Management in Sports Post 17 Owners
Owning a professional sports team is a very profitable business as some of these teams are worth over one billion dollars. Being the owner of a team is just like being a CEO of a Fortune 500 company. Once a person takes over a sports team they must start hiring employees to run this company as smooth as possible. They need (to name a few) accountants to take care of all the finances, lawyers to make sure everything they're doing is legal, and marketing people to get the franchise name out there. There are a huge number of employees that work for a sports team, from coaches to cleaning crew to general managers. The upper level employees must hire people below them and so on. There is a story that Al Davis, the majority owner of the Oakland Raiders, knows every single one of his employees names. That is hundreds of people.
A sports team is just like a major company with board members, presidents and owners. They all have to work as one to have the company run smoothly.
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