46DidIt Posted Tuesday at 08:24 PM Share Posted Tuesday at 08:24 PM In February, Jerry told Crain's that Michael “will have an obligation to do what’s best” for the other White Sox investors after he passes away. “That likely means putting the team up for sale,” Reinsdorf said. “The team will be worth more out of town.” uh what? Was this discussed here? I must have missed it. Seems like he is straight up saying they will be moved to me. Thought move talk was more speculative than that Quote Link to comment Share on other sites More sharing options...
caulfield12 Posted Tuesday at 08:27 PM Share Posted Tuesday at 08:27 PM 6 minutes ago, 46DidIt said: In February, Jerry told Crain's that Michael “will have an obligation to do what’s best” for the other White Sox investors after he passes away. “That likely means putting the team up for sale,” Reinsdorf said. “The team will be worth more out of town.” uh what? Was this discussed here? I must have missed it. Seems like he is straight up saying they will be moved to me. Thought move talk was more speculative than that Posturing...nobody took it at face value as anything but an attempt to extort public financing for a potential new stadium at 78. 1 Quote Link to comment Share on other sites More sharing options...
Dick Allen Posted Tuesday at 08:37 PM Share Posted Tuesday at 08:37 PM 16 minutes ago, 46DidIt said: In February, Jerry told Crain's that Michael “will have an obligation to do what’s best” for the other White Sox investors after he passes away. “That likely means putting the team up for sale,” Reinsdorf said. “The team will be worth more out of town.” uh what? Was this discussed here? I must have missed it. Seems like he is straight up saying they will be moved to me. Thought move talk was more speculative than that Why doesn't JR feel like HE has an obligation to do what's best for the other investors, unless running the team into the ground is for the best? 1 Quote Link to comment Share on other sites More sharing options...
WBWSF Posted Tuesday at 08:54 PM Share Posted Tuesday at 08:54 PM 19 minutes ago, Dick Allen said: Why doesn't JR feel like HE has an obligation to do what's best for the other investors, unless running the team into the ground is for the best? He has run the team into the ground but is making nothing but money for the investors with this low team payroll. Quote Link to comment Share on other sites More sharing options...
Lip Man 1 Posted Tuesday at 08:55 PM Author Share Posted Tuesday at 08:55 PM 20 minutes ago, Dick Allen said: Why doesn't JR feel like HE has an obligation to do what's best for the other investors, unless running the team into the ground is for the best? Maybe because despite running it in to the ground everyone is still making money and that's the bottom line to JR and MLB in general. Quote Link to comment Share on other sites More sharing options...
caulfield12 Posted Tuesday at 09:09 PM Share Posted Tuesday at 09:09 PM 15 minutes ago, Lip Man 1 said: Maybe because despite running it in to the ground everyone is still making money and that's the bottom line to JR and MLB in general. It won't be so funny to East and West coast teams/owners if at least three playoff teams come from the AL Central again due to head to head massacres of the Sox. Quote Link to comment Share on other sites More sharing options...
Dick Allen Posted Tuesday at 09:18 PM Share Posted Tuesday at 09:18 PM 26 minutes ago, WBWSF said: He has run the team into the ground but is making nothing but money for the investors with this low team payroll. He had the highest payroll in the division in 2024 when he set the record for losses. Quote Link to comment Share on other sites More sharing options...
46DidIt Posted Tuesday at 09:51 PM Share Posted Tuesday at 09:51 PM 1 hour ago, Dick Allen said: Why doesn't JR feel like HE has an obligation to do what's best for the other investors, unless running the team into the ground is for the best? How the hell would I know Quote Link to comment Share on other sites More sharing options...
PaleAleSox Posted Tuesday at 10:04 PM Share Posted Tuesday at 10:04 PM 49 minutes ago, Dick Allen said: He had the highest payroll in the division in 2024 when he set the record for losses. It was incredibly bad money. Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted Tuesday at 10:31 PM Share Posted Tuesday at 10:31 PM 6 hours ago, caulfield12 said: Well, it only takes ONE buyer. But a healthy competition would drive the price higher...that said, looking at it fr a Buffett value investing standpoint, it's about as undervalued an asset as you will ever find for a franchise in a US major media market. Remember, the RSN bubble officially blew up two years ago in the majors...except for those top 6-8 teams, it has pretty much been a blood bath. That said....the stock market has jumped 30-40% higher the past couple of years, Bitcoin, Nvidia, etc. A great example was the Mets. They overbid their market value by somewhere around $500 million, and yet today they are worth ANOTHER $500 million over that inflated number. Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted Tuesday at 10:35 PM Share Posted Tuesday at 10:35 PM 2 hours ago, 46DidIt said: In February, Jerry told Crain's that Michael “will have an obligation to do what’s best” for the other White Sox investors after he passes away. “That likely means putting the team up for sale,” Reinsdorf said. “The team will be worth more out of town.” uh what? Was this discussed here? I must have missed it. Seems like he is straight up saying they will be moved to me. Thought move talk was more speculative than that Ad naseum. Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted Tuesday at 10:36 PM Share Posted Tuesday at 10:36 PM 4 hours ago, BrittBurnsFan said: And Jerry has cleared the organization of major financial commitments that any potential buyer would have to consider. Not saying he is doing this on purpose...but think if the Dodgers were put up for sale with their payroll structure at the moment. One would have to take a long hard look at the financial obligations just in terms of player pay. This situation sucks for fans, sadly Jerry seems to be creating an opportunity for a new owner to have as clean of a start as possible. Again, not suggesting he is doing this on purpose. It is a great point that the White Sox effectively have zero debt on their books. 1 Quote Link to comment Share on other sites More sharing options...
Harold's Leg Lift Posted Tuesday at 10:37 PM Share Posted Tuesday at 10:37 PM Quote The SPV, led by Michael and Jonathan Reinsdorf, was aimed at giving the family a bigger stake in the team by buying out some members of Chicago White Sox Ltd. It’s unclear how many new LPs were involved in the SPV beyond the Ishbias. Crain’s reported at the time that Jerry was not involved in the venture, citing a letter distributed to the MLB team’s investors. It remains to be seen whether the SPV’s involvement makes it more likely that the Reinsdorfs keep the team once Jerry is no longer involved. Quote Link to comment Share on other sites More sharing options...
46DidIt Posted yesterday at 12:23 AM Share Posted yesterday at 12:23 AM 1 hour ago, southsider2k5 said: Ad naseum. This reminds me. I have never located a forum search function. Am I missing something? Otherwise, I could have answered my own question above Quote Link to comment Share on other sites More sharing options...
WestEddy Posted yesterday at 12:24 AM Share Posted yesterday at 12:24 AM 4 minutes ago, 46DidIt said: This reminds me. I have never located a forum search function. Am I missing something? Otherwise, I could have answered my own question above Top right, there's a search box. I've never mastered it, and get frustrated pretty quickly. Quote Link to comment Share on other sites More sharing options...
Stinky Stanky Posted yesterday at 12:45 AM Share Posted yesterday at 12:45 AM 2 hours ago, PaleAleSox said: It was incredibly bad money. It ain't what you spend, it's how you spend. Say, does Jerry have a god-given ability to say the wrong thing at the wrong time in the wrong way or what? Has needed a media consultant for 40+ years. And a roll of duct tape for his mouth. 1 Quote Link to comment Share on other sites More sharing options...
caulfield12 Posted yesterday at 02:19 AM Share Posted yesterday at 02:19 AM If the Dodgers are going to corner 75% of the Japanese market, why don't the White Sox intentionally target South Korea or Taiwan? Obviously there's HaSeong Kim dangling out there...just feels like making the White Sox the "Team of Korea" or "Team of Taiwan" would pay off a lot more than not having ANY identity. Probably would have to compete with the Giants, who signed Woo for CF last year and then they're closer time zone wise/flight-distance. Maybe some Korean relievers/pitchers or infielders/outfielders (Dodgers just signed a SS/2B, another Kim). Seems there's more marketing possibilities than anything the Sox can do inside the city of Chicago the next year or two...not that you can't have both. The Cuban Connection never really had a tangible payoff in terms of revenue derived from that country (tv/satellite subscriptions, merchandise/souvenirs, sponsorships, etc.) Or even Puerto Rico...? Just seems like they can piggyback off what LAD are doing in Japan on a much smaller scale with Korean and/or Taiwanese players. Quote Link to comment Share on other sites More sharing options...
JUSTgottaBELIEVE Posted yesterday at 03:38 AM Share Posted yesterday at 03:38 AM 12 hours ago, southsider2k5 said: Judging by the extreme premiums happening for franchise purchases vs Forbes valuations in recent years, I would posit a sale price more like 3 billion versus 1.5. What extreme premiums are you referring to? Did the Orioles sell at a huge premium? Quote Link to comment Share on other sites More sharing options...
Chicago White Sox Posted yesterday at 03:45 AM Share Posted yesterday at 03:45 AM 5 hours ago, Harold's Leg Lift said: @fathom - Please decipher brother Quote Link to comment Share on other sites More sharing options...
Chicago White Sox Posted yesterday at 03:46 AM Share Posted yesterday at 03:46 AM 11 minutes ago, JUSTgottaBELIEVE said: What extreme premiums are you referring to? Did the Orioles sell at a huge premium? Baltimore is a tiny, dying city Quote Link to comment Share on other sites More sharing options...
JUSTgottaBELIEVE Posted yesterday at 03:58 AM Share Posted yesterday at 03:58 AM (edited) 16 minutes ago, Chicago White Sox said: Baltimore is a tiny, dying city And Cohen bought the Mets for the exact 2020 Forbes valuation so I don’t understand this concept of extreme premiums being paid for mlb franchises. It’s made up. Edited yesterday at 03:59 AM by JUSTgottaBELIEVE Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted 14 hours ago Share Posted 14 hours ago 10 hours ago, JUSTgottaBELIEVE said: What extreme premiums are you referring to? Did the Orioles sell at a huge premium? OK buddy. Instead of you wasting a bunch more of my time again, if they sell for $1.5 billion in the future, you come back and keep that anger strong. Bookmark this post and keep dwelling on it. Quote Link to comment Share on other sites More sharing options...
WhiteSox2023 Posted 12 hours ago Share Posted 12 hours ago 12 hours ago, JUSTgottaBELIEVE said: And Cohen bought the Mets for the exact 2020 Forbes valuation so I don’t understand this concept of extreme premiums being paid for mlb franchises. It’s made up. I looked it up and was surprised. I always thought that teams usually sold for more than their Forbes valuation. Forbes had the Orioles’ valuation at $1.713 billion in 2023. The Orioles were sold for $1.725 million in March 2024. Quote Link to comment Share on other sites More sharing options...
JUSTgottaBELIEVE Posted 8 hours ago Share Posted 8 hours ago 6 hours ago, southsider2k5 said: OK buddy. Instead of you wasting a bunch more of my time again, if they sell for $1.5 billion in the future, you come back and keep that anger strong. Bookmark this post and keep dwelling on it. That’s one way of saying you were wrong about your “extreme premiums” statement.. Quote Link to comment Share on other sites More sharing options...
JUSTgottaBELIEVE Posted 8 hours ago Share Posted 8 hours ago 3 hours ago, WhiteSox2023 said: I looked it up and was surprised. I always thought that teams usually sold for more than their Forbes valuation. Forbes had the Orioles’ valuation at $1.713 billion in 2023. The Orioles were sold for $1.725 million in March 2024. Yep, they’ve been spot on with the most recent sales Quote Link to comment Share on other sites More sharing options...
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