Any objective analysis would 100% tell Mike to sell the team.
What capital do they really have embedded in that business? Compared to the price they’ll get for the business, almost none.
They basically own a media production company that is very dependent on 31 other media production companies to help them put on 17 or 20 or 21 shows a year. Ultimately that’s all it is.
i think they own the practice facility beside the stadium. They have a lease for the stadium, but that stadium is publicly owned. That lease can be broken. They own some equipment and a license to participate in the nfl.
The ridiculous pile of money they could get for that company to then invest it across a broad spectrum of businesses through the stock market is mind-boggling.
If you take Mike’s ego out of it, take the fun of owning an NFL franchise out of it, remove the cachet that it provides your extended family, owning an NFL franchise, good God just sell that thing.
I can really think of one franchise in the NFL that sits there and is operated specifically to make money for the owner and his family. Ours. Every other team is a vanity project for a mega, wealthy person, a part of a larger sports team owning conglomerate, or a centerpiece for a marketing and manufacturing operation like the Dallas Cowboys for instance.
The closest thing to our outfit are the Raiders and the Bears. But they are both in much larger markets, and have modernized operations well beyond just employing family members and their friends/associates.