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The average ownership tenure is 40 years and only 4 teams have changed hands due to the fact 2012, with the Washington Commanders ($six.05 billion sale price tag) and Denver Broncos ($4.65 billion) the most recent transactions. The night I met Leonsis, Manchester United of the English Premier League, 1 of the most beloved franchises in international sport, was being advertised for sale through a New York merchant bank. A Qatari sheikh was said to have presented at 1 point a ten-figure sum to the selling household, the Glazers, who also personal the Tampa Bay Buccaneers. Lately, "high-net-worth individuals," to use the phrase of the bankers and lawyers who buzz about them, have been collecting teams like Monopoly cards, with private equity finding involved in the action—also celebrities, corporations, whole nations. For the previous couple of years, Chelsea and AC Milan, two jewels of European football, have belonged, at least in component, to American private-equity firms. McLaren, the famed British F1 team, is controlled by the royal family—of Bahrain. Columbus has been household to pro lacrosse events & teams, HS state championships and NCAA Quarterfinals. Or you can ask your mates and family what they feel a sports team ought to be named soon after.

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