boethius70 t1_j9q3gqc wrote

Cool family history there!

Unfortunately I have very few of the family relics passed down from my parents on either side. Too many moves over the years.

I'm in my 50s now and more recently became interested in my family's history. Finally learned who my great grandparents were on my dad's side at least. My mom is a bit harder because she was adopted (technically my dad was too but he always knew his bio father and his bio mom remarried and my dad took his name) but we also had an opportunity to meet my mom's biological mom several years ago. My sister spent a lot more time getting to know that part of the family and I just met everyone (aunts and uncles, mostly) once. I think of the pictures my sister has there's pretty hardcore evidence they were all pretty much bona fide hillbillies on my mom's side (like bib overalls and jugs of moonshine level hillbillies).

Anyway it is always so interesting to learn something about where you came from, so to speak.


boethius70 t1_iurwtk7 wrote

Yay! Glad you made it through. Never graduated though honestly I was still many credits away from finishing a degree. Did fine the first quarter I was at university but discovered the Internet after that and it was all over.

And, to be fair, I think 99.999999% of humans who fail, make mistakes, don't make it through college/university, and generally screw the pooch move on eventually without killing other humans to vent whatever anger or frustration they may have about their actions.


boethius70 t1_iunvyrw wrote

It seems to me most professional sports franchises increase significantly in value over time. Pretty rare they're not worth considerably more in say 10 or 15 years after a purchase. Football, baseball, American football, basketball, etc.... they all tend to appreciate considerably in value over time.

The increase in value is probably more a product of the value of the franchise name and its relative success vs individual players though obviously if they can recruit and build up a lot of successful teams and players that will add even more to the value of the franchise.

The financial performance of the team I am sure plays into valuation but even if they're an eternal money-loser if they have strong revenue overall and continue growth in recognition, product / merch revenue, stadium / venue revenue, etc. etc. it has value to owners.

Nearly all pro sports franchises are hugely coveted by billionaire types, cities, States/countries, and investment groups. Maybe the very worst teams that can't seem to pull together winning teams for decades might eventually not have much value but it seems to me like even the worst teams draw fans and fill seats. The Clippers have sucked for decades but have stayed around forever and have a significant fan base.

I don't necessarily think the economics and math make any sense but it's maybe like the rarefied ownership aspect and prestige that draws investment. Private jets, multiple huge sprawling mansions that the super-rich maintain around the world, super yachts whose value could feed a small country and get used 2 weeks of the year.. I mean the math makes no sense but there's a certain prestige factor that belies that stupidity.