Plenty has been written about the millionaire professional athletes who were forced to take pay cuts in the wake of shortened seasons triggered by the pandemic. If you thought it was hard to drum up sympathy for them, wait until you hear about the plight of the billionaires who sign their checks.
A handful of team owners across several sports lost nine, and in a few cases even ten-figure sums to the havoc that 2020 wreaked on international athletics. Don’t worry, though. Unlike the millions of Americans who had to tighten their budgets, cancel their Netflix subscriptions and stop going to Starbucks to make rent, the team owners who came up short aren’t exactly pawning their possessions just yet. Every single one of them managed to absorb the hit and retain their membership cards in the three-comma club.
Only 3 of the 4 major North American sports are represented on this list. Oddly enough, the only sport where no owners lost money was baseball, which is peculiar considering how clumsy and inefficient the MLB’s pandemic management was compared to the relative success of the NHL and NBA.
GOBankingRates has ranked the owners based on the smallest percentage net worth lost to the largest — from March 18 to Nov. 4. Read on to learn which rich owners have become a little less rich.
Last updated: Nov. 18, 2020
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