I must admit, this deal is very alluring. There is a scarcity value here, alongside the intrinsic value of a legendary sports franchise, that makes the 1% stake at $24 million attractive.
For the purposes of the sale, Club 9 values the team at $3 billion, then applies a 20 percent discount that acknowledges the limited influence of minority owners. “Paying anything below $24MM for a 1% stake is a good value in our view, especially considering this is the most valuable, most iconic and most recognized sports team in North America.”
Unfortunately, I hate the Yankees and hope their new stadium gets infested with locusts for opening day. Nevertheless, for wealthy Yankee fans, this is literally a once in a lifetime opportunity to own a piece of the franchise.
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Considering what stupid ass ballmer paid for the clippers, this is a great deal…If I was wealthy enough I would be #1 in line.
board the ark
Hedgefund billionaires line forms to the right. Other billionaires to the left, please.
Does it come with a season ticket?
Does it come with a bodyguard for protection when arriving for games through the Bronx?
terrible deal. the sports bubble will pop soon.
these valuations are based on TV money deals. Risk is to the downside if/when the cable bundle bubble pops.
The Red Sox still suck. Like the Mets these days, tho.