Well, yes, they should operate the team at break-even. That's what I would do. Wouldn't you? You are already a billionaire, you can already live whatever lifestyle you want. You have other ventures making money. Beyond keeping a reserve of funds for the team (which yes should probably be enough to operate the team for at least a full year -- heck, 5 years), why not operate the team as a break-even venture? This would zero out your taxes and be a heck of a lot more fun. In the United States, wages are 100% tax deductible. Isn't sports about having fun? If running a team is a headache, sell the team! If counting beans is what drives you in life, stay in real estate.