In Justice B. Hill’s May 17 commentary (”Is this a case of the ‘haves’ taking from the ‘have nots’?”), about Browns owners Dee and Jimmy Haslam and possible public funding of either a renovation of the existing Browns stadium or a new stadium in Brook Park, he makes a comment about how NFL franchises grow in value. He writes that “Forbes.com put the value of the Browns at $1.5 billion,” up from “the $1.05 billion the Haslams paid for the franchise in 2012.” He calls this a “tidy” return on their investment. If those numbers are correct, that’s approximately a 3% return per year. I would hardly call that “tidy.” The word “poor” might more closely describe it. Mark Defer,Aurora

Source: Forbes May 20, 2024 10:03 UTC