Now that the Dodgers have filed for bankruptcy and the McCourt’s will likely be stopped from bilking any more money. From the fans prospective, is there an acceptable amount of money an owner is allowed to receive (take) from a team each year?
I think most sports team owners take some money off the top. I would not be overly upset if that amount is <3% of the original purchase price. This would mean the owned is treating the team like a franchise that yields a small return on investment. I used 3% because that is approximately what 10 year US Treasuries / AAA bonds are yielding. The Royals sold for $97 million in 2000, so the return on investment for Mr. Glass should be less than $3.36 million per year (in my opinion).
Jamie McCourt received up to $2 million per year to be the Dodger CEO. I surmise that Mr. Glass is receiving a paycheck to be the Royals CEO and Dan Glass is receiving a paycheck to be the Royals President. I just desire all the Glass family paychecks add up to less than $3.36 million per year.
What do you think Mr. Glass return on investment should be per year?