Originally Posted by Tombstone RJ
Dude, that is Richardson's NET income. That means after all his bills are paid, after he's paid all his employees and all operating costs, he's walking home with $26 million dollars in his pocket.
This is not gross income, it's net income. Anyone coming out with $26m in their pockets after everything is paid for is doing just fine. I'm guessing that $26m is his net income after taxes too.
He realizes that its net income. His entire point is that 26 million dollars of net income really isn't all that high in comparison to the amount of capital tied up in the team. There's hardly any point in even owning the team if he he only making 26 million dollars on a team worth a billion dollars. There are other places he can invest his money and get larger returns.