True...his father bought the Browns for about $530m, and Randy sold the club for about $1b....doesn't take much business skill to sell an NFL team, but that's a tidy profit anyway you look at it.
What about alternative cost? An investor with any kind of nous would not invest $500M in sports and regard is the best investment available. I doubt his wealth managers at Goldman Sachs or Morgan Stanley states this kind of investment in their top 100 bracket. To say Lerner purchased AVFC to make money in the end (as the only goal) is plain naive and ignorant. He purchased us because he wanted to own a team and make us powerful, thus get more appreciation for his money spent, unlike when you invest in a company and see stock prices deliver capital gains on a computer screen or in the New York Times. Call it his toy or whatever, but he wanted to make us compete but realized he was throwing money at a lost cause when Man City, Liverpool and Tottenham started to do the same and make it impossible for us to compete without spending money few people on this planet could really envisage. That's life, it is not a human right for every team to play in the Champions League, we are not Liverpool or Arsenal, who could beg to differ on that argument. Clubs just don't change owners all the time, just look at Everton.
I agree with everything you just said, but have no idea how it relates to my earlier post that you've quoted...