southsider2k5

This thread got the name wrong, it is actually CALLO.

Didn't you just say he did exactly this with the UC by financing 98% of it?

Like I said, there is literally zero downside to his taking on debt to finance the stadium in the ownership group. He won't be around to pay it, and once the team gets sold, neither will his kid. Obviously he tries to get the best deal possible still, and pay as little as they can, but he is literally not going to live long enough to care.

He's never operated this way because he has never built a new stadium at 90 years old before. The man is not stupid.

Like I said, he can come up with whatever plan he wants. The man is 87. The 2030 season is six years away. If he puts together a plan that starts with the building of a stadium in 2027, he would to be 90 when the first payment is made. If the repayments start with the opening of the stadium he will be 93, if he is still around for that. So if the man puts together a plan for the ownership group to repay $500 million, or even a cool billion dollars, how many of those checks do you think Jerry would actually sign? The other side of the coin is once he does die, his estate get a minimum of 20% of the selling price franchise, probably more if the rumors of his buying up old ownership shares along the way are true. As of the last Forbes report the Sox are worth $2.05 billion. With as few teams as have gone up for sale recent, and how far over that Forbes price they go for, this could well add hundreds of millions to the final asking price. If it adds $500 million, that is at least an extra hundred million to Michael and the family, without having to pay for it. If they push this to a $3 billion valuation, that is $600 million in cold hard cash, all while not paying for a thing to do with the new stadium, or very, very little of it. The guy is literally pushing hundreds of millions of dollars to his family playing with other people's money to pay for it.

And if he puts some leverage into it, so what? It's going to be a long term deal that he may never actually pay a dime off of, yet will fully profit from when the team gets sold after his death. He's still playing with OPM with his age as a factor.

The difference is Jerry is the only guy in Chicago to build an entirely new major sports stadium since 1929. He's actually gotten what he wants in the past, and it currently sitting at the table to do it a third time. Pretty sure you have never bought an LSD penthouse.

He's already negotiating this with many of the same people who would be involved on 35th, so kind of hard to create leverage when you know both sides.

This is a good point. Don't forget before Jerry came along and got a stadium built and paid for, no one in baseball had built a new stadium since the early 70's. He might have screwed the pooch on the design by being first and not seeing what the future looked like, but he sure as hell got the best possible deal. If the reporting of his interest in this project is accurate, it means he is going to make a metricfuckton of money on it, otherwise he'd still be sniffing around other places, or wouldn't be looking at it. If it was a better deal to stay on 35th, he wouldn't be negotiating.

If JR gets a decent taste of this project, and not just the stadium itself, he comes out WAAAAAAAY ahead, which is why he is interested.

And let's Tony manage an entire stadium complex project, instead of just a team...

He could be all in on maximizing franchise value, and a new stadium is a pretty quick way to do exactly that. I don't expect him to get the 1989 deal out of this, but I don't think he will be Jerry Jones paying cash for an opulent stadium either. It will be somewhere in the middle.

I THINK they had to call the DeRozen shoulder to the Allen chest which was taken before the shot, otherwise it really doesn't make sense. But yes, the officiating was AWFUL, and this comes from someone who watches more high school ball than anything else.

They are going to end up with a rotation of 15 guys who give you 10 starts each.

Congrats, you have once again proven what everyone else already knew.

The Sox are probably looking a 4 to 5 million per year for naming rights in a new park. Pretty sure none of those guys have those kinds of pockets.

These are the kinds of guys who destroy each other over breakfast. I would bet money there are some grudges in that room the day that this team gets a vote in front of the ownership group, especially if Jerry is involved.

Not really. Mike's Chicken, Finkel's deli, Hole in the Wall, and the Billy Goat were probably my favs.

I definitely get it. I wish I had bought down there too when you could find a condo for like 200/250k

Too bad you didn't buy a place down there. You probably would have 5 X'd it by now.

Especially if she goes pro this year and ends up in Indy, she will replace all of that money, and probably more.

Oh man, haven't thought about there in years! Great pizza by the slice. South Loop had kind of moved younger in recent years with some of the newer buildings being bought by people who didn't want to commute. I started working in the financial district in 1998, and it used to just empty there after 5pm. Now there is actually people and life going on, especially south of Congress.

He knows he won't be paying these bills anyway, not a bad call. Decent chance he never even sees the first game there.