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southsider2k5

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Posts posted by southsider2k5

    Understanding Jerry

    in Pale Hose Talk

    Posted

    13 minutes ago, Rusty said:

    NBC Sports reported that the Sox haven’t been profitable for 3 seasons, basically since COVID.  That being said, anyone in business knows it’s very easy to get a little creative with accounting to avoid certain tax situations.  There’s a reason that many billionaires are able to avoid paying a single dollar of federal income tax.  The real value of the team is the sales price compared to what it was purchased for.  
     

    Jerry also owns 50% of NBC Sports so a. The article could be heavily biased and b. He’s still getting his through the tv deals.  I’m sure there are other connected corporations that we are not aware of that are having Sox revenues funneled through them to show a loss.  About a year ago Jerry acquired a majority stake in Stadium, which I’m confident means 50%+, which is why he’s moving the Sox and Bulls to that provider.  It will give him leverage to get that network on other carriers which means more money for him, they are headquartered at the UC which means he gets to pay himself rent instead of Blackstone, and he can continue to write off the tv deal expenses to a different company that he owns, he’ll have true majority control so expect cost cutting on production and on air talent, and he can write off his losses in a couple years when NBC Chicago.  
     

    That’s how you use fuzzy accounting to direct money around to show that everything is operating at a loss.  I’m very confident that Schiffren was hired because he’s done basketball and football so once they move to Stadium, Jerry can use him on almost every broadcast to save money.  The dude is basically a poor man’s version of Jason.  I guarantee he’s way, way cheaper, and can be convinced to stay away from National commitments that Jason started to have so you can plan to put the guy on a ton of Bulls, Sox, and CFB games.  I wouldn’t put it past Jerry to put him on a hockey game if it saves him a few bucks. 

    Look, I know the Sox get some revenues that don't come through on the baseball side, but if you track the Forbes +/- by year, the Sox are somewhere around $100 million in losses in that time.  While I don't think it is that bad, I would be pretty surprised if they were hiding an extra hundred million dollars in that time period.

    fresh blood

    in Pale Hose Talk

    Posted

    2 minutes ago, WhiteSox2023 said:

    I assume tray lives close to the park and loves his own commute to games.  So he’s just being selfish about the location.

    He has to park cars there for the chip on his shoulder he  has about something so freaking simple.  It's a train, it's not rocket science.

    The moment this all started

    in Pale Hose Talk

    Posted

    34 minutes ago, caulfield12 said:

    Machado has maintained all along he wanted to play together with his fellow countryman Tatis and was never all that serious about joining the White Sox…and that he was perfectly happy to play 3B instead of SS.

    That's what you say publicly when you don't want to say, "Yeah, I wanted the extra $50 million dumbass, duh."

     

    • Thanks 1

    The moment this all started

    in Pale Hose Talk

    Posted

    14 hours ago, caulfield12 said:

    Unique playoff rules at that time...without the Yankees, they would have a completely different vibe historically.

    Sure, playing for 2nd place now gets you into the playoffs.  But here we are fetishizing failure from a different era, while decrying it in the modern era. 

    fresh blood

    in Pale Hose Talk

    Posted

    11 hours ago, Quin said:

    Tray would filibuster the debates about a new stadium for months on end, never leaving the podium.

    "I haven't seen a guy speak this long to prevent something from changing since Strom Thurmond over civil rights, what's he so passionate about?"

    "Parking places."

    The moment this all started

    in Pale Hose Talk

    Posted

    18 minutes ago, Lip Man 1 said:

    No, it doesn't but 17 straight winning seasons (the 4th longest streak in MLB history) is noteworthy. I can't think of a single Sox fan who wouldn't give up something to see that happen again.

    I thought we hated playing for 2nd place?  

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