January 15, 20251 yr 23 hours ago, 46DidIt said: In February, Jerry told Crain's that Michael “will have an obligation to do what’s best” for the other White Sox investors after he passes away. “That likely means putting the team up for sale,” Reinsdorf said. “The team will be worth more out of town.” uh what? Was this discussed here? I must have missed it. Seems like he is straight up saying they will be moved to me. Thought move talk was more speculative than that Didn’t he say this when they were making some noise about Nashville
January 15, 20251 yr 6 minutes ago, JUSTgottaBELIEVE said: That’s one way of saying you were wrong about your “extreme premiums” statement.. The Mets deal originally was for $2.6 billion, but was nixed when the Wilpon group tried to pull a last minute powerplay to keep the team control for a period of years. Then after waiting them out post Madoff and desperate for cash, they settled for $200 million less to get their finances cleaned up. The Dodgers, of course, were the most famous of all of them. Are you going to show me a team that sold for 25% less than their value? No cool. Again, I should just save us both the time here for you to now change the topic to something else again.
January 15, 20251 yr 5 minutes ago, southsider2k5 said: The Mets deal originally was for $2.6 billion, but was nixed when the Wilpon group tried to pull a last minute powerplay to keep the team control for a period of years. Then after waiting them out post Madoff and desperate for cash, they settled for $200 million less to get their finances cleaned up. The Dodgers, of course, were the most famous of all of them. Are you going to show me a team that sold for 25% less than their value? No cool. Again, I should just save us both the time here for you to now change the topic to something else again. It’s ok to admit you were wrong…
January 15, 20251 yr 4 minutes ago, JUSTgottaBELIEVE said: It’s ok to admit you were wrong… Giving two examples is "wrong" what is totally avoiding the question?
January 15, 20251 yr 6 minutes ago, southsider2k5 said: The Mets deal originally was for $2.6 billion, but was nixed when the Wilpon group tried to pull a last minute powerplay to keep the team control for a period of years. Then after waiting them out post Madoff and desperate for cash, they settled for $200 million less to get their finances cleaned up. The Dodgers, of course, were the most famous of all of them. Are you going to show me a team that sold for 25% less than their value? No cool. Again, I should just save us both the time here for you to now change the topic to something else again. Maybe we can have a contest to name the Twins' final price?...good case study, not a premium franchise by any stretch, but still potentially undervalued. High/premium price would be anything over $1.65-1.80 billion.
January 15, 20251 yr If the Sox were for sale tomorrow, they'd go for $2 billion easy. Chicago area, marketable brand. The Clippers had nothing and were the second team in their own arena and sold for 2 billion 10 years ago. It's New York, but the Mets sold for $2.4 billion and they share the city with the Yankees. Nets, again, a second team in their city, sold for $2.35 billion — to a person who already owned 49% of the team. A successful White Sox team prints money. JR just doesn't like ~risk~
January 15, 20251 yr 4 minutes ago, Quin said: If the Sox were for sale tomorrow, they'd go for $2 billion easy. Chicago area, marketable brand. The Clippers had nothing and were the second team in their own arena and sold for 2 billion 10 years ago. It's New York, but the Mets sold for $2.4 billion and they share the city with the Yankees. Nets, again, a second team in their city, sold for $2.35 billion — to a person who already owned 49% of the team. A successful White Sox team prints money. JR just doesn't like ~risk~ Another great template out there is Anaheim's team. It is the OBVIOUS 2nd team in a market much closer to Chicago in size, and with the work that their ownership team did to get that franchise on track, it is listed at $2.7 billion. This franchise as is now, has a ton of sleeping value. They have no debt. They have no payroll. If you can figure out how to get a stadium built on a lower cost side, and keep the debt low, this is a sleeping giant. A 25% haircut on this team is an absolute absurdity.
January 15, 20251 yr 1 hour ago, Quin said: If the Sox were for sale tomorrow, they'd go for $2 billion easy. Chicago area, marketable brand. The Clippers had nothing and were the second team in their own arena and sold for 2 billion 10 years ago. It's New York, but the Mets sold for $2.4 billion and they share the city with the Yankees. Nets, again, a second team in their city, sold for $2.35 billion — to a person who already owned 49% of the team. A successful White Sox team prints money. JR just doesn't like ~risk~ That’s fair. Today they would sell for $2B, which is exactly in line with the 2024 Forbes valuation, not at an extreme premium. Edited January 15, 20251 yr by JUSTgottaBELIEVE
January 15, 20251 yr 1 hour ago, southsider2k5 said: Giving two examples is "wrong" what is totally avoiding the question? There is no question. Sox would NOT sell at an extreme premium to the current Forbes valuation like you stated. Simple as that.
January 15, 20251 yr 20 minutes ago, JUSTgottaBELIEVE said: There is no question. Sox would NOT sell at an extreme premium to the current Forbes valuation like you stated. Simple as that. Where is the franchise selling for a 25% discount just like you said earlier? I gave examples, you did not, and then ignored it repeatedly.
January 15, 20251 yr On 1/14/2025 at 6:45 AM, JUSTgottaBELIEVE said: Could have taken the proceeds from a sale in 2006 and invested in the S&P 500 and seen a similar ROI all while holding a far more liquid asset. And, honestly, with the way things are trending it wouldn’t surprise me if the franchise is worth less than $1.5B by the time they actually sell. Between driving the team into the ground and the RSN overhang now surrounding many teams including the Sox things are pointing down. ^
January 15, 20251 yr 48 minutes ago, southsider2k5 said: Where is the franchise selling for a 25% discount just like you said earlier? I gave examples, you did not, and then ignored it repeatedly. Reading is a skill. I reposted my original post so you can read it again. Never definitively stated the Sox will sell for a 25% discount today. I said I wouldn’t be surprised if the valuation/sale price of the franchise drops by 25% from the current level by the time Jerry actually sells with the way he is running the organization into the ground…
January 15, 20251 yr 1 hour ago, JUSTgottaBELIEVE said: Reading is a skill. I reposted my original post so you can read it again. Never definitively stated the Sox will sell for a 25% discount today. I said I wouldn’t be surprised if the valuation/sale price of the franchise drops by 25% from the current level by the time Jerry actually sells with the way he is running the organization into the ground… Still waiting for any historical evidence.
January 16, 20251 yr 9 hours ago, Kyyle23 said: Didn’t he say this when they were making some noise about Nashville Yeah I remember talk about it but I never saw that particular quote, which sounds a lot more definitive than what I thought. There’s not much to infer with “will be more profitable”
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