"bu bu but if the Black Billionaires pooled together, they could do it" - Coli Economists
Mat Ishbia purchases the Phoenix Suns & Mercury for $4 billion!
- Thread starter FAH1223
- Start date
Will we ever see another black owner???
Honestly, no. Lebron gon learn, IMO, "they" don't luh him like that
He's gonna be one of a group of something
desjardins
Superstar
yea the article said his brother was a significant investor. Just bringing it up cause I'd assume having a highly leveraged owner means they might try to avoid luxury tax and stuff like that
Damn what happened to Byron Allen I thought he was trying to buy a team?
Yeah ok...
He's getting a team Adam Silver will see to it just like David Stern made it his personal mission to get MJ a team
ALonelyDad
Veteran
He already is with the Fenway group, that is how he will bid
Complicated situation. His partial ownership of all the RSNs that Disney had to sell off when they bought most of Fox means he'd likely need to divest in order to buy a solid portion of MLB, NBA, or NHL teams, so the only direct avenue he's got is the NFL. He got outbid by a group left by a Walton for the Broncos, so really his only other option that's floating around right now is the Commanders, but supposedly Jeff Bezos both wants the team, and is the preferred option.
Exactly right. You don't see very many franchises get sold to single owners these days, since it's pretty difficult to have $2-5 billion just ready to spend on hand. Honestly, that idea got killed by Frank McCourt's tenure as owner of the Dodgers. Leagues would rather see a team get sold to a large ownership group with a person they can say is the leader than deal with a single person or entity that has to take on a shytload of debt to buy.
Ethnic Vagina Finder
The Great Paper Chaser
When owners are forced the sell, they will always ask for too much.
Whoever did the valuation probably gonna get a kickback.
Whoever did the valuation probably gonna get a kickback.
Professor K.
rap game Paul Millsap
Make 4 billy for being a racist prick crehs
African American Robert Smith is the only one with the capital and connections to do it. Maybe OprahWill we ever see another black owner???
You can literally come up with damn near anything on a valuation. The investment bankers kickback is the fee they got from the total valuation.
Nobody uses $4 billion of their own capital. It’s all funded by debt and outside investors. Few people on earth have $4billion liquid. Maybe jeff bezos but that’s it.
number21
Strive for rulership not equality, black man.
Over 3 billion in profit? Sarver won.
yup and then probably do the MJ buy them out later on
It would be good business for the nba to have lebron as an owner