Continued increases in franchise values are not guaranteed True, but the same can be said of any other risky investments, which do not come with the perks of being the owner of an MLB team. Owning rental property often works similarly, your landlord may be claiming losses on his/her taxes every year but hopes to sell for a large profit someday. The Brewers financial picture appears to be better than, for example, the NY Yankees: http://www.forbes.com/lists/2008/33/biz_baseball08_New-York-Yankees_334613.html Yankees 1-Yr Value Chg. 9% Ann. Value Chg. 2 15% Debt/Value 3 77% Revenue 4 $327 mil Operating Inc. 5 $-47.3 mi Brewers 1-Yr Value Chg. 15% Ann. Value Chg. 2 14% Debt/Value 3 36% Revenue 4 $158 mil Operating Inc. 5 $19.2 mil 2Current team value compared with latest transaction price. 3Includes stadium debt. 4Net of stadium revenues used for debt payments. 5Earnings before interest, taxes, depreciation and amortization. The Yankees debt to value ratio would appear to mean they have about $1 billion in debt...wow!