It finally happened, and to be honest, I’m not surprised at all.  In this day and age of exorbitant player salaries, endorsement deals, etc., Tiger Woods has become the first athlete to achieve $1 billion in career earnings, according to Forbes magazine.  The $10 million he received for capturing the FedEx Cup title pushed him over the billion dollar mark for his career.  And he’s only 33-years-old.
Trailing Woods are NBA legend Michael Jordan, and retired Formula 1 driver Michael Schumacher.  Jordan still earns $45 million annually, and should pass the billion dollar mark in 4 or 5 years.  But no …read more

Image from Morguefile.
Want a great investment? Then don’t buy a sports team.
Sure, we’d ALL like to own one. We’d all like to keep our favorite players, trade the dead weight, and tell the coaches how to coach. But guess what? Apparently sports teams are NOT a good investment, at least according to Julian Robertson (who incidentally is a billionaire, so I guess he knows a good investment when he sees one.)
Robertson founded Tiger Management LLC and said sports teams get high bids but they are not worth. Monetarily at least.
According to one source:
“The …read more