Ishbia taking control by 2029?

[southsider2k5]

33 minutes ago, champagne030 said:

Not a $175M.  Come on, I know you are smarter than that.

That would include things like debt service, infrastructure,  minor league expenses, front office people,  equipment,  etc.  It's not cheap to run an MLB franchise, and I am sure the Sox are on the low end.

[ptatc]

1 hour ago, southsider2k5 said:

Because it takes a lot more than payroll to run an MLB franchise. 

Not to mention they are doing a full renovation of their DR complex. That's an added cost that isn't typical.

Edited June 7 by ptatc

[southsider2k5]

10 minutes ago, southsider2k5 said:

That would include things like debt service, infrastructure,  minor league expenses, front office people,  equipment,  etc.  It's not cheap to run an MLB franchise, and I am sure the Sox are on the low end.

For example, compare the Sox to the Yankees.   The Yankees non-player expenses are over $400 million, with debt service. 

[Quin]

I know we talked about this when Ishbia first backed out of the Twins deal to buy more of the Sox, but if this is the Ishbias together, like the Suns, they would the 4th wealthiest owners in baseball after Guggenheim Partners, Steve Cohen and Rogers Communications.

[champagne030]

1 hour ago, southsider2k5 said:

For example, compare the Sox to the Yankees.   The Yankees non-player expenses are over $400 million, with debt service. 

The Braves paid $125M in SG&A last year.  And that’s public info, so as accurate as you can get.  So unless JR is taking $50M in compensation to be BMOC no way they spent $175M.

[southsider2k5]

35 minutes ago, champagne030 said:

The Braves paid $125M in SG&A last year.  And that’s public info, so as accurate as you can get.  So unless JR is taking $50M in compensation to be BMOC no way they spent $175M.

Forbes knows this and still put the Sox and Yankees where they are.

 

 

[caulfield12]

Eight of the Top 10 teams in baseball have Top 12 payrolls.

Basically you need to spend $200 million or more to have a chance.

Even the exceptions are in the middle tier, Cards at 16 and Detroit at 18 with a $145 million payroll.

 

Four of the bottom five lowest payrolls make up the worst teams in baseball...White Sox A's Miami and Pirates.

Rockies (worst) are 21st.  Rays still doing okay without spending...same with the Brewers/Guardians, as usual. 

Orioles Braves Red Sox and Rangers underachieving.

https://www.fangraphs.com/roster-resource/breakdowns/payroll

[Harold's Leg Lift]

Reinsdorf didn't want to do this.  He had to do this.  

[tray]

44 minutes ago, Harold's Leg Lift said:

Reinsdorf didn't want to do this.  He had to do this.  

There was a postscript to the reported agreement I read somewhere that stated that none of the events necessarily have to happen. That has to be wrong. There must be more solid terms to this that bind both parties. 

[77 Hitmen]

23 hours ago, Jose Abreu said:

https://www.soxon35th.com/why-the-justin-ishbia-news-is-even-better-than-you-think-for-the-white-sox/

That's a really good, sensible article.  Very interesting MLB payroll vs. winning pct. graph at the end.  The Angels sure are the outliers there!

[fathom]

1 hour ago, Harold's Leg Lift said:

Reinsdorf didn't want to do this.  He had to do this.  

Money issues?

[Chicago White Sox]

46 minutes ago, tray said:

There was a postscript to the reported agreement I read somewhere that stated that none of the events necessarily have to happen. That has to be wrong. There must be more solid terms to this that bind both parties. 

If it’s binding, then a transaction has already taken place.  Ishbia is effectively buying an option at a pre-determined price which is all he needs to procure ownership eventually but without immediately triggering a sale.

Edited June 7 by Chicago White Sox

[champagne030]

11 hours ago, southsider2k5 said:

Forbes knows this and still put the Sox and Yankees where they are.

 

 

Apparently, Forbes doesn't.  The Braves' 10-K doesn't remotely tie to Forbes.  And I'm going to take the 10-K more seriously than some undocumented calculation from Forbes.

 

https://www.bravesholdings.com/investors/financial-information/sec-filings/content/0001558370-25-002009/0001558370-25-002009.pdf

Edited June 7 by champagne030
Add 10-K

[Lip Man 1]

1 hour ago, tray said:

There was a postscript to the reported agreement I read somewhere that stated that none of the events necessarily have to happen. That has to be wrong. There must be more solid terms to this that bind both parties. 

You are correct, it basically said there are no guarantees any sale/transition will happen but many feel that is simply CYA phrasing. 

https://chicago.suntimes.com/white-sox/2025/06/06/white-sox-chris-getz-justin-ishbia-jerry-reinsdorf-rebuild-free-agent-spending

[southsider2k5]

3 hours ago, champagne030 said:

Apparently, Forbes doesn't.  The Braves' 10-K doesn't remotely tie to Forbes.  And I'm going to take the 10-K more seriously than some undocumented calculation from Forbes.

 

https://www.bravesholdings.com/investors/financial-information/sec-filings/content/0001558370-25-002009/0001558370-25-002009.pdf

Because 10ks aren't manipulated for filings?

[Chicago White Sox]

21 minutes ago, southsider2k5 said:

Because 10ks aren't manipulated for filings?

You think public filings are manipulated?

[southsider2k5]

49 minutes ago, Chicago White Sox said:

You think public filings are manipulated?

To some extent,  absolutely.

[Look at Ray Ray Run]

1 hour ago, southsider2k5 said:

To some extent,  absolutely.

I think you're using the wrong word. They're certainly not "manipulated" but there is creative accounting but mostly that creative accounting would be over representing costs not under. So I'd argue that braves number is a pretty good reference point in my opinion. Certainly better than that trash Forbes numbers.

And overrepresenting doesn't mean it's wrong either. 

Edited June 7 by Look at Ray Ray Run

[Buehrle>Wood]

 

Damn were broke again

 

 

Edited June 7 by Buehrle>Wood

[caulfield12]

1 hour ago, Buehrle>Wood said:

 

Damn were broke again

 

 

How much of JR's net worth is liquid?

5-10%  It's all in the valuations of two teams and land/development deals.

[WBWSF]

I read an interview with Getz today and he said he doesn't expect the team to be good for at least 3 years. I hope this new owner/investor  of the team first  bit of action is too kick Getz in his rear end out the door.

[WBWSF]

1 hour ago, Buehrle>Wood said:

 

Damn were broke again

 

 

Do  you really think JR would have taken on a new owner/investor who was broke? JR eats, sleeps and drinks money. He doesn't  mingle with people who are broke.

[caulfield12]

17 minutes ago, WBWSF said:

Do  you really think JR would have taken on a new owner/investor who was broke? JR eats, sleeps and drinks money. He doesn't  mingle with people who are broke.

And that post was about the brother, Matt...not Justin.

All reports are the Suns' owner is the secondary guy with the Sox.

 

There's also a clear and massive difference between liquid and illiquid investments...such as JR's paper net worth with the two teams.

Edited June 8 by caulfield12

[PaleAleSox]

8 minutes ago, caulfield12 said:

And that post was about the brother, Matt...not Justin.

All reports are the Suns' owner is the secondary guy with the Sox.

Also an entirely different company. 

[southsider2k5]

24 minutes ago, WBWSF said:

I read an interview with Getz today and he said he doesn't expect the team to be good for at least 3 years. I hope this new owner/investor  of the team first  bit of action is too kick Getz in his rear end out the door.

For once he is being honest, and correct.