UPDATE: Celebrities just can’t stop buying sports teams. Maybe it’s because of the prestige involved, or because sports teams (at least the successful ones) have a way of making a decent amount of money, which makes them what financial experts refer to as “a good investment.” So with plenty of celebs putting down money on professional sports teams, it’s not too tough to add a couple of additional entries to this list, in the interest of expanding knowledge and honoring more celebrities. Because if there’s one thing these famous people need a lot more of, it’s attention.
If you were a movie star making $15 million per movie, or a hip hop mogul worth $500 million, what would you do with all that dough? Build a school in Africa? Fund a new cancer wing at the hospital? Invest in mutual funds?
Hell no. You’re a sports nut. So you’d buy a sports team.
Of course, there are a lot of reasons for wanting to own a professional sports team, but making tons of money usually isn’t one of them. Sure, you can make tons of money. The really terrible owners usually do. But in most cases, if they want to dress a winning team, owners don’t make nearly as much money as they would if they just invested their money.
So really, being a team owner is a labor of love. You do it because you love the game and want to be a part of it. Or at least because you want to seem cool. But you don’t really do it for the money.
Today, let’s have a look at the most notable celebrity team owners around. Some you already know about, but I bet others will surprise you. Either way, they’re living your fantasy life…those bastards.