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Sox worth $1.76 B


southsider2k5

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1 hour ago, Joshua Strong said:

When the Sox go up for sale, it will truly be such a rare opportunity. Seldom is a MLB team in a major market like Chicago made available.

 

The Dodgers, Mets, and Cubs have sold since 2009. The Dodgers were also sold in 2004. The Angels are for sale right now. The Astros were sold in 2011. Do we need to keep going?

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  • 3 weeks later...
On 1/9/2023 at 4:44 PM, The Kids Can Play said:

All sports teams always are under valued until they are sold. The White Sox team will go for a lot more than 1.76 billion when it's eventually on the open market for sale. 

There are only 30 of these MLB teams and they aren't being sold very often. Once the Sox are for truly for sale, there will be many extremely rich billionaires who will covert owning a MLB team like the Sox, especially one in the third largest market. These rich billionaires will bid high and be willing and able to pay way over the valuation of the team. 

Unfortunately that day cannot come soon enough!

Be careful what you wish for. 

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On 1/26/2023 at 3:26 AM, NO!!MARY!!! said:

Be careful what you wish for. 

I don't need to be careful or worried. In fact I wish for a new owner more than ever now. It's kind of hilarious you would be even hint that new owner could be worse than the POS Reinsdorf.

If indeed you are supporting Reinsdorf and implying a new owner could possibly be worse than Reinsdorf, then you clearly have not been following closely the demise of this team.

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If they had invested the $20 million in a S&P 500 index fund in 1981and forgotten about it instead of buying the Sox they would have approximately $1.6 billion in that fund currently. And would have had greater liquidity and less hassle. Obviously we don't know how much the investors have kicked in since then and how much they may have pulled out, so it's not a perfect comparison. But from an investment standpoint, nothing spectacular which would lead me to believe profitability and cash flow is nothing dramatically above average.

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