3 minutes ago, Bonemer, I Hardly Know Her said:

What a waste of all that wealth! I'd have a penthouse in the city, a big mansion in the burbs, a ridiculous lake house in Wisconsin/Michigan, an absurd mansion in Florida.

Totally. A moat with attack dogs too. He's doing it all wrong.

3 minutes ago, ron883 said:

Totally. A moat with attack dogs too. He's doing it all wrong.

.....and attack gators in the moat?

8 minutes ago, Bonemer, I Hardly Know Her said:

What a waste of all that wealth! I'd have a penthouse in the city, a big mansion in the burbs, a ridiculous lake house in Wisconsin/Michigan, an absurd mansion in Florida.

And a trophy baseball team to rob blind.

1 minute ago, southsider2k5 said:

And a trophy baseball team to rob blind.

Oh for sure. I'd screw over all those loser millionaires on my team, and of course those worthless scum fans would receive the brunt of it at my own personal benefit.

But actually, it's a shame that I don't own the Sox. We'd have a top payroll every year and CHSN wouldn't freeze at all the commercial breaks. I'd have an elite IT team to make sure the app runs smoothly.

5 hours ago, Chicago White Sox said:

lol…now you’re upset because they made a lot of money and actually spent it on things that give them joy. You truly are a snowflake.

he’s not gonna date you, you know.

9 hours ago, Chicago White Sox said:

lol…now you’re upset because they made a lot of money and actually spent it on things that give them joy. You truly are a snowflake.

"He posted at me with tears in his eyes. Big, strong @Chicago White Sox with tears in his eyes. He said 'Sir, you go ahead and buy all the teams, raze all the bluffs, and block all the shorelines you want. I just want you to have joy, Sir.'"

So he'll foreclose on a bunch of mortgages removing people from their homes while operating the Sox at a huge loss because he wants to win a baseball championship?

It's a beautiful world we live in.

25 minutes ago, Texsox said:

So he'll foreclose on a bunch of mortgages removing people from their homes while operating the Sox at a huge loss because he wants to win a baseball championship?

It's a beautiful world we live in.

You're mostly talking about the Phoenix Suns here, and Mat (annoying MSU name spelling).

Justin has limited exposure to UWMC, comparatively.

This whole situation is more about bad bets against Federal interest rates impacting mortgage rates...Justin's emergency $2 billion is a backstop to give things time to recover.

Edited 17 hours ago17 hr by caulfield12

7 hours ago, nrockway said:

he’s not gonna date you, you know.

I think you meant this for Tray and Jerry.

At least he's saving money by living rent free in people's heads.

https://sports.yahoo.com/nba/article/lakers-125-billion-sale-shows-why-private-equity-loves-sports--and-wont-leave-230550825.html

sportico list from March

going by Lakers and Padres' deals...looking at 25-30% over these valuations right now in August

1. New York Yankees: $9.4 billion/$11.75 projected

2. Los Angeles Dodgers: $9.05 billion/$11.3125 billion

3. Boston Red Sox: $6.65 billion/$8.3125

4. Chicago Cubs: $6.48 billion/$8.1 billion

5. San Francisco Giants: $4.36 billion/$5.45 billion

6. Atlanta Braves: $4.11 billion/$5.14 billion

7. Philadelphia Phillies: $3.75 billion/$4.69 billion

8. Houston Astros: $3.65 billion/$4.56 billion

9. New York Mets: $3.58 billion/$4.0-4.25 billion

10. San Diego Padres: $3.1 billion (sold for $3.9 billion)

15 hours ago, southsider2k5 said:

I think you meant this for Tray and Jerry.

tray seems hot, Jerry might.

35 minutes ago, caulfield12 said:

https://sports.yahoo.com/nba/article/lakers-125-billion-sale-shows-why-private-equity-loves-sports--and-wont-leave-230550825.html

We've discussed this, professional sports is literally the safest and best performing investment a moneyed entity could make. Long gone are the days of it being a vanity purchase. There's no reason to believe Ishbia is any different from these entities, these dudes want to make money above anything else. If it's more profitable to move the team and never sign huge free agent contracts, that's almost certainly what he's gonna do.

22 minutes ago, nrockway said:

We've discussed this, professional sports is literally the safest and best performing investment a moneyed entity could make. Long gone are the days of it being a vanity purchase. There's no reason to believe Ishbia is any different from these entities, these dudes want to make money above anything else. If it's more profitable to move the team and never sign huge free agent contracts, that's almost certainly what he's gonna do.

I think the question that we are seeing here is short term profitablility year over year, versus return on investment in terms of valuation.

Think of how the White Sox have been operated versus how the Padres were.

The Sox cut and raise payroll annual based on revenues with the goal of a slight dollar profit for investors year over year. If revenues fall short, payroll gets chopped, but in general, the team does everything it can to stay in the green annually. The last six year were the exception, but mostlly because a series of unexpected bad things happened, though the teams behavior to cut dollars did follow to form.

Then take SD who never turns an annual profit, but because of their spending has attracted large investments and interest to them, so instead of an annual profit, the value of the franchise exploded at a MUCH larger rate than the White Sox did. Despite their location, they are worth about double what the Sox are. So while the profit return wasn't there, the overall rate of return on investment was much greater through the extra billions in valuation.

In stock market terms are you chasing dividends or returns? Both have their profit, but I think the latter actually generates larger returns overall.

5 minutes ago, southsider2k5 said:

I think the question that we are seeing here is short term profitablility year over year, versus return on investment in terms of valuation.

Think of how the White Sox have been operated versus how the Padres were.

The Sox cut and raise payroll annual based on revenues with the goal of a slight dollar profit for investors year over year. If revenues fall short, payroll gets chopped, but in general, the team does everything it can to stay in the green annually. The last six year were the exception, but mostlly because a series of unexpected bad things happened, though the teams behavior to cut dollars did follow to form.

Then take SD who never turns an annual profit, but because of their spending has attracted large investments and interest to them, so instead of an annual profit, the value of the franchise exploded at a MUCH larger rate than the White Sox did. Despite their location, they are worth about double what the Sox are. So while the profit return wasn't there, the overall rate of return on investment was much greater through the extra billions in valuation.

In stock market terms are you chasing dividends or returns? Both have their profit, but I think the latter actually generates larger returns overall.

It's a good point. I think with the Padres though, there's some outside factors affecting it that probably wouldn't relate to the Sox. Coastal California location is a big one, with a new ballpark part of a more comprehensive redevelopment of San Diego's downtown. SD's real estate market is going bonkers relative to Chicago, the Padres have a potentially wealthier clientele and more tourism to tap into than the Sox do on Chicago's South Side. A relative dearth of sports makes the Padres pretty much the only show in town too. I'm not sure a South Loop ballpark changes a ton in that regard, though it probably does attract more non-baseball fans to attend than a Bridgeport park. Intuitively, I'd bet the Sox best path toward valuation increase is by attracting foreign, specifically Japanese and Korean, stars and developing a new fanbase that isn't geographically-connected to the team. Of course, then it doesn't really matter if you're in Chicago or Nashville. I generally like this idea because it helps the team and it likely lines the owner's pockets.

Boring prediction that seems likely to me is that Ishbia-led Sox operate like the Rubenstein Orioles. I think their fans were expecting a large influx of cash into the team, but so far the Orioles are bottom of the league in payroll and just traded a guy they'd likely have to pay big money to (right trade to make for baseball reasons still IMO). Rubenstein (read it like a portmanteau of rube and frankenstein) talked the talk when he bought the team but so far he just seems like...any other owner.

19 hours ago, 35thstreetswarm said:

"He posted at me with tears in his eyes. Big, strong @Chicago White Sox with tears in his eyes. He said 'Sir, you go ahead and buy all the teams, raze all the bluffs, and block all the shorelines you want. I just want you to have joy, Sir.'"

Not sure if this is a dig at me, but I care more about the White Sox rocking best in class payrolls than a bunch of Winnetka millionaires getting upset over a Winnetka billionaire blocking their beautiful shorelines.

23 hours ago, nrockway said:

he’s not gonna date you, you know.

And him being rich and spending his money on luxury things will have no bearing on your life, but you and tray will continue to be triggered by it.

13 minutes ago, nrockway said:

It's a good point. I think with the Padres though, there's some outside factors affecting it that probably wouldn't relate to the Sox. Coastal California location is a big one, with a new ballpark part of a more comprehensive redevelopment of San Diego's downtown. SD's real estate market is going bonkers relative to Chicago, the Padres have a potentially wealthier clientele and more tourism to tap into than the Sox do on Chicago's South Side. A relative dearth of sports makes the Padres pretty much the only show in town too. I'm not sure a South Loop ballpark changes a ton in that regard, though it probably does attract more non-baseball fans to attend than a Bridgeport park. Intuitively, I'd bet the Sox best path toward valuation increase is by attracting foreign, specifically Japanese and Korean, stars and developing a new fanbase that isn't geographically-connected to the team. Of course, then it doesn't really matter if you're in Chicago or Nashville. I generally like this idea because it helps the team and it likely lines the owner's pockets.

Boring prediction that seems likely to me is that Ishbia-led Sox operate like the Rubenstein Orioles. I think their fans were expecting a large influx of cash into the team, but so far the Orioles are bottom of the league in payroll and just traded a guy they'd likely have to pay big money to (right trade to make for baseball reasons still IMO). Rubenstein (read it like a portmanteau of rube and frankenstein) talked the talk when he bought the team but so far he just seems like...any other owner.

I did a quick google search just for kicks. I was curious on the tourism between SD and Chicago. The numbers are pretty eye opening; Chicago is a very popular destination.

"Chicago generally records higher overall annual visitor volume and tourism impact compared to San Diego, welcoming over 50 million domestic and international visitors yearly, whereas San Diego typically attracts 30 to 35 million visitors annually."

17 minutes ago, nrockway said:

It's a good point. I think with the Padres though, there's some outside factors affecting it that probably wouldn't relate to the Sox. Coastal California location is a big one, with a new ballpark part of a more comprehensive redevelopment of San Diego's downtown. SD's real estate market is going bonkers relative to Chicago, the Padres have a potentially wealthier clientele and more tourism to tap into than the Sox do on Chicago's South Side. A relative dearth of sports makes the Padres pretty much the only show in town too. I'm not sure a South Loop ballpark changes a ton in that regard, though it probably does attract more non-baseball fans to attend than a Bridgeport park. Intuitively, I'd bet the Sox best path toward valuation increase is by attracting foreign, specifically Japanese and Korean, stars and developing a new fanbase that isn't geographically-connected to the team. Of course, then it doesn't really matter if you're in Chicago or Nashville. I generally like this idea because it helps the team and it likely lines the owner's pockets.

Boring prediction that seems likely to me is that Ishbia-led Sox operate like the Rubenstein Orioles. I think their fans were expecting a large influx of cash into the team, but so far the Orioles are bottom of the league in payroll and just traded a guy they'd likely have to pay big money to (right trade to make for baseball reasons still IMO). Rubenstein (read it like a portmanteau of rube and frankenstein) talked the talk when he bought the team but so far he just seems like...any other owner.

I think that kind of goes back to how the team invest. The Padres aren't afraid to spend, whereas the Sox were more worried about surface parking lots. They could have built themselves a ballpark complex in Bridgeport, but chose to keep it as parking lots. And honestly, I have only what I have seen with the Suns to have an idea what to expect from Ishbia, but it looks like they weren't afraid to spend. Also with the Amtrak project, it doesn't seem like they only want to do the minimum like we saw with New Comiskey. Who knows how it ends up, but after 45 years of Jerry, I am more than excited to try something new.

49 minutes ago, southsider2k5 said:

I think the question that we are seeing here is short term profitablility year over year, versus return on investment in terms of valuation.

Think of how the White Sox have been operated versus how the Padres were.

The Sox cut and raise payroll annual based on revenues with the goal of a slight dollar profit for investors year over year. If revenues fall short, payroll gets chopped, but in general, the team does everything it can to stay in the green annually. The last six year were the exception, but mostlly because a series of unexpected bad things happened, though the teams behavior to cut dollars did follow to form.

Then take SD who never turns an annual profit, but because of their spending has attracted large investments and interest to them, so instead of an annual profit, the value of the franchise exploded at a MUCH larger rate than the White Sox did. Despite their location, they are worth about double what the Sox are. So while the profit return wasn't there, the overall rate of return on investment was much greater through the extra billions in valuation.

In stock market terms are you chasing dividends or returns? Both have their profit, but I think the latter actually generates larger returns overall.

Someone coined the phrase the White Sox are a Sleeping Giant. I think Ishbia initiates the wake-up phase.

1 minute ago, Falstaff said:

I did a quick google search just for kicks. I was curious on the tourism between SD and Chicago. The numbers are pretty eye opening; Chicago is a very popular destination.

"Chicago generally records higher overall annual visitor volume and tourism impact compared to San Diego, welcoming over 50 million domestic and international visitors yearly, whereas San Diego typically attracts 30 to 35 million visitors annually."

Yeah, but are tourists hanging around Bridgeport? If you're visiting San Diego, chances are good you're going to be in or around the Gaslamp Quarter. Even if you're not, I'd think you're more likely take a cab to downtown SD than you are to Bridgeport. A cab to the 78? I dunno, maybe, but one might think they would've already done something there if developers thought so.

1 minute ago, southsider2k5 said:

I think that kind of goes back to how the team invest. The Padres aren't afraid to spend, whereas the Sox were more worried about surface parking lots. They could have built themselves a ballpark complex in Bridgeport, but chose to keep it as parking lots. And honestly, I have only what I have seen with the Suns to have an idea what to expect from Ishbia, but it looks like they weren't afraid to spend. Also with the Amtrak project, it doesn't seem like they only want to do the minimum like we saw with New Comiskey. Who knows how it ends up, but after 45 years of Jerry, I am more than excited to try something new.

Still my desire that they do this. That's my piece of potential excitement for any new owner.

1 minute ago, Falstaff said:

Someone coined the phrase the White Sox are a Sleeping Giant. I think Ishbia initiates the wake-up phase.

I kind of compare it to what we saw years ago with the Angels. Disney kind of kept them as a business to generate an annual profit for stockholders. Moreno came in and wanted to set the world on fire. He blew up the franchise value and did a lot of work both on the payroll and on the stadium. The potential is there for sure when you look at other similar situations.

10 minutes ago, Chicago White Sox said:

And him being rich and spending his money on luxury things will have no bearing on your life, but you and tray will continue to be triggered by it.

Of course PE impacts all of our lives. I don't care if he buys a boat. I'm also not going to wash his balls and anoint a billionaire nepo baby a savior.