Question

. If a sports team is maximizing their wins, is that the same as maximizing their profits? Explain at least three ways that teams seek to maximize their profits. b. Using at least 2 teams from the following list, explain how teams can become wealthy even if they do not win all the time

Rank, Team, Value, 1-Year change (Sport)

1. Dallas Cowboys, $4.8 billion, 14% (NFL)

2. Manchester United, $4.123 billion, 12% (Soccer)

3. Real Madrid, $4.09 billion, 14% (Soccer)

4. Barcelona, $4.064 billion, 12% (Soccer)

5. New York Yankees, $4 billion, 8% (MLB)

6. New England Patriots, $3.7 billion, 9% (NFL)

7. New York Knicks, $3.6 billion, 9% (NBA)

8. Los Angeles Lakers, $3.3 billion, 10% (NBA)

8. New York Giants, $3.3 billion, 6% (NFL)

10. Golden State Warriors, $3.1 billion, 19% (NBA)

10. Washington Redskins, $3.1 billion, 5% (NFL)

12. Bayern Munich, $3.063 billion, 13% (Soccer)

13. San Francisco 49ers, $3.05 billion, 2% (NFL)

14. Los Angeles Dodgers, $3 billion, 9% (MLB)

14. Los Angeles Rams, $3 billion, 3% (NFL)

16. Chicago Cubs, $2.9 billion, 8% (MLB)

17. San Francisco Giants, $2.85 billion, 8% (MLB)

17. Chicago Bears, $2.85 billion, 6% (NFL)

19. Boston Red Sox, $2.8 billion, 4% (MLB)

19. Houston Texans, $2.8 billion, 8% (NFL)

21. New York Jets, $2.75 billion, 0% (NFL)

22. Philadelphia Eagles, $2.65 billion, 6% (NFL)

23. Chicago Bulls, $2.6 billion, 4% (NBA)

23. Denver Broncos, $2.6 billion, 8% (NFL)

25. Miami Dolphins, $2.575 billion, 8% (NFL)

26. Green Bay Packers, $2.55 billion, 9% (NFL)

27. Boston Celtics, $2.5 billion, 14% (NBA)

27. Baltimore Ravens, $2.5 billion, 9% (NFL)

29. Atlanta Falcons, $2.475 billion, 16% (NFL)

30. Manchester City, $2.474 billion, 19% (Soccer)

31. Pittsburgh Steelers, $2.45 billion, 9% (NFL)

32. Seattle Seahawks, $2.425 billion, 9% (NFL)

33. Minnesota Vikings, $2.4 billion, 9% (NFL)

34. Oakland Raiders, $2.38 billion, 13% (NFL)

35. Indianapolis Colts, $2.375 billion, 9% (NFL)

36. Brooklyn Nets, $2.3 billion, 28% (NBA)

36. Carolina Panthers, $2.3 billion, 11% (NFL)

38. Los Angeles Chargers, $2.275 billion, 9% (NFL)

39. Arsenal, $2.238 billion, 16% (Soccer)

40. Houston Rockets, $2.2 billion, 33% (NBA)

41. Los Angeles Clippers, $2.15 billion, 7% (NBA)

41. Arizona Cardinals, $2.15 billion, 6% (NFL)

43. New York Mets, $2.1 billion, 5% (MLB)

43. Kansas City Chiefs, $2.1 billion, 12% (NFL)

45. Jacksonville Jaguars, $2.075 billion, 6% (NFL)

46. Chelsea, $2.062 billion, 12% (Soccer)

47. Tennessee Titans, $2.05 billion, 2% (NFL)

48. New Orleans Saints, $2 billion, 14% (NFL)

49. Tampa Bay Buccaneers, $1.975 billion, 10% (NFL)

50. Cleveland Browns, $1.95 billion, 5% (NFL)

Answer 1