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Why Owning an NBA Team is Like Having a House on the Best Beach in the World

Last year the Milwaukee Bucks were purchased by two hedge-fund billionaires for $550 million. In a piece for Grantland, Bill Simmons tried to nail down what exactly drives the super rich to acquire NBA teams, a purchase that—at least by the numbers—is often a pretty lousy investment. Simmons concluded that for many owners, exclusivity and prestige outweigh straight number crunching: “You can’t […]

Posted inEditor's Pick

Can Bill Simmons Win the Big One?

Simmons is the most prominent sportswriter in America. He’s also a Boston fan. During his early years as a columnist in the late 1990s and early 2000s, he was sustained by the angst of backing losers, above all, the Red Sox. More recently, with Boston’s various sports franchises prospering, he has sought poetic inspiration in […]

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