I made my point about the lack of liquidity and practicality of transferring one's personal wealth in the other thread so I'll just toss out another consideration for those who want an owner to exceed the revenues and profits their business is generating... You say take out loans. Fine lets talk about loans. What if the team starts the season terribly in a season you just upped the payroll $40 million via loans in a year you were already projected to finish in the red IF you drew 3 million fans and made a playoff run. Now because the star player got hurt in game 4, or the team is riddled with injuries, or half the team underperforms, suddenly only 2.5 million tickets get sold and half of them aren't even showing up in August and September. Revenues throughout the stadium nosedive. Now here you are on the hook for $40 million plus interest, and you've failed to meet the budget expectations you had WITHOUT the extra $40 million. Now your total shortfall for the year is suddenly $60 million. So the obvious answer is "well your investment has quadrupled, so cry me a river". That $60 million just comes off the billion you'll cash out when you sell. Really now? So there's no chance of a sports bubble ever bursting? There's certainly no chance that the economics get so out of whack that one day it's so bad that no one wants to even bother owing a small market team. The general economy could tank. We could have another US Depression. Don't act like it can't happen, because just over a decade ago, it almost did. Suddenly no one can buy a ticket to a game. No one is paying cable subscription fees, no one is buying team apparel, and suddenly you can't even sell the team for what you paid. The only day you can start counting the money of Forbes' estimated value for Mark A's Brewers is the day the funds hit his account when he sells. If he'd like to see a World Championship while he owns the team and also not risk his entire family fortune, he has to keep an eye on operating revenue and find people who can win within that structure. Anyone asking him to do more is asking him to do something they themselves would never do. That's a kindergarten-level description of how this works. It's obviously much more nuanced. And yes there are owners who take that gamble that the quadrupling in value will be waiting for them at the end. They tend to be at an advanced age knowing they are near the end or very near ready to sell. But it's still a gamble nonetheless. Mark A. sounds like he wants to keep ownership in the family. Thus he's nowhere near the finish line or anywhere near that cash out payday. That means he likely has decades of risk that values will be maintained. He'd be an idiot to risk mortgaging his own wealth based on what today is nothing more than a myth.