speeddemon
Mid-Carder
Joined on: Mar 24, 2012 17:31:23 GMT -5
Posts: 71
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Post by speeddemon on Mar 28, 2012 21:09:49 GMT -5
Is a pro sports team really worth this much? What are you thoughts?
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Post by Scotty on Mar 28, 2012 21:11:04 GMT -5
I just found it more surprising Magic Johnson bought a baseball team lol
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speeddemon
Mid-Carder
Joined on: Mar 24, 2012 17:31:23 GMT -5
Posts: 71
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Post by speeddemon on Mar 28, 2012 21:13:02 GMT -5
I just found it more surprising Magic Johnson bought a baseball team lol You would think Magic would stick with his bread and butter of what he knows and that is "basketball" |
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Post by Lorenzo Alcazar on Mar 28, 2012 21:25:09 GMT -5
$2 billion dollars seems like a hell of a lot more than it should have been.
George Steinbrenner bought the Yankees for $10 million and right now the Yankees are only estimated as being worth $1.85 Billion.
Since the Yankees are the #1 sports Franchise in terms of worth.....the Dodgers can't be anywhere NEAR the $2 billion that Magic and his group paid for them....seems like a dumb move.
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jakksking1
Main Eventer
Joined on: Feb 2, 2011 14:45:41 GMT -5
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Post by jakksking1 on Mar 28, 2012 21:34:20 GMT -5
Its all about the network deal as well. Yanks are worth about $1.5bil as a team, but including the YES Network and Legends, their value is $5.1 billion. The new owners are going to auction off the TV rights, and it is expected to fetch at least $4 billion.
Magic always was one of the smarter athlete investors. Look at all of the failed basketball players who tried to buy/manage a team, notably Isaiah and Michael.
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Post by /X Metal Sorenges x "Mac Oh J~ on Mar 30, 2012 22:29:29 GMT -5
$2 billion dollars seems like a hell of a lot more than it should have been. George Steinbrenner bought the Yankees for $10 million and right now the Yankees are only estimated as being worth $1.85 Billion. Since the Yankees are the #1 sports Franchise in terms of worth.....the Dodgers can't be anywhere NEAR the $2 billion that Magic and his group paid for them....seems like a dumb move. I like your form of logic.  |
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Kasper.ca
Superstar
Joined on: Apr 6, 2012 13:02:10 GMT -5
Posts: 764
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Post by Kasper.ca on Apr 7, 2012 16:56:33 GMT -5
$2 billion dollars seems like a hell of a lot more than it should have been. George Steinbrenner bought the Yankees for $10 million and right now the Yankees are only estimated as being worth $1.85 Billion. Since the Yankees are the #1 sports Franchise in terms of worth.....the Dodgers can't be anywhere NEAR the $2 billion that Magic and his group paid for them....seems like a dumb move. Seems high to me, but I suppose with all the variables involved... they could do alright if the field a competitive team for years to come. |
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Post by RSCTom on Apr 9, 2012 12:37:51 GMT -5
I don't care how much it was because they're already 3-1 and the weight of the entire horrible financial situation being lifted has already made my baseball season so far way less miserable than last years
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jc
Superstar
Nifty Badge
huh?!
Joined on: Feb 13, 2012 19:58:20 GMT -5
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Post by jc on Apr 11, 2012 19:23:32 GMT -5
They're a huge market team, I'm sure there were plenty of variables in the decision.
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dodgerman
Main Eventer
Joined on: Jul 21, 2008 2:11:44 GMT -5
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Post by dodgerman on Jun 16, 2012 20:12:12 GMT -5
Seems like alot of money for the dodgers, I just hope they have enough for trades and free agents.
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