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Why Would Someone Want to Buy a Sports Franchise?

Posted on August 25, 2010 by Caleb Newquist

“Because of the way the value of sports franchises generally appreciates each year in the marketplace, each owner is in it for the holy grail, and that is to sell the team eventually when they realize very nice capital gains.”

~ Brian Beerman of Beerman, Piper & Associates LLP insists that championships are NBD.

Posted in Quote of the DayTagged Baseball, capital gains, Sports franchises

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Next: Accounting News Roundup: Herz Departure Is a Gift for Banks; American Apparel Blames Deloitte for Late Filings; Your Commute Isn’t That Bad | 08.25.10

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Quote of the Day: Never a Dull Moment in Accounting | 03.31.10

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“Accounting can be exciting — exciting like finding out you are going broke, or exciting like driving a big profit.”

~ Jay Goltz, entrepreneur and contributor to You’re the Boss.

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Memo to Big 4 Partners

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“Overtime-induced work stress might contribute to a substantial proportion of cardiovascular disease.”

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“Efforts to manage the size of our balance sheet are routine and appropriate, and we believe our actions are consistent with all applicable accounting and legal requirements.”

~ Bank of America statement on the allegations that they engaged in balance sheet manipulation. A statement not so different from Ernst & Young’s on their final audit of Lehman Brothers.

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