Blackskins? Maybe Magic can get to work on that.
I don't consider NASCAR to be a sport . They're billboards with engines.Apparently the article's author doesn't consider NASCAR to be major sports or he would have mentioned the team ownership of MJ as well as Brad Daugherty.
How Much Does It Cost To Own A NASCAR Team?How Much Does It Cost To Run A Team In NASCAR
... The total outlay for owning a NASCAR team is upwards of $500,000 per week, which equates to more than $15-20 million in annual expenses over the 38-week season.
... A NASCAR racecar that will permit a team to compete at the very highest level with very few to no problems at all could cost a team anywhere between $125,000 and $150,000.
Although this is the estimated cost for one car, imagine having a variety of vehicles throughout the season. One crash, one failure, or one fire, and that car is rendered completely unusable in a competitive setting, necessitating the team’s efforts to prepare another car in time for the next race....
A NASCAR Cup Series vehicle capable of competing at the highest level with little to no issues is expected to cost a team between $200,000 and $400,000+. BK Racing, for example, paid more than $18.1 million to compete in the 2016 season, despite having two full-time cars and one car that appeared in only nine races....
#1 Hendrick Motorsports is worth around $315M, but that's with 4 cars and drivers.
The least valuable team is worth around $26M.
Pricey, but kind of apples and oranges to compare to other sports team ownership.