1In some parts of the world, owning a professional sports team has become as de rigueur among billionaires as owning a super-yacht -- less an investment than a flamboyant statement of wealth. But having one of the world's rich-listers as a team's backer is no guarantee of success and some of the world's most successful sports teams, like last year's European football champions Barcelona Football Club, are owned by their club members. New Zealand sport has, with the exception of the Phoenix football team and the Warriors rugby league team, remained largely community owned, but with many of our professional teams being under-capitalised there is no guarantee things will stay that way. Ideas talks about the ownership of professional sports teams with Steve Tew, the Chief Executive of the New Zealand Rugby Union; economist and Barcelona Football Club supporter Edward Hugh; and Sydney-based sports writer Spiro Zavos.