Why are sports franchises the way forward….
Sport England is finding new ways to invest time, expertise and money into getting people active. They have come up with a new strategy for volunteering and produced The Coaching Plan for England.
Sport England is developing a new strategy for 2017-2021, and has come up with a new survey called Active Lives and they say “this is a brilliant opportunity to review how we measure activity and sport”.
With all this in mind sports related franchises are coming to the fore as parents realise the government are getting involved in getting kids not just active and fit but one step further.
There are opportunities here for children to find their favourite sport and come not just proficient at it but possibly professional at it. By owning a sports franchise a parent or future parent could already by helping the next generation of sports stars on their way.
The other end of the scale is considering professional sports teams and the greatest franchises in sports. These sports ones values should of course have huge notoriety and a huge profit but the pros and top sports opportunities will also have a huge price tag.
The top sport and professional sports teams would include of course the NFL and NBA teams. The NFL teams could cost over a billion dollars and the NBA has a pretty high price tag too starting around 600 million dollars. These prices are due in part to their huge popularity and partly to the giant TV deals they can they can garner.
Best Sports Franchises
The best sport and the greatest ones in sports are not necessarily all about buying sports teams; we can consider sports related versions on a smaller scale, such as teaching and coaching kids locally. The best ones in sports and owning a sports franchise all comes down to what the individual themselves is interested in.
What motivates that person to look at owning a sports type? Is it the fact that they are sporty themselves or more the fact that they have management experience and feel they could run their own business rather than be beholden to an employer in the same or similar industry?
When considering values, we need to look at the particular sports related opportunities themselves and what the minimum investment level is. How much is the cost of leasing the building or store front and what are the monthly royalty fees due to the brand owner?
The pros and top sports niches could revolve around the gym and personal training or kickboxing, or top sport types could be a sports outlet or wholesale B2B business. Pick the best sport ones for you and add them to your shortlist.
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