Forbes White Sox valuation

[Dick Allen]

Forbes came out today, whether they are accurate or not is always up for debate, but according to them, the team made a $41.9 million profit last year and is worth $1.35 billion.

 

So can we forget any talk of them moving?

[bmags]

Thanks for sharing. I wonder if Forbes has updated their formula at all considering the Marlins may get 2 billion for that team.

[tray]

Forbes came out today, whether they are accurate or not is always up for debate, but according to them, the team made a $41.9 million profit last year and is worth $1.35 billion.

 

So can we forget any talk of them moving?

 

 

The White Sox have never mentioned selling the team (or moving?) since Comiskey Park needed to be renovated or replaced.

That doesn't stop cub fans from hoping that the Sox and their fans leave town.

[Bob Sacamano]

Forbes came out today, whether they are accurate or not is always up for debate, but according to them, the team made a $41.9 million profit last year and is worth $1.35 billion.

 

So can we forget any talk of them moving?

 

Get that rational thought out of here. This is Soxtalk.

[southsider2k5]

The White Sox have never mentioned selling the team (or moving?) since Comiskey Park needed to be renovated or replaced.

That doesn't stop cub fans from hoping that the Sox and their fans leave town.

 

Selling the team has started coming up, most directly the Trib article talking about JR telling his son to sell the team in the event of his death.

[LittleHurt05]

Thanks for sharing. I wonder if Forbes has updated their formula at all considering the Marlins may get 2 billion for that team.

 

They never seem to take into account that there are so few sports teams ever available for sale, that they will always be sold for way over value.

[tray]

Selling the team has started coming up, most directly the Trib article talking about JR telling his son to sell the team in the event of his death.

 

The Sox ownership has not brought it up. Jerry Reinsdorf did not tell his sons (he has two sons and a daughter) to sell the White Sox .

The comment that he made was about the difficulty of owning a baseball team versus a basketball team and if one were to be sold, which one would make it easier to maintain. Reinsdorf's sons and daughter have never commented on this nor should they.

 

The Reinsdorf family have the unique luxury (and leverage) of owning two professional franchises in one of the largest cities in the United States, as well as a percentage of the media outlet that covers them. The Sox, one of the leagues oldest franchises, are not going anywhere and neither are the Reinsdorfs.

 

I want to see the White Sox win another one for Jerry.

Edited April 12, 2017 by miracleon35th

[southsider2k5]

Selling the team has started coming up, most directly the Trib article talking about JR telling his son to sell the team in the event of his death.

 

The Sox ownership has not brought it up. Jerry Reinsdorf did not tell his sons (he has two sons and a daughter) to sell the White Sox .

The comment that he made was about the difficulty of owning a baseball team versus a basketball team and if one were to be sold, which one would make it easier to maintain. Reinsdorf's sons and daughter have never commented on this nor should they.

 

The Reinsdorf family have the unique luxury (and leverage) of owning two professional franchises in one of the largest cities in the United States, as well as a percentage of the media outlet that covers them. The Sox, one of the leagues oldest franchises, are not going anywhere and neither are the Reinsdorfs.

 

I want to see the White Sox win another one for Jerry.

 

Actually he did.

 

http://articles.chicagotribune.com/2013-07...chael-reinsdorf

 

 

Reinsdorf said that upon his death, control of the team would pass to the executors of his will, and he has "strongly suggested" that they sell the team.

 

http://www.espn.com/chicago/mlb/story/_/id...uccession-plans

 

Jerry Reinsdorf confirmed Tuesday a published report that he has recommended to his sons a family succession plan that includes selling its interest in the Chicago White Sox, but he emphasized the decision won't be up to him.

 

Reinsdorf is the controlling partner of the White Sox and Chicago Bulls. His sons include Michael, who is the Bulls' president and COO, as well as David and Jonathan.

[tray]

Actually he did.

 

"Jerry Reinsdorf confirmed Tuesday a published report that he has recommended to his sons a family succession plan that includes selling its interest in the Chicago White Sox, but he emphasized the decision won't be up to him. His sons include Michael, who is the Bulls' president and COO, as well as David and Jonathan.

=====

Please stop. Selling and/or moving the Sox has NOT been discussed by the White Sox organization or by Jerry Reinsdorf in any serious manner since this interview was published. You cite an old story where Jerry was simply opining about what might happen after he dies that obviously predates the death of Jerry's son David. Jerry has two surviving sons and a daughter. They together, will have a controlling share of the White Sox and the Bulls. That cannot be separated without financial consequences to both teams, i.e., advertising, media revenue (i.e., Reinsdorf was getting two 20% shares of Comcast for the Sox + Bulls.)

 

I do not believe that Jerry has said that he is interested in selling the White Sox or the Bulls during his lifetime, at least mot since the days when the Sox needed to have a new stadium built to replace the old one, and many people believe that was only a bluff.

 

If the White Sox/Bulls wanted an additional investor /owner, Rocky Wirtz would be an interesting partner, i.e., shared ownership of Sox/Hawks/Bulls.

Edited April 12, 2017 by miracleon35th

[southsider2k5]

"Jerry Reinsdorf confirmed Tuesday a published report that he has recommended to his sons a family succession plan that includes selling its interest in the Chicago White Sox, but he emphasized the decision won't be up to him. His sons include Michael, who is the Bulls' president and COO, as well as David and Jonathan.

=====

Please stop. Selling and/or moving the Sox has NOT been discussed by the White Sox organization or by Jerry Reinsdorf in any serious manner since this interview was published. You cite an old story where Jerry was simply opining about what might happen after he dies that obviously predates the death of Jerry's son David. Jerry has two surviving sons and a daughter. They together, will have a controlling share of the White Sox and the Bulls. That cannot be separated without financial consequences to both teams, i.e., advertising, media revenue (i.e., Reinsdorf was getting two 20% shares of Comcast for the Sox + Bulls.)

 

I do not believe that Jerry has said that he is interested in selling the White Sox or the Bulls during his lifetime, at least mot since the days when the Sox needed to have a new stadium built to replace the old one, and many people believe that was only a bluff.

 

If the White Sox/Bulls wanted an additional investor /owner, Rocky Wirtz would be an interesting partner, i.e., shared ownership of Sox/Hawks/Bulls.

 

I never said anything about moving. It was about selling, and he flat out said he wanted the team sold after his death. There isn't really anything left up to interpretation there. It is obviously something he has thought about fairly extensively if he is talking about it in a newspaper interview, which also means he has probably done some extensive planning for it as well. As a real estate guy at his core, he also probably has a price in the back of his head that he would be willing to sell at, even today.

[Dick Allen]

If your dad was JR, and you were going to inherit control of these teams, would you sell? I would say at best maybe, but let's see what I could do for a few years.

 

I worked with a guy that did a lot of business with Michael Reinsdorf, and as of several years ago, selling the White Sox would be the last thing he would consider if what he told me was true, and he hasn't changed his mind.

 

I would guess the biggest factor might be the state of the team when JR goes.

Edited April 12, 2017 by Dick Allen

[greg775]

If the Sox were sold tomorrow would they really get 1.35 billion for the team? I just can't imagine a baseball team regarded as one of the worst franchises (compared to the elitist Cubs who own the Second City) in the sport and a so-so stadium being worth that kind of money. I mean, if Jerry and the partners sold tomorrow would they get that kind of money for the team?

 

If so wouldn't it be a no brainer to sell with TV contracts in question in the future (demise of ESPN, etc)? I'd think it's time to sell, sell sell if you are an owner of a sports franchise.

[Dick Allen]

If the Sox were sold tomorrow would they really get 1.35 billion for the team? I just can't imagine a baseball team regarded as one of the worst franchises (compared to the elitist Cubs who own the Second City) in the sport and a so-so stadium being worth that kind of money. I mean, if Jerry and the partners sold tomorrow would they get that kind of money for the team?

 

If so wouldn't it be a no brainer to sell with TV contracts in question in the future (demise of ESPN, etc)? I'd think it's time to sell, sell sell if you are an owner of a sports franchise.

It's sort of a sleeping giant IMO. People are starting to be priced out of Wrigley Field. If the Cubs get their own station, some more will be priced of even watching on television. They will never be the Cubs, but they could close the gap in popularity.

 

If the White Sox start winning, things could pick up quickly thanks to the Cubs. They have made more Chicago area people interested in baseball.

Edited April 12, 2017 by Dick Allen

[southsider2k5]

If the Sox were sold tomorrow would they really get 1.35 billion for the team? I just can't imagine a baseball team regarded as one of the worst franchises (compared to the elitist Cubs who own the Second City) in the sport and a so-so stadium being worth that kind of money. I mean, if Jerry and the partners sold tomorrow would they get that kind of money for the team?

 

If so wouldn't it be a no brainer to sell with TV contracts in question in the future (demise of ESPN, etc)? I'd think it's time to sell, sell sell if you are an owner of a sports franchise.

 

Judging by the rumored Marlins price, the Sox would probably be somewhere in the 2 to 2.5 billion dollar range.

[tray]

" he flat out said he wanted the team sold after his death."

 

Jerry has never said that the team was for sale and has not threatened a sale since the old days. His sons and daughter have never said what they would do with the Sox and Bulls when Jerry passes away. They could very well decide to make it a family legacy, like the Halas family has decided to do with the Bears.

 

The value of the White Sox is in part dependent on the co-ownership of the Bulls, and vice-versa. Therefore, unless there is someone like a Mark Cuban who wants an MLB team and an NBA team, or to a Rocky Wirtz led group, the sale of either franchise on its own seems unlikely.

Edited April 12, 2017 by miracleon35th

[southsider2k5]

" he flat out said he wanted the team sold after his death."

 

Jerry has never said that the team was for sale and has not threatened a sale since the old days. His sons and daughter have never said what they would do with the Sox and Bulls when Jerry passes away. They could very well decide to make it a family legacy, like the Halas family has decided to do with the Bears.

 

The value of the White Sox is in part dependent on the co-ownership of the Bulls, and vice-versa. Therefore, unless there is someone like a Mark Cuban who wants an MLB team and an NBA team, or to a Rocky Wirtz led group, the sale of either franchise on its own seems unlikely.

 

Those are two separate ownership groups with very different make ups. The JR group owns almost all of the Bulls, while they own somewhere around a quarter of the White Sox. They aren't even the largest single share holder of the White Sox if nothing has changed recently.

 

And the absolute last person on the planet that JR would sell any team to would be Cuban. He HATES the guy, and has tried to block him at every single turn, including being the only vote against him buying the Mavs.

[ptatc]

Those are two separate ownership groups with very different make ups. The JR group owns almost all of the Bulls, while they own somewhere around a quarter of the White Sox. They aren't even the largest single share holder of the White Sox if nothing has changed recently.

 

And the absolute last person on the planet that JR would sell any team to would be Cuban. He HATES the guy, and has tried to block him at every single turn, including being the only vote against him buying the Mavs.

The one thing JR really hates is the "he who spends the most money wins." He has fought for years to make baseball a more level playing field. He would never condone Cuban getting a team.

[jenksycat]

It's sort of a sleeping giant IMO. People are starting to be priced out of Wrigley Field. If the Cubs get their own station, some more will be priced of even watching on television. They will never be the Cubs, but they could close the gap in popularity.

 

If the White Sox start winning, things could pick up quickly thanks to the Cubs. They have made more Chicago area people interested in baseball.

 

I don't see fans as being that fluid. The type of fan that would easily switch from being Cubs to Sox is the type of fan that goes to Wrigley because it's Wrigley, not because of the Cubs. Those people aren't going down to the G-Rate if Cubs price them out.