Not even close to true. Players buy their own equipment, hire private coaches, and invest their livelihood and earning potential while in HS, college, and the minors. They are investing in their careers, and giving up lots of income in the process. Not even close to true the teams are taking "all the risk".
Not even close to true. You are cool with the billionaires not taking any actual risk though, since it is literally impossible to lose money (since you can sell the asset) in owning a team? What risk, exactly, are they taking, because not one team in decades has decreased in value. I'm curious, really, what risk are they taking?
And, since most players don't make it, they are taking way more risk, giving up their earning years (or college years).....
I said financial risk, not occupational risk.Players are not required to purchase their own equipment, or hire their own coaches; in fact, if they're part of a major league organization they are probably discouraged from doing so.My post specifically referred to investment in the assets of a major league franchise, to which players do not financially contribute.At all.
Yes, they do invest their time, but that does not mean they are investing in the organization.For example, let's say you work as a window installer, and you install 10 new windows in someone's house.Because of the new windows, they are able to sell the house for an extra $10,000.Do you, as the installer, receive a portion of that extra revenue?After all, your time invested, doing a job, is what created that value, right?The answer of course is no, unless you specifically had an agreement with the owner that in addition to, or in lieu of, your pay, you would receive a cut of revenue.
As for players supposedly taking more risk since they spend all their time working to be ballplayers, and many don't make it, again, that is not a financial risk, it is a decision risk.It's no different than someone accepting a contract job hoping to be offered a full-time role but not getting one.When accepting this type of role, individuals need to weigh the opportunity cost, and decide accordingly, but simply giving your time to an organization does not make you a financial stakeholder in it.If it did, any number of fans who have spent thousands upon thousands of hours following and contributing to a teams' success should receive part of the profits.