Sports fans love their teams more than anything else in the world. However, they can’t control who buys their famous franchise or club. Many of these billionaires made mistakes that their vast resources couldn’t hide. In the end, the fans suffer because they don’t enjoy the product they’re watching.
Sometimes the owner thinks they’re making the right decision but it goes badly wrong. Maybe they draft the wrong player or fire a good coach. Often, they have a messiah complex and override expert advice. Then the team plummets downhill because they didn’t know what they were doing.
Spanos owns the Chargers and infamously moved them from San Diego to L.A. This made him a massively unpopular figure because the former city loved their team. But the city government refused to sanction a new stadium and Spanos snatched them away. He then made many more high-profile mistakes that hurt the franchise.
He traded Drew Brees to the Saints and signed Philip Rivers instead. The latter had a decent career and was a loyal servant to the franchise, but he was not the same class of player. Furthermore, he fired Marty Schottenheimer after a 14-2 season. We’ve no idea what he was thinking there but it was a garbage decision (via NFL.com).