israel4ever Posted January 14, 2004 Share Posted January 14, 2004 Debartolo was not accepted due to his "mob" affiliations, and organized crime. It had nothing to do with he was going to spend to much money. Also, If Trump bought a team, I would suspect he would use it as an investment to promote his business, and put a good amount of money into the team. In his new show on TV, I wished I was on it to try and tell him he should buy the Sox, because they were one of the easiest ways to make a huge return on investment. SB At the time, DeBartolo was rejected as Sox owner because MLB didn't want "absentee ownership". I don't think Trump would be considered as such because of the property(ies) he is developing here! Please, please, please buy the Sox, Donald!!! Quote Link to comment Share on other sites More sharing options...
Gene Honda Civic Posted January 14, 2004 Share Posted January 14, 2004 Haven't chimed in on this subject yet because I was doing the research... Here are the most recent Franchise values for all the Major Sports MLB Franchise values --(as of 4/28/03) NFL Franchise Values -- (as of 8/29/03) Scroll down NHL Franchise Values -- (as of 12/08/03) NBA Franchise Value -- Scroll way down An old list from ESPN listing all the franchises together. The NBA one is the most telling... It says that JR bought the bulls in 85 for only $9MIL and today they are worth over $300MILL..There's no way jerry's selling. not when he could have already cashed in the bulls at over a 3000% return. Quote Link to comment Share on other sites More sharing options...
Soxbadger Posted January 14, 2004 Share Posted January 14, 2004 Its the Nets. Jay-Z was also looking into buying them, and had a NY firm look into it. Also Basketball teams according to Forbes are more profitable, not to mention they have a salary cap, meaning the league is stabilized. That being said, the Bulls were bought for $8mil, and are now worth $330mil. Youd think that Reinsdorf being the great businessman he thinks he is, would realize establishing a winning franchise in the end makes up for the small amount of money you might lose in the short term. Oh well SB Quote Link to comment Share on other sites More sharing options...
mac9001 Posted January 14, 2004 Share Posted January 14, 2004 I guarantee the Bulls would sell for a lot more than $330M, hell i bet JR could get like $500M if he decided to sell. Quote Link to comment Share on other sites More sharing options...
whitesoxin' Posted January 14, 2004 Share Posted January 14, 2004 He also has some other investments in NWI. alla the Boats. You beat me to it. He opened a brand new Trump Casino in Gary last year. Is the boat in Michigan City a Trump too? I'm not sure because I can't gamble. Quote Link to comment Share on other sites More sharing options...
bigred3535 Posted January 14, 2004 Share Posted January 14, 2004 Ok hold the phone. That White Sox value pages says that JR made about 35 million dollars of the team last year. What the f*** Jerry?! Put some of that money back into the team you cheap bastard. You probably couldn't spend that 30 million dollars in the rest of your lifetime anyway. Quote Link to comment Share on other sites More sharing options...
Chisoxfn Posted January 14, 2004 Share Posted January 14, 2004 What are the White sox value pages? If so, thats a pretty nice profit. Quote Link to comment Share on other sites More sharing options...
Gene Honda Civic Posted January 14, 2004 Share Posted January 14, 2004 Ok hold the phone. That White Sox value pages says that JR made about 35 million dollars of the team last year. What the f*** Jerry?! Put some of that money back into the team you cheap bastard. You probably couldn't spend that 30 million dollars in the rest of your lifetime anyway. Since not all figures are released, The forbes figures probably error on the high/profit side. The figurs are estimates based on public documents. So take everything for what its worth. Quote Link to comment Share on other sites More sharing options...
Gene Honda Civic Posted January 14, 2004 Share Posted January 14, 2004 Just watched these two videos from forbes... Video: New Ballparks Boost Team Valuations Video: Baseball Teams Network Their Way To Success The first one is interesting because... I don't think the parnership with US cellular, and thus stadium upgrades, was figured into the White Sox value. The second mentioned the white sox probably starting a network.. But that's already happened, in conjuction with the other chicago teams.. So that also increases the value/ hides revenue from the revenue sharing agreement. Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted January 15, 2004 Share Posted January 15, 2004 You beat me to it. He opened a brand new Trump Casino in Gary last year. Is the boat in Michigan City a Trump too? I'm not sure because I can't gamble. No it isn't. Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted January 15, 2004 Share Posted January 15, 2004 Since not all figures are released, The forbes figures probably error on the high/profit side. The figurs are estimates based on public documents. So take everything for what its worth. Forbes #'s are much more respectible IMO. This is a national business publication who's job it is to bring investors reliable #'s to base their investments on. The numbers that MLB releases are PR ploys used to attempt to get concessions from the players union. I know which seems the most believable to me. Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted January 15, 2004 Share Posted January 15, 2004 Yeah, Trump isn't gonna get into baseball to lose money. I'm not talking about wreckless spending. I am talking about investing in the team. It wouldn't take much of an increase in payroll to excite this town. Heck if he went out and signed the right name here and there, USCF would be full all of the time. I am telling you in this market, and with the underutilization of the White Sox brand name, they are a huge investment op, and simply a name like Trump would add 5000 people a night to attendance. Quote Link to comment Share on other sites More sharing options...
C.Rector Posted January 15, 2004 Share Posted January 15, 2004 Ok hold the phone. That White Sox value pages says that JR made about 35 million dollars of the team last year. What the f*** Jerry?! Put some of that money back into the team you cheap bastard. You probably couldn't spend that 30 million dollars in the rest of your lifetime anyway. That's a $35 Mil increase in the team's theoretical valuation only. Reinsdorf would only realize that kind of profit if he were to sell the team. Increases in team valuations do not do anything to increase the revenue that could be used to increase the payroll. Quote Link to comment Share on other sites More sharing options...
SoxFan562004 Posted January 15, 2004 Share Posted January 15, 2004 It would be WILD if Trump bought the Sox, but I'm 99% sure it's the Nets he's talking about, they were worth 218m in the NBA value article and with a year appreciation and some other people interested in them (Jay Z) that could easily put the Nets worth at 250m.... One glimmer of hope is that Reinsdorf is not the only owner, and if the small possibility exists that Trump is offering this much, I believe the other owners have enough % of ownership to make it happen Quote Link to comment Share on other sites More sharing options...
DBAHO Posted January 15, 2004 Share Posted January 15, 2004 I think he needs to get a new haircut 1st bf he can thinkin bout buyin a sports franchise. Quote Link to comment Share on other sites More sharing options...
Rex Hudler Posted January 15, 2004 Share Posted January 15, 2004 That's a $35 Mil increase in the team's theoretical valuation only. Reinsdorf would only realize that kind of profit if he were to sell the team. Increases in team valuations do not do anything to increase the revenue that could be used to increase the payroll. Call me stupid, but where is this $35 million figure located? I looked all through the Forbes pages and missed it. Can anyone provide a link? All I saw were valuations from after the 2000 and 2002 seasons. Quote Link to comment Share on other sites More sharing options...
Spiff Posted January 15, 2004 Share Posted January 15, 2004 If they were planning on selling the Sox at least that would explain the lack of spending. Quote Link to comment Share on other sites More sharing options...
mac9001 Posted January 15, 2004 Share Posted January 15, 2004 Call me stupid, but where is this $35 million figure located? I looked all through the Forbes pages and missed it. Can anyone provide a link? All I saw were valuations from after the 2000 and 2002 seasons. He's just pulling numbers out of his ass. No team in baseball makes a $30M profit. Quote Link to comment Share on other sites More sharing options...
YASNY Posted January 15, 2004 Share Posted January 15, 2004 Ok, it probably is the Nets, considering Trump's ties to Atlantic City. But, let's consider the big picture if Trump were to look at the Sox. First. And probaly foremost. The City of Chicago is STARVED for a World Series Championship. The team that brings it home first is going to be the Big Dog on the block. Inversting in this team, and bringing home a trophy, would make the value of the franchise skyrocket. More so, than the Cubs, because they sellout all the time anyway. The Sox are a potential gold mine to someone smart enough (you listening JR?) to properly invest in and market the team. Second. The area around USCF is already being upgraded. It's going to be a yuppie neighborhood in 5-10 years, from what I saw in May 2003. That means there be neighborhood bars, restaurants and the like opening up. Just investing in the area could be a windfall. Also, Spiff had a very good point. Maybe, just maybe, Trump has targeted the Sox. If he plans to keep them in Chicago, and go for the brass ring, I'm all for it. Quote Link to comment Share on other sites More sharing options...
Spiff Posted January 15, 2004 Share Posted January 15, 2004 Also, Spiff had a very good point. You know what they say about a blind squirrel etc Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted January 15, 2004 Share Posted January 15, 2004 He's just pulling numbers out of his ass. No team in baseball makes a $30M profit. Seriously. You guys are not believing Bud Selig and co's #'s over Forbes magazine are you? Quote Link to comment Share on other sites More sharing options...
Rex Hudler Posted January 15, 2004 Share Posted January 15, 2004 ss2k, where is the $35 million figure in Forbes? I looked everywhere on there and couldn't see anything to that effect. If it is in there, please show me a link. What I saw is the Sox had approximately $1.2 million in operating income before taxes interest and depreciation after the 2002 season. Quote Link to comment Share on other sites More sharing options...
Steff Posted January 15, 2004 Share Posted January 15, 2004 It would be WILD if Trump bought the Sox, but I'm 99% sure it's the Nets he's talking about, they were worth 218m in the NBA value article and with a year appreciation and some other people interested in them (Jay Z) that could easily put the Nets worth at 250m.... One glimmer of hope is that Reinsdorf is not the only owner, and if the small possibility exists that Trump is offering this much, I believe the other owners have enough % of ownership to make it happen Thought I heard Puff Daddy, Diddy.. whatever his name is.. was also looking into buying them..? Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted January 15, 2004 Share Posted January 15, 2004 ss2k, where is the $35 million figure in Forbes? I looked everywhere on there and couldn't see anything to that effect. If it is in there, please show me a link. What I saw is the Sox had approximately $1.2 million in operating income before taxes interest and depreciation after the 2002 season. I think that was the number the JR personally made, IIRC, not what the team made. Quote Link to comment Share on other sites More sharing options...
Rex Hudler Posted January 15, 2004 Share Posted January 15, 2004 I think that was the number the JR personally made, IIRC, not what the team made. Again, where was this information? I'd like to see it. Quote Link to comment Share on other sites More sharing options...
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