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Dodgers Sell for $2 Billion (1 Viewer)
- Thread starter dparker713
- Start date
Tony Jabroni
Footballguy
Magic Johnson?
Doctor Detroit
Please remove your headgear
At least he's gone. 
I'm no Dodgers fan but I've always respected that organization and when they are good, it's good for baseball. Too bad that jackal made a profit but he's gone, that's what is important.
I'm no Dodgers fan but I've always respected that organization and when they are good, it's good for baseball. Too bad that jackal made a profit but he's gone, that's what is important.
dparker713
Footballguy
This is actually a reason for me to hate the Dodgers. This sale cements the Wilpons in an ownership position for the foreseeable future. About the only hope now is that someone commits justifiable homicide on Fred Wilpon and the family cant cover the estate taxes.
Bob Loblaw
Footballguy
Co-owner of Golden State Warriors, Peter Gruber, is also part of the group of buyers.
Eephus
Footballguy
Guber
Bob Loblaw
Footballguy
Right.
Premier
Footballguy
They are now.
pollardsvision
Footballguy
What's the word on the financial situation of these guys?
Obviously, they are doing well if they can afford to pay $2B for the team, but is it known whether or not that 2B will make it harder for them to invest properly into the team and stadium?
Clearly, MLB has never been very interested in the answer to that question.
Obviously, they are doing well if they can afford to pay $2B for the team, but is it known whether or not that 2B will make it harder for them to invest properly into the team and stadium?
Clearly, MLB has never been very interested in the answer to that question.
Ministry of Pain
Footballguy
Really fell out of love with Baseball in the early mid 90s, the strike pretty much killed it for me. I was slightly interested in the McGuire Sosa stuff but you knew something wasn't right.
I moved to Los Angeles in 2000 and went to Dodgers Stadium for the 1st time...wow what a difference it makes going to a stadium with a very deep and passionate fan base. I used to sit up in the top level behind home plate, tix were $6, bring in your own bags of peanuts, popcorn, water bottles. We started going to a lot of games, lot of good times.
When I left in 2007 the ten was going thru a lot of changes, most of them not good. I'm just shocked they sold for $2B and I really blame Bud Selig for not stepping in and allowing this franchise to be sold for way more than the value. He is happy because it drives up the price for all the teams, the other owners are happy, sad day for Baseball IMO.
Magic Johnson? Not everything that man has touched or down since he left the NBA has worked out and I'm sorry but Magic Johnson IMO is not all that business savvy but you can disagree all you like.
I moved to Los Angeles in 2000 and went to Dodgers Stadium for the 1st time...wow what a difference it makes going to a stadium with a very deep and passionate fan base. I used to sit up in the top level behind home plate, tix were $6, bring in your own bags of peanuts, popcorn, water bottles. We started going to a lot of games, lot of good times.
When I left in 2007 the ten was going thru a lot of changes, most of them not good. I'm just shocked they sold for $2B and I really blame Bud Selig for not stepping in and allowing this franchise to be sold for way more than the value. He is happy because it drives up the price for all the teams, the other owners are happy, sad day for Baseball IMO.
Magic Johnson? Not everything that man has touched or down since he left the NBA has worked out and I'm sorry but Magic Johnson IMO is not all that business savvy but you can disagree all you like.
Doctor Detroit
Please remove your headgear
If you are part of a group that just bought something for $2B, you are business savvy.'Ministry of Pain said:
dparker713
Footballguy
Heard they have over 100B in assets to work with. Money wont be a problem.
Limp Ditka
Footballguy
A good point was made by Bruce Levine, who is one of the Chicago Baseball beat guys for ESPN Chicago, about the $s involved in this.
During the off season, Angels and Rangers TV rights went for $3B over 20 years. The Dodgers TV deal is set to expire in the next year and odds are their deal surpasses those other two. So buying the team for $2B today, pretty much just netted them at least a $1B profit on the TV deal alone.
During the off season, Angels and Rangers TV rights went for $3B over 20 years. The Dodgers TV deal is set to expire in the next year and odds are their deal surpasses those other two. So buying the team for $2B today, pretty much just netted them at least a $1B profit on the TV deal alone.
Limp Ditka
Footballguy
MOP - you failed the math part of the conversation....... again
dparker713
Footballguy
You're completely ignoring the time value of money.
Limp Ditka
Footballguy
Fair enough. So what are they looking at in a worst case scenario, a $3.25B deal, paid over 20 years, would net something around $2.5B on the TV deal alone?Regardless, they are in line for a substantial profit based on that by itself.'dparker713 said:
Since there are no operating costs involved in running a professional sports franchise you are correct.
Limp Ditka
Footballguy
That's right. They are ####ed since this TV deal will be their only source of revenue.
dparker713
Footballguy
Just fairly simplistic to imply that the TV deal will provide them with a healthy profit. I mean, sure, if they put no money into the product it could, but if that was your main concern, I doubt that you'd pay that much for the asset.
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EZD222
Footballguy
At a minumum they're going to have to put in $1.5 to $2B alone (more like $3B plus) over the next 20 years and thats only in players salaries.
I love all the experts appraising the Dodgers. Where were these geniuses in 2004 when McCourt got the team for $430mill? So even with their estimates the team is now worth 1.2-1.5bill. So he got a 300% return in 8 years? Great foresight. The experts were wrong then and they are wrong now. 2bill is probably right when you are going to get at least $200mill a year in TV revenue alone.
I was shocked when McCourt got the team for that price. Dodgers one of the crown jewels of sports and Fox let him borrow money so he could buy the team from them. Insane.
Another thing never mentioned is that in 10 years the only thing we'll be watching live is sports. Meaning the advertising space is going to explode even moreso. Owning the Dodgers will be a goldmine with 162 games a year. People won't be tuning into NBC to watch the Office live. But they will be tuning into the Dodger network and the programming around the games will be very lucrative as well.
I was shocked when McCourt got the team for that price. Dodgers one of the crown jewels of sports and Fox let him borrow money so he could buy the team from them. Insane.
Another thing never mentioned is that in 10 years the only thing we'll be watching live is sports. Meaning the advertising space is going to explode even moreso. Owning the Dodgers will be a goldmine with 162 games a year. People won't be tuning into NBC to watch the Office live. But they will be tuning into the Dodger network and the programming around the games will be very lucrative as well.
