Thursday, July 15, 2010

Wanna Be in the Majors?

It seems like a really cool idea: owning a team; even a minor league one. There's a lot that goes into it though. To start with there are several decisions you need to make before buying a minor league baseball team. There are many benefits to owning any type of minor league team, and most make a considerable profit throughout the year. According to CNN the values of minor league teams rose as much as 2 percent in 2005.

Decide if you want to be part of a franchised, major league sponsored team, or if you want to own an independent minor league team. They all play on the same roster, but have one main difference. Major league sponsored minor league teams are supported by their sponsors. The major league team pays the salaries of the minor team so there is someplace for the team to develop talent. The independent minor league team pays its own salaries. Both teams keep all of the income from tickets, souvenirs and concessions. Major league sponsored teams make more money because they don't have to pay out salaries, but, they have no control over who is on the team. Independent team owners make a little less money, but pick their players.

Decide if you want to be a hands-on owner, or if you would prefer to simply own stock in the franchise. Being a hands-on owner has great rewards, intimate connections with the team, and a direct say-so over what happens. Hands-on owners also make more money. However, it also costs a lot more to have a large share, or sole ownership of a minor league baseball team. If you don't have several million dollars you can still be a part of the thrill of owning a profitable minor league team, and work your way up in the ranks from there.

Be prepared to pay between three and twenty-five million dollars for full, outright ownership of a major league affiliated minor team.

Check with the parent club for available minor league ownership possibilities.

Start your own minor league team without affiliations to the MiLB. There are also established teams occasionally for sale, but the news of the availability is largely word-of-mouth or industry news. Get involved with several minor league baseball websites, and the official MiLB website to keep abreast of all that is going on and any possible openings in indy teams.

Be prepared to enjoy an invigorating sport from the inside and have the pride that comes with owning a team included in the sport that is America's national pastime.