Category Archives: Forbes Valuation

Won the Powerball? Invest in a baseball franchise

Greetings to you, the lucky finder of that golden ticket. You’ve won the largest lottery prize in the history of the planet, so naturally you’re very excited. But — not to be a buzzkill — things are about to get tricky. A study showed that 90 percent of lottery winners were broke 5 years later.

So once you’ve taken care of taxes and your favorite charities and whatever else, you’re going to need an investment strategy. Why not buy a baseball team? … Let’s run through the seven teams Forbes has valued under $850 million (56% of estimated winnings, enough to account for taxes), and see what your options are.

Read the rest on Beyond the Box Score