If you've dreamed of owning a sports franchise only to be put off by the multimillion-dollar cost of popular major league teams, you don't have to give up your goal. The minor league teams for your sport of choice can be just as fun to own, and they cost a lot less to purchase. Minor league teams are also up for sale more often, so you have a good chance of scoring ownership of a great team. But there are issues you have to look out for, and if you've never encountered these before, you may want to enlist the help of franchise purchasing experts who can help you find a fantastic team.
Some minor league teams are farm teams for major league clubs. These teams basically take orders from the major league office, so as the owner of the minor league team, you might not get a lot of say in what happens. However, you'd also get a lot of administrative help running the team, as well as possible financial help. You'd also be associated in name with a major league team, so if you really want to be as close to the majors as you can, this is a great entry point.
Other minor league teams are independent and play in their own leagues -- and this can be freeing for owners who don't want orders from above. But it can also be financially stressful, and many of these leagues dissolve, so your team could potentially find itself with no games.
Minor league games don't draw huge crowds on a regular basis. If your team rises to the top and plays spectacularly, you could draw more people. But you have to assume you'll be seeing a lot of empty seats at most games. Factor that into your budget projections.
One or More
It is possible to own more than one minor league team. In fact, you can own as many as you can afford to buy and support. That means that if you find one team faltering, you can look at how your other teams are doing and see if that can shore up your revenue for the season.
It sounds like owning a minor league team is kind of tough, but it's no tougher than owning a major league team. It just has its own special issues that you have to take into account. Experts in franchise ownership as an investment can help you locate a minor league team that is doing well and that has the potential to be a really good purchase.
Contact a business like Sports Value Consulting, LLC for more help.