Big3 league, a 3-on-3 basketball league featuring former NBA stars. However, while the dream of lifting a championship and hanging out with the best athletes in the world is enticing, it’s not always easy for a celebrity to buy in. The average value of MLB and NFL franchises have increased by 19 percent year over year, while the NBA has enjoyed a five-year period of skyrocketing value – the average franchise is worth 3....