Hacker News Reader

> He is so 'frugal' that he is buying the Memphis Grizzlies.

I know nothing about sports but I think it's safe to say that's called an investment...

some sport teams are treated more as a toy than an investment by their owners, like Chelsea or Man. City.

And some sports are treated as an investment, see Washington Redskins. Some are both, see Dallas Mavericks.