How much can Manager Skill Matter? (Aug 29 catch-up)
Forbes reports that the Washington Redskins are the most valuable franchise in the NFL.
Can anyone who has watched the team under Dan Snyder's ownership and control (effectively, management) explain how the relative value of the franchise appreciated by at least 6.5% per year from the time Snyder bought the team for $800 million in May of 1999 and the Forbes article in 2004?
Note: Forbes declares that Snyder paid $750MM, while the Redskins's website declares $800MM. Using the Forbes figure would produce a return of just under 8% p.a.
Can anyone who has watched the team under Dan Snyder's ownership and control (effectively, management) explain how the relative value of the franchise appreciated by at least 6.5% per year from the time Snyder bought the team for $800 million in May of 1999 and the Forbes article in 2004?
Note: Forbes declares that Snyder paid $750MM, while the Redskins's website declares $800MM. Using the Forbes figure would produce a return of just under 8% p.a.
posted by Ken Houghton at 19:12
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