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I think there are two kinds of owners.  
There's the kind that are $billionaires and have FU kind of money. They'll spend deep into the LT to try and win. It doesn't always work, needless to say.
Then there's the kind that the team is their business, their sole source of income. It has to be profitable. The equity in the team's value isn't easy to tap so the owners might be $billionaires on paper, but they don't have the cash flow from the business to support going deep into the LT.
I've been a lifetime Cubs fan. For years the team was owned by the Wrigley chewing gum folks and they used the team as a write off for tax purposes and never really did much to try and win. We fans still loved the team. It wasn't about winning so much as we didn't win a World Series since the early 1900s. It was about getting to know the players. The games were televised (150+ of them) on the local WGN (World's Greatest Newspaper) station. They had a leadoff man show where we got to see and basically know all the players. That's what won us all over (us Cubs fans) for life.
				
			There's the kind that are $billionaires and have FU kind of money. They'll spend deep into the LT to try and win. It doesn't always work, needless to say.
Then there's the kind that the team is their business, their sole source of income. It has to be profitable. The equity in the team's value isn't easy to tap so the owners might be $billionaires on paper, but they don't have the cash flow from the business to support going deep into the LT.
I've been a lifetime Cubs fan. For years the team was owned by the Wrigley chewing gum folks and they used the team as a write off for tax purposes and never really did much to try and win. We fans still loved the team. It wasn't about winning so much as we didn't win a World Series since the early 1900s. It was about getting to know the players. The games were televised (150+ of them) on the local WGN (World's Greatest Newspaper) station. They had a leadoff man show where we got to see and basically know all the players. That's what won us all over (us Cubs fans) for life.
 
	 
 
		 
 
		 
 
		 
 
		 
 
		 
 
		 
 
		 
 
		 
 
		