Expensive Purchases of Sports Clubs
The sports universe has seen the transaction worth huge amounts of money during any player transfer. Starting from Football to the Baseball, the players generate an enormous amount of media attention, along with a beneficial remuneration for the clubs. The teams, on the other hand, are not at all comparable to the players who get transferred in millions, as the teams come at a purchase price worth billions. Many billionaires throughout the world have now devoted their handsome career income to various sports clubs as they are also hugely profitable as the general MNCs are.
You May Also Like: Top 10 Highest Salaried Athletes 2015
The recent owner transfer of Buffalo Bills just couple of days ago before we finalized this list on 21th September, 2014, proved that the sports field is a birthplace of vast amounts of cash and a very big market for the big fishes. The transfers have also made the Bills secure their places in top five of the most expensive team purchases. Starting from the 1990’s, many big teams have their new owners who bought them while touching the billion dollar line. So here is the list of 10 Most Expensive Purchases of Sports Clubs.
10 Most Expensive Purchases of Sports Clubs
10. Houston Texans
Professional American football team from Texas, Houston Texans, participates in NFL as a member of the American Football Conference’s South Division. The team was established in 2002 as an expansion team after the city’s previous club, the Houston Oilers, relocated to Nashville and became the Tennessee Titans. The current home and headquarter of Texans is NRG Stadium. The current owner of the team is American businessman Bob McNair, who is the founder and former CEO of the cogeneration company Cogen Technologies. He established the Houston NFL Holdings in 1998 and the NFL announced the Texans had been awarded to McNair on October 6, 1999. He became the entire shareholder of the Houston Texans in 2010 after he purchased the team for $750 million according to Forbes.
9. St. Louis Rams
Professional American football team from Missouri, St. Louis Rams, participates in NFL as a member of the American Football Conference’s West Division. The team was established in Cleveland by attorney Homer Marshman as the Cleveland Rams in 1936 and officially became the St. Louis Rams in 1995. The current home of Rams is Edward Jones Dome, and the Headquarter is situated at Earth City, Missouri. The current owner of the team is American entrepreneur Stan Kroenke who is also the owner of Kroenke Sports Enterprises which owns NBA’s Denver Nuggets and NHL’s Colorado Avalanche. Stan purchased 40-percent shares of the Rams in 1995 after their relocation in Missouri and again bought the remaining shares after the death of previous owner Georgia Frontiere in 2010 which made a total deal of $750 million.
8. Jacksonville Jaguars
Professional American football team from Florida, Jacksonville Jaguars, participates in NFL as a member of the American Football Conference’s South Division. The team was established in Jacksonville in 1993 and started to participate in NHL as an AFC Central Division team from 1995 as an NFL expansion team and moved to south division in 2002. The current home of the Jaguars is EverBank Field. Currently, the owner of the team is Pakistani-American billionaire Shahid Khan who recently purchased the English football team Fulham F.C. on 2013. He purchased the 100% share of the Jacksonville Jaguars from the previous owner Wayne Weaver for a whopping $760 million on January 4, 2012. Shahid also became the first member of an ethnic minority to purchase a NFL team in history after he took over the Jaguars.