A savvy entrepreneur might make a bundle by bringing another minor league team to Richmond and running the entertainment business. Profit margins can approach 20%. And according to a great profile in the latest Portfolio Magazine, owning a minor league team is the hot thing for celebs. Might that apply locally??
the richmond braves
I’ve been thinking a lot about the business of minor league ball. A few questions: How much would a local business pay for the naming rights to a new stadium? What businesses might be likely candidates? Does paying for parking illicit some emotional reaction from consumers and turn them off, and would the Diamond get… Read more »
Josh Leventhal, a blogger for baseballamerica.com, has a nice response to the weekend’s T-D coverage of the ongoing baseball saga. He writes, “Discounting the importance of a ballpark and fan experience is what got Richmond into this mess. Triple-A baseball is not coming back to Richmond, certainly not anytime soon. If Richmond focuses its attention… Read more »