Alex Rodriguez Buys The Minnesota Timberwolves

[threattonature]

What part of simply being a nba team was worth 2.5 billion do u not understand?
That was the bare minimum to own a nba team in 2021. around the same time investors from las vegas which included Floyd Mayweather wanted to buy the team for above value they're intentions was moving the team to las vegas(Floyd Mayweather himself talks abt this).
The reason they got massive discounts was to keep the team in Minneapolis all the other potential buyers wanted to move them.

Where are you getting that price from? I don't think anybody realized just how much these teams would sell for on the open market until the Phoenix sale which opened a lot of people's eyes to just how much these teams could fetch on the open market. Other than that the only teams that sold for more than 2 million were either in huge markets (Brooklyn, LA) or the team was experiencing success with a bankable superstar like the Rockets. The Wolves were looked at like a perennially losing franchise, in a mid-sized market without a marketable superstar. The Jazz had just sold for 1.6 billion the year prior.

Here's an article talking about the valuation of the Twolves went up a bunch from the intial sale.

https://www.thestreet.com/sports/mark-cuban-sale-dallas-mavericks-compares-recent-nba-franchise-sales

The Timberwolves and Jazz were both sold a few years ago, but each are now valued by Forbes significantly higher than when they were sold.

The Timberwolves, who are 29th out of 30 teams in terms of valuation, were valued at $2.5 billion by Forbes, 66.7% more than they were just two years ago.

 

[Slow Moving]

Where are you getting that price from? I don't think anybody realized just how much these teams would sell for on the open market until the Phoenix sale which opened a lot of people's eyes to just how much these teams could fetch on the open market. Other than that the only teams that sold for more than 2 million were either in huge markets (Brooklyn, LA) or the team was experiencing success with a bankable superstar like the Rockets. The Wolves were looked at like a perennially losing franchise, in a mid-sized market without a marketable superstar. The Jazz had just sold for 1.6 billion the year prior.

Here's an article talking about the valuation of the Twolves went up a bunch from the intial sale.

https://www.thestreet.com/sports/mark-cuban-sale-dallas-mavericks-compares-recent-nba-franchise-sales

The Timberwolves and Jazz were both sold a few years ago, but each are now valued by Forbes significantly higher than when they were sold.

The Timberwolves, who are 29th out of 30 teams in terms of valuation, were valued at $2.5 billion by Forbes, 66.7% more than they were just two years ago.

NBA expansion: Adam Silver calls reported $2.5 billion target fee 'very low' compared to what NBA would want

The league seemingly wants record-breaking fees if it is going to expand

www.google.com

At the bare minimum this was the going rate for new nba expansion team.

Any time a profitable business is sold they're sold for alot more than Market value is unheard of for a company to be sold for under value.
The timberwolves in Minneapolis cost 1.5 billion a timberwolves team being moved to Las Vegas was gonna cost alot more.
The current value of new expansion nba team is easily more than 2.5 billion since those estimates are 3 yrs ago.

The value rise of timberwolves have little to do with timberwolves and more to do with overall nba value rising for all purpose timberwolves getting new arena will easily inflate those number than winning couple of play in games lol.

 

[threattonature]

NBA expansion: Adam Silver calls reported $2.5 billion target fee 'very low' compared to what NBA would want

The league seemingly wants record-breaking fees if it is going to expand

www.google.com

At the bare minimum this was the going rate for new nba expansion team.

Any time a profitable business is sold they're sold for alot more than Market value is unheard of for a company to be sold for under value.
The timberwolves in Minneapolis cost 1.5 billion a timberwolves team being moved to Las Vegas was gonna cost alot more.
The current value of new expansion nba team is easily more than 2.5 billion since those estimates are 3 yrs ago.

The value rise of timberwolves have little to do with timberwolves and more to do with overall nba value rising for all purpose timberwolves getting new arena will easily inflate those number than winning couple of play in games lol.

Did you even read your own article? It explains how the fee for a new franchise is typically higher than franchise value. They are essentially paying all the other teams to get a cut of the TV deals and whatever deals the teams have. Now that there is more teams to divide those pies by 32 instead of 30. So the other 30 teams want to be made whole.

Also the article points out how the Nets who are in a much more desirable market set a record for 2.e5 billion. So 1.5 Billion is a good market value for the Twolves at the time.

Even a $2.5 billion fee would represent the most expensive team sale in the history of North American professional sports. The Brooklyn Nets currently hold that distinction having been sold for $2.35 billion to Joe Tsai, but it should be noted that expansion fees are typically pricier than typical team sales. The Charlotte Bobcats paid $300 million to enter the NBA in 2004, but only four years earlier, the Dallas Mavericks netted only $285 million in a significantly better market. In 2002, the Boston Celtics were sold for only 20 percent more than the Hornets at $360 million despite being one of the most iconic brands in basketball.

 

[Rev]

 

[Remote]

Hard to believe Glen Taylor would try to pull out of this deal of the Timberwolves were a 30-win team.
Looks like A-Rod is really trying to follow the blueprint Magic Johnson put out in terms of becoming a business mogul after his playing days.

Off topic - Magic Johnson is going to be 65 years old this summer. Time flies.

 

[Nero Christ]

A-Rod calling up them hittas from the DR

 

[itsyoung!!]

They were sold for below market value at the time when they were sold in 2021 a new expansion nba team would've cost 2.5 billion he sold the wolves for 1.6 billion.
He gave them a massive discount

Market value is only for desirable items. Timberwolves at the time was not a desirable item. Thats why the price was "discounted". No one was or is going to pay $2.5 billion for the timberwolves.

 

[duncanthetall]

LETS fukkIN GO

 

[Henry Orbit]

 

[Flex Luger]

 

[Raquinotj]

shyt just got real.

 

[GnauzBookOfRhymes]

THE DESCRIPTION IN THAT TWEET IS MISLEADING...

THIS ARTICLE SAYS
AROD CAME UP WITH THE MONEY...
HE DID TWICE ACTUALLY.

NBA REJECTED ARODS INVESTORS
THE CARLYLE GROUP A FEW DAYS AGO...

AROD HAD A BACKUP PLAN
AND GOT THE MONEY ANYWAY
BUT THE NBA WASNT GOING
TO APPROVE OR REJECT THE DEAL UNTIL APRIL.



GLENN SAW THIS AND USED
A LOOP HOLE TO GET KEEP HIS TEAM
SINCE THEIR GOOD NOW





​

EXACTLY.

But people are too fukking stupid to read beyond the headlines or even when they do, to read between the lines and have the discernment to understand when someone is trying to manipulate narratives. All of these "sources" are more than likely Taylor's people. The thing is that no matter how cunning people are, they always have a tendency to let the truth escape at some point BEFORE they began to engage in the coverups or manipulation.

Taylor said STRAIGHT UP that the teams future is looking up and he "wants to be a part of it." He's known as a scumbag businessman who is always in court being sued by one partner or another.

He more than likely had friends among ownership who were willing to help him out by delaying the approvals, or he complained enough to the league about how unfair it would be for the team to double in value right as the sale was about to close etc. He's trying to force this into mediation with the hope that A-Rod and Co., decide it's not worth the fight and maybe end up offering him slightly higher price.

 

[Slow Moving]

Did you even read your own article? It explains how the fee for a new franchise is typically higher than franchise value. They are essentially paying all the other teams to get a cut of the TV deals and whatever deals the teams have. Now that there is more teams to divide those pies by 32 instead of 30. So the other 30 teams want to be made whole.

Also the article points out how the Nets who are in a much more desirable market set a record for 2.e5 billion. So 1.5 Billion is a good market value for the Twolves at the time.

Even a $2.5 billion fee would represent the most expensive team sale in the history of North American professional sports. The Brooklyn Nets currently hold that distinction having been sold for $2.35 billion to Joe Tsai, but it should be noted that expansion fees are typically pricier than typical team sales. The Charlotte Bobcats paid $300 million to enter the NBA in 2004, but only four years earlier, the Dallas Mavericks netted only $285 million in a significantly better market. In 2002, the Boston Celtics were sold for only 20 percent more than the Hornets at $360 million despite being one of the most iconic brands in basketball.

1. I posted that article to show the threshold for buying new nba team not whether the fee is too high. The reason the fee is high is to create incentive to expand.
2. The 30 current nba teams are more valuable than any new expansion team in open market.
3. Stories coming from Glen Taylor camp leading up to the sale and after said it was sold for discount.

 

[Slow Moving]

Market value is only for desirable items. Timberwolves at the time was not a desirable item. Thats why the price was "discounted". No one was or is going to pay $2.5 billion for the timberwolves.

Timberwolves are nba team buying them is similar to buying nba stock.
Theyre no different from Garbage teams like nets/clippers who got bought and moved to la/nyc.
All current nba teams value is tied to
1. Stadium
2. Market they play in
3. current nba players they have
The third point is much less important since those change over time.
They could've easily been sold for 2.5 billion if they could be moved.
Glen Taylor and the nba have been adamant about keeping them in the state.

 

[Slow Moving]

THE DESCRIPTION IN THAT TWEET IS MISLEADING...

THIS ARTICLE SAYS
AROD CAME UP WITH THE MONEY...
HE DID TWICE ACTUALLY.

NBA REJECTED ARODS INVESTORS
THE CARLYLE GROUP A FEW DAYS AGO...

AROD HAD A BACKUP PLAN
AND GOT THE MONEY ANYWAY
BUT THE NBA WASNT GOING
TO APPROVE OR REJECT THE DEAL UNTIL APRIL.



GLENN SAW THIS AND USED
A LOOP HOLE TO GET KEEP HIS TEAM
SINCE THEIR GOOD NOW





​

Glen Taylor gave them 3 month extension for all purpose he didn't need a loophole the closing date for the sale was in December.
He opened himself to potential law suite by giving them that extension.