August 2011
Intermediate to advanced
500 pages
17h 16m
English
Content preview from Sports Finance and Management
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The Structures ofOwnership ◾ 55
Partnerships and the Single-Entity Ownership Model
A partnership is a business owned by two or more people. e most obvious drawback
to having a team owned by two or more people is that there might be disagreements
among the owners. e benet, however, compared to a sole proprietorship is that there
is less nancial risk for each owner. If a team must raise cash, each partner can con-
tribute and the inclusion of partners also means people with dierent ideas regarding
revenue generation could be incorporated into the management of the franchise.
One unique type of partnership that is sometimes seen in sports is a single entity
league. A syndicate or group of individuals owns all of the teams that comprise
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.