djskillz
Posts: 56863
Joined: 7/17/2007
From: Nashville, TN
Status: offline
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quote:
ORIGINAL: CPAMAN quote:
ORIGINAL: MDK quote:
ORIGINAL: SoMnFan    More money being spent!!!!!! OMG!!!!!!!! Like I've said a million times .... get the hell IN or get the hell OUT Owning a baseball team is an expensive hobby, not always a wise family investment plan. It is a fantastic family investment and you can still spend more money than you take in and benefit from taxes etc. Carl bought the Twins in 1984 for 44 million with his partners. The current value of the Twins is 895 million in 2015. In 30 years, their investment has increased by 20 times. Sure wish my house which I purchased in 1992 increased 10 times today. Sure wish my retirement portfolio showed that type of increase. And guess what......baseball franchise increases aren't slowing down. And you have to spend money to make money. Terry Ryan believes you make money by saving money. Practically speaking, I don't believe for one second the projected "values" of ML baseball franchises or franchises in any major sport for that matter. You don't see any buyers lining up to spend $1 billion or more to buy them. That is simply a fictitious toy that the owners and baseball speak likes to toss around. Until such time that somebody actually opens up their wallet to pay that kind of money to buy a professional sports franchise, I remain disenchanted. Umm, it's basic math, again. Some of these TV deals net the teams $150M/season in profits just strictly off of TV. And some of those contracts are locked in for 20 years (ie $3 billion). That's just TV. And yet you don't believe that teams are worth $1B plus? Honestly Mark, it shocks me that you think that when you're in the accounting industry. Are all teams worth $1B plus? No, and no one has claimed that. But the Dodgers sold for $2B 4 years ago (they're worth more now), the Clippers just sold for $2B, the Tennessee Titans, in a relatively small pro sports market, are reportedly worth over $1B and there are rumblings are for sale. Hell, Kroenke is basically PAYING $2.2 billion just to MOVE the Rams. Just moving. A $550M relocation fee to the league and a $1.7B privately financed stadium. Each NFL team is getting an annual check from the league for $220M. Basically they're pretty much guaranteed at least $2.2B over a 10 year period. Just off of their shared profits, not anything on their own. Pro sports leagues are making money like crazy, which in turn, is why the players are making money like crazy. We are all contributing to it; every time you watch a game on TV or listen on radio you are contributing to it. Just the same as when you take in a movie or a concert. Again, I don't see anyone complaining about what Taylor Swift is making. Or Harrison Ford. Mark, if you own ESPN, MLB, or Fox Sports, which I'm sure you do, then you're contributing.
< Message edited by djskillz -- 1/15/2016 9:19:38 AM >
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"People ask me what I do in winter when there's no baseball. I'll tell you what I do. I stare out the window and wait for spring."
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