Dodgers Sell for $2 Billion

Discussion in 'Sports' started by CardinalVol, Mar 28, 2012.

  1. CardinalVol

    CardinalVol Uncultured, non-diverse mod

    That's 2,000,000,000.

    Maybe it's because they are west coast and other than catching Scully on radio I never keep up with them, but the fact they sold for $500M more than ManU blows my mind and really makes me wonder how much the Yankees would sell for.
     
  2. JohnnyQuickkick

    JohnnyQuickkick Great Man

    I'm disappointed they rejected my offer of $25, my old Xbox, and a handful of games.

    The Dodgers are a big-time brand though. I was a little surprised at the size of the figure, but not completely.
     
  3. JohnnyQuickkick

    JohnnyQuickkick Great Man

    Just read that Steinbrenner's group bought the Yankees in 73 for 8.7 million. I'd say it was a good investment.

    Of course Wikipedia didn't include it also cost his soul.
     
  4. droski

    droski Traffic Criminal

    no way even remotely justified by the revenues of the franchise, but that doesn't seem to matter.
     
  5. tidwell

    tidwell Chieftain

    Frank McCourt says, "Who's laughing now, [itch bay]es?"
     
  6. NYYVol

    NYYVol Super Moderator

    I hope the new owners put a great product on the field. Baseball needs the Dodgers to be relevant again.
     
  7. droski

    droski Traffic Criminal

    yes i'd hope the agreement has some sort of expectation that they'd spend some money. mccourt was running it on bare minimum
     
  8. IP

    IP Advanced Pruitt Apologetics Bot

    If they want to make their money back, they had better field a team that can make some noise.
     
  9. droski

    droski Traffic Criminal

    well i think mccourt and others have proven that you don't need to win to sell you team for a profit. though there is no question a good team would generate a lot of money. even in crappy years the dodgers used to be in teh top-5 in the league in attendance.
     
  10. CardinalVol

    CardinalVol Uncultured, non-diverse mod

    If the Dodgers are led by the right group and put a product on the field, they are the second biggest item in baseball, no questions asked. Boston and Anaheim can both go f-themselves.

    I'm interested in what they are going to do with the TV deal. Bid it out or start their own network. And rumblings out there [MENTION=14]droski[/MENTION]?
     
  11. droski

    droski Traffic Criminal

    bet they start their own network. no reason not to really. i have no inside info though.
     
  12. CardinalVol

    CardinalVol Uncultured, non-diverse mod

    Serious question -

    If the Dodgers ever became dominant again, would the Angels fans pretty much jump ship in a heartbeat? I tend to think most of them are Angels fans becuase they are waiting for the Dodgers to actually be good then will jump back in a heartbeat.
     
  13. droski

    droski Traffic Criminal

    growing up i never knew an angels fan. everyone was a dodgers fan. hell i remember they did a poll in SAN DIEGO and there were a higher % of dodgers fans than padres fans. but times have changed and most young people in orange county are angel fans. but there are a lot of dodger fans, myself included, that would strongly support a good team. also the dodgers completely dominate the hispanic market. i don't think outsiders realize how much mccourt has made people stay away. who wants to support an owner who is constantly screwing the fans, milking every dime out of them, and yet spending no money?
     
    Last edited: Mar 29, 2012
  14. CardinalVol

    CardinalVol Uncultured, non-diverse mod

    Interesting on the Hispanics. I had no clue about that, although I did understand the part of McCourt doing everything he could to drive fans away it seemed.

    I guess part of the reason of the Angels going after Pujols so hard was probably to tap into that market segment too.
     
  15. droski

    droski Traffic Criminal

    the dodgers have had a spanish brodcaster for like 30 years. they were the first sports franchise in los angeles to emprace that market by at least a decade and it's paid big dividends. i'd be willing to bet there are a higher % of hispanics at a dodger games than any other sports franchise in the country. and not all of that is demographics.
     
  16. hatvol96

    hatvol96 Well-Known Member

    How much is the real estate in Chavez Ravine alone worth? I don't see this as a bad purchase at all.
     
  17. droski

    droski Traffic Criminal

    it's not the greatest area surrounding it and there is no existing infrastructure. people have been trying to develop that land unsuccessfully for 50 years and i've heard about it since i was a child, so i'm not convinced it will get done soon. i believe they valued it at $200 mil when they bought it, but the real value is the tv deal. but i've done some franchise valuations and the majority of the investment return worked into the numbers comes from the expectation that franchises constantly sell for more than they did before. almost ponzi scheme esque. i.e. if i sell my $1 bill to you for $2 than it's a good investment even if it's only worth $1. it's an ego purchase and therefore traditional valuation techniques don't work.
     
  18. hatvol96

    hatvol96 Well-Known Member

    The areas where Magic put movie theaters weren't the greatest and lacked quality infrastructure. That turned out alright.
     
  19. droski

    droski Traffic Criminal

    well i mean it doesnt' have sewers, electricity, things of that variety. but yes the areas surrounding the land are similar to where the magic theaters are.
     

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