There's a third option, plow money back into the organization, scouting, signing Latin American prospects, and break even. Why is that not an acceptable outcome? It's likely that the Pirates wouldn't turn a profit at all without help from the government and other teams, so what has ownership done to deserve a profit other than join a cushy cartel? Yep, and if the owners want out there will be someone else waiting to buy the team for more than they had paid, so in the long run they will still have some gain on their "investment". Owning a baseball team should not be seen as a real investment by the owners, they should (and I think most do) treat it as a leisure/entertainment/hobby expense...with the potential for a long term gain. Attanasio has not generated profits, but were he to sell there would apparently be a gain of about 50% over the 2005 purchase price. http://www.forbes.com/lis...ukee-Brewers_337147.html I sure wish I had made a 50% cumulative gain on my investments over the last 5 years (instead of the 28% I did make). BTW, aside from the undeserved profits the Pirate owners have taken, it appears they would triple their money over a 14 year period were they to sell, that alone translates to an 8% annualized return. http://www.forbes.com/lis...urgh-Pirates_339965.html