DODGERS The ongoing OWNERSHIP Thread

Frank ran the Dodgers like a business man like a venture capitalist who bought the company squeezed maximum personal profit out of then let the chips fall. Depending on what the team sells for he will probably of made more money personally then any two other owners in the league plus. That's the problem he ran it like a business man and not like the owner of a sports franchise.

 

What may or may not make a difference compared to Fox is if a new media owner hires established baseball people to run the franchise and not who was it Chase Carey?

 

I meant he would spend money like George did for him and Donnie would get what he needed at the trade dead line and in the off season.

 

True but Bud knows he needs to float a true big time franchise in LA. Revenue sharing is a problem without bringing in the big bucks and I need to do some research about what is happening with the Mets today.

 

http://www.forbes.com/sites/mikeozanian/2012/01/06/mets-hire-firm-that-helped-rangers-in-bankruptcy/

Without the Mets and Dodgers bringing in big revenue sharing bucks there is a real problem for Bud.

 

Add 2 more names to the list.

http://www.latimes.com/sports/la-sp-0107-dodgers-bidder-20120107,0,3996462.story

 

Both of those guys sound gay

 

^ More and more suitors being added. Would be great to see things become a bit more concrete in the next few weeks.

 

It'll have to because their initial bids are due in a few weeks. But the bidding is private and I'll bet most names won't surface and someone we haven't heard of will get the team. Jmo.

 

all business men are not scumbag lowlife carpetbaggering opportunists looking to fleece anyone for what they can get.
you make it sound like this is status quo.

 

suitors are gay. we need an owner. :rainbow:

 

Frank has a history of doing what he did with the Dodgers. It is a turnaround and sell style after reaping large profits. Mitt Romney made his money with Bain Capital that way. There is nothing wrong with it and it is not low life. The Dodgers were losing money under Fox and he purchased the team and will be selling it about 8 years later for about 3 times what he paid for it. Depending on what the team actually goes for he will along with Jamie have made 330-800 million from it with most of it profit since they put little cash up. Nothing wrong with that as a business model and a lot of companies are purchased as leveraged buyouts and turned around for a nifty profit and sometimes sold via bankruptcy down the road. It just usually isn't done as openly by sports franchises. What made this so open was the divorce. Other teams have been sold as being bankrupt most recently the Rangers. The Cubs were sold under considerable financial distress and went into bankruptcy to complete the sale for technical reasons. Will be interesting to see how the Mets play out as they teeter on the brink of bankruptcy. At least from a financial perspective Frank and Jamie made a lot of money from their business before going bankrupt. Some would say that incompetence is going bankrupt without making any money. Frank may have come close to tripling the value of the franchise in 8 years. Some in the financial world (not sports world) would consider that quite the accomplishment. Remember some of us look at this from both a business and fan perspective and others don't. Thus are different posts some times.

 

Thoughts from the financial community and this was back in April. If the team sells for how much? And has how many bidders compared to last time? Some might be impressed.
http://articles.businessinsider.com/2011-04-22/sports/29954251_1_forbes-com-mccourts-dodgers

Read more: http://articles.businessinsider.com/2011-04-22/sports/29954251_1_forbes-com-mccourts-dodgers#ixzz1im9uM0sM

 

Wow and if does go for 1.2 billion Frank will still be scum to many including me but he will also be recognized for his business acumen by many including me. Can yo imagine what the slope from 2010 to 2012 will look like if it does go for 1.2 billion? Even at 900 million it will still be steep and this is during a soured economy!

 

It's hard for me not to consider Frank's style of business anything but "low life". There are different ways to make money in business: one includes providing a strong and valuable product or service, and the other is to leach off your customers and run away. Frank is the leach type. You are correct in that he has done this before, but if Frank has business acumen it seems like it is in knowing bankruptcy law and such. The increase in value of the Dodger franchise was dumb luck. Sports franchise values have gone up across the board - likely due to the collapse of the economy and higher value being placed on the types of businesses that appear to be recession proof.

 

Part of Franks style is knowing bankruptcy law as it is with many in the business world. Like it or not it is a path practiced by many. Whether it be dumb luck or just the right place in time when all is said and done the bottom line for Frank and Jamie might be quite impressive. If my portfolio had performed as such since 2004 you could call it dumb luck as much as you want but it would be my reality. With all the names and now dollars being thrown about it may well end up that Frank and Jamie made one heck of a personal financial run with the Dodgers. I wonder for many of the perspective owners are considering their bottom line financially to be the most important consideration in buying the team? Frank bought the team with litte capital on his part and leveraged the improvements and resulting asset increase. it is now time for the sale and had it not been for the divorce we might have a different image of it all and not fully know the reality as we do. If the club goes for 800 billion that will be one thing, if it goes for 900 million that should cover the debt including the 131 million to Jamie. Add that to the 200 million they have already taken out of the team and that will be about 331 million for their combined take in 8 years. Now if all of these rich people go crazy and the bid does go to 1.2 billion that should be about another 300 million to their guaranteed take of 331 million or a take of 661 million on an investment that they anted up little for. Imagine if it goes for more than 1.2 billion with these crazy rich people competing just imagine and all in 8 years. That will also alter the bottom line of how the franchise performed under Frank because the appreciation in value will be very high and the profit likewise. It could be hard in hindsight to say he ran it in the ground. Only time will tell but hey once we get new owners and the season begins how many fans will even care about the McCourts and their profit.

 

For the 2010 season the Dodgers were ranked number 8 in teams showing the most appreciation that year.
http://www.businessinsider.com/forb...-3#los-angeles-dodgers-10-increase-in-value-1

Current Rank: 3rd (out of 32 MLB teams)
2011 value: $800 million
2010 value: $727 million

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Read more: http://www.businessinsider.com/forbes-mlb-team-valuations-2011-3#los-angeles-dodgers-10-increase-in-value-1#ixzz1inXjSPeJ​

Again hard to be critical of Frank for that when compared to other teams. Will be interesting to see what the final sale price to help put it all in perspective.

I am not trying to be the McCourt PR person but just trying to put info out there for ALL to use as they want or don't want.

 

Aghhh but that was profit he took that other owners have, but not been called out by MLB for doing so. It was all in the books and above board and not close to being embezzlement otherwise the criminal charges would have long since happened.