Sport: All ($5,500,000) for Fun

For as long as he can remember, Fred Knorr has been in love with baseball. But as a kid on the sandlots of Detroit, he broke his thumb and spent most of his time on the sidelines. Later, at Hillsdale (Mich.) College, he had to turn in his uniform and spend his spare time working for his tuition. Last week, at 42, Fred Knorr finally decided that he would never make the team. So he did the next best thing. He bought one—the Detroit Tigers.

An ex-sports announcer who has al ready earned enough money...