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[quote name='Destined' timestamp='1332908290' post='184737']
$2 fucking billion.
No words.
[/quote]
Frank McCourt has been portrayed as a complete idiot and yet has managed to sell the dodgers for close to a 2 billion dollar profit.
[url="http://mlb.mlb.com/news/article.jsp?ymd=20120327&content_id=27685944&vkey=news_mlb&c_id=mlb"]http://mlb.mlb.com/news/article.jsp?ymd=20120327&content_id=27685944&vkey=news_mlb&c_id=mlb[/url]
I like you guys a lot.
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[quote name='leonardsipes' timestamp='1332914029' post='184739']
[quote name='Destined' timestamp='1332908290' post='184737']
$2 fucking billion.
No words.
[/quote]
Frank McCourt has been portrayed as a complete idiot and yet has managed to sell the dodgers for close to a 2 billion dollar profit.
[url="http://mlb.mlb.com/news/article.jsp?ymd=20120327&content_id=27685944&vkey=news_mlb&c_id=mlb"]http://mlb.mlb.com/n...ws_mlb&c_id=mlb[/url]
[/quote]
And the Cubs were sold for around $900 mil right? Just wow.
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[quote name='AlexV' timestamp='1332942328' post='184749']
[quote name='leonardsipes' timestamp='1332914029' post='184739']
[quote name='Destined' timestamp='1332908290' post='184737']
$2 fucking billion.
No words.
[/quote]
Frank McCourt has been portrayed as a complete idiot and yet has managed to sell the dodgers for close to a 2 billion dollar profit.
[url="http://mlb.mlb.com/news/article.jsp?ymd=20120327&content_id=27685944&vkey=news_mlb&c_id=mlb"]http://mlb.mlb.com/n...ws_mlb&c_id=mlb[/url]
[/quote]
And the Cubs were sold for around $900 mil right? Just wow.
[/quote]
$845 mil
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The team was valued closer to $900mil ($845mil purchase price + Trib's $50mil+) after adding back in the Trib's roughly 5% minority interest, which hopefully at some point they unload on someone else.
And I have some experience dealing with the managing entity in the Dodgers deal, Guggenheim Partners. They are a bunch of clueless hacks who love to chase trophy properties with no regard for value. Good luck, Angelenos.
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Forbes had the Dodgers (with team, stadium and property) at around $1.4 billion value. So $2.0 billion is considerably above the value.
I got nothin'.
Andy
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[quote name='Andy' timestamp='1332943991' post='184756']
Forbes had the Dodgers (with team, stadium and property) at around $1.4 billion value. So $2.0 billion is considerably above the value.
[/quote]
Especially when you consider that the deal doesn't include the ballpark or the surrounding real estate. Just ridiculous. Of course, McCourt would agree to this deal without blinking.
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[quote name='rok' timestamp='1332944577' post='184757']
[quote name='Andy' timestamp='1332943991' post='184756']
Forbes had the Dodgers (with team, stadium and property) at around $1.4 billion value. So $2.0 billion is considerably above the value.
[/quote]
Especially when you consider that the deal doesn't include the ballpark or the surrounding real estate. Just ridiculous. Of course, McCourt would agree to this deal without blinking.
[/quote]
Well, yes. So would I. But who the hell were they bidding against?
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[quote name='jstraw' timestamp='1332945132' post='184758']
[quote name='rok' timestamp='1332944577' post='184757']
[quote name='Andy' timestamp='1332943991' post='184756']
Forbes had the Dodgers (with team, stadium and property) at around $1.4 billion value. So $2.0 billion is considerably above the value.
[/quote]
Especially when you consider that the deal doesn't include the ballpark or the surrounding real estate. Just ridiculous. Of course, McCourt would agree to this deal without blinking.
[/quote]
Well, yes. So would I. But who the hell were they bidding against?
[/quote]
Common sense.
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[quote name='rok' timestamp='1332945576' post='184759']
[quote name='jstraw' timestamp='1332945132' post='184758']
[quote name='rok' timestamp='1332944577' post='184757']
[quote name='Andy' timestamp='1332943991' post='184756']
Forbes had the Dodgers (with team, stadium and property) at around $1.4 billion value. So $2.0 billion is considerably above the value.
[/quote]
Especially when you consider that the deal doesn't include the ballpark or the surrounding real estate. Just ridiculous. Of course, McCourt would agree to this deal without blinking.
[/quote]
Well, yes. So would I. But who the hell were they bidding against?
[/quote]
Common sense.
[/quote]
<img src='http://www.sonsofivy.com/forum/public/style_emoticons/<#EMO_DIR#>/laugh.png' class='bbc_emoticon' alt='  ' />
I hate my pretentious sounding username too.
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[quote name='rok' timestamp='1332945576' post='184759']
[quote name='jstraw' timestamp='1332945132' post='184758']
[quote name='rok' timestamp='1332944577' post='184757']
[quote name='Andy' timestamp='1332943991' post='184756']
Forbes had the Dodgers (with team, stadium and property) at around $1.4 billion value. So $2.0 billion is considerably above the value.
[/quote]
Especially when you consider that the deal doesn't include the ballpark or the surrounding real estate. Just ridiculous. Of course, McCourt would agree to this deal without blinking.
[/quote]
Well, yes. So would I. But who the hell were they bidding against?
[/quote]
Common sense.
[/quote]
This is why you're my hiso (hero for boys!).
One dick can poke an eye out. A hundred dicks can move mountains.
--Veryzer
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Quote:As part of the agreement, the Dodgers said McCourt and “certain affiliates of the purchasers” would acquire the land surrounding Dodger Stadium, including its parking lots, for $150 million.
I got nothin'.
Andy
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This deal has "Hendry" written all over it.
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And In the McCourt is still associated with ownership as he will be partner in the ownership of the parking lots.
Broadcasting rights are driving the increase in value but considering McCourts record with partners how the hell could anyone see ths as a good deal?
http://espn.go.com/los-angeles/mlb/story...s-no-sense
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How much did McCourt originally pay for the franchise? Apparently Magic Johnson is part of the ownership group...
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