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football tagged posts

Big Numbers

Thanks to L. K. Benson for sharing this blog about the big numbers.

The Washington Redskins Commanders To Be Determined recently sold for over $6 billion. Every time a sports franchise sells, the numbers get bigger, and people can’t believe the huge payout for the owner. Reviled owner Dan Snyder purchased the team back in 1999 for $800 million, which was a record at the time. Yes, $6,000,000,000 is much more than $800,000,000, but how good of an investment was it? Many unknown factors would impact the return calculation on this type of investment, like the ongoing profits of the business, the loans taken out to buy the team, etc. However, if we take that out of the equation, to grow $800 million to $6 billion over 24 years, you’d need to achieve a return of about 9% annually. 

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