And much like the overvalued Internet stocks of today, minor league franchises also don't stand up to intense financial scrutiny. But this is a fun business. That's what keeps people coming, apparently. Having millions in a healthy growth mutual fund doesn't have the same cachet at the country club as being the owner of the local team. Now they want to get into something that's fun.
People love it.
They love the attention and the ego-stroking. People like them and their teams. Getting in baseball is like getting an incurable disease. You don't come in to make a lot of money. Good thing, too.