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I can't see that at all. Consider your figures above: a salary cap of $800,000 and total budget of $3 million for a club.I suppose what I'm trying to get at is that I'm hoping for a club-based league rather than owner operated franchises. Any possibility of this being the case?
It takes at least 5 years for a new league to reach the break-even point, so each team in the league would need to have up to $15 million behind it to be sustainable for those 5 years. The only way to get that is to sell franchises to investors with a net worth of at least $15 million, having identified solid target markets for teams to be based in that would set up appealing rivalries that would interest sponsors and broadcasters. There are many people around with serious money who want to be sports entrepreneurs, but you need a solid plan to get them interested.
It could be done for less money with a lower salary cap and expense base, but even that would need to be franchise-based. Jacksonville's budget last year was $50,000 for an 8-game season where they had to fly to all away games. That team is effectively a franchise owned by Spinner Howland and his partner; without their willingness to underwrite expenses
if there's a shortfall in revenue the club couldn't operate.
Let's say the Axemen played a 20-game season in a semi-pro league with Jim Beam Cup payroll levels. Depending on how professional their management, marketing and coaching was set up their budget would run up to $500,000 for the year. That would take $3 million in capital backing the club. For that you'd need an investor(s) with at least $3 million in net worth.