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Post by cole on Jun 16, 2023 10:05:20 GMT -5
Even though the team was bad.
You finance guys need to explain to me how he can get a 3bil valuation increase on his stake of a $1.7bil team?
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Post by Admin on Jun 16, 2023 14:08:27 GMT -5
$3B is what the entire franchise is being valued at. Jordan is a majority owner (50% or more) meaning there are other minority owners that own a percentage of the team. So if Jordan owns 60% then his selling price would be about $1.8B ... that $1.7B estimate was a Forbes valuation set last year. But since then, due to new new broadcast contracts (that have raised team salary ceilings) valuations have popped not to mention foreign interest in investing in sports as the Arab takeover of the PGA by LIV. There are guys like the Red Sox owner buying up franchises ... Red Sox, Penguins, Liverpool FC, RFK Racing, NESN, Real Estate. Sports Conglomerates will either go public or eventually sell out to large investment groups like the PGA just did. Lots of pressure on the upside to any sports franchise that gets a regular stream of cash flow.
In other news: Morant suspended for 25 games (like 2 months!)
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Post by cole on Jun 16, 2023 18:49:01 GMT -5
$3B is what the entire franchise is being valued at. Jordan is a majority owner (50% or more) meaning there are other minority owners that own a percentage of the team. So if Jordan owns 60% then his selling price would be about $1.8B ... that $1.7B estimate was a Forbes valuation set last year. But since then, due to new new broadcast contracts (that have raised team salary ceilings) valuations have popped not to mention foreign interest in investing in sports as the Arab takeover of the PGA by LIV. There are guys like the Red Sox owner buying up franchises ... Red Sox, Penguins, Liverpool FC, RFK Racing, NESN, Real Estate. Sports Conglomerates will either go public or eventually sell out to large investment groups like the PGA just did. Lots of pressure on the upside to any sports franchise that gets a regular stream of cash flow.
In other news: Morant suspended for 25 games (like 2 months!)
If you look up the franchise value it's 1.7bil. I guess that number is wrong. |
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Post by Admin on Jun 16, 2023 18:58:42 GMT -5
$3B is what the entire franchise is being valued at. Jordan is a majority owner (50% or more) meaning there are other minority owners that own a percentage of the team. So if Jordan owns 60% then his selling price would be about $1.8B ... that $1.7B estimate was a Forbes valuation set last year. But since then, due to new new broadcast contracts (that have raised team salary ceilings) valuations have popped not to mention foreign interest in investing in sports as the Arab takeover of the PGA by LIV. There are guys like the Red Sox owner buying up franchises ... Red Sox, Penguins, Liverpool FC, RFK Racing, NESN, Real Estate. Sports Conglomerates will either go public or eventually sell out to large investment groups like the PGA just did. Lots of pressure on the upside to any sports franchise that gets a regular stream of cash flow.
In other news: Morant suspended for 25 games (like 2 months!)
If you look up the franchise value it's 1.7bil. I guess that number is wrong.
That was the estimated value by Forbes a year ago ...
From the link provied above:
Jordan assumed majority control of the Hornets back in 2010, completing a deal that was based on a reported valuation of $275MM. While it’s not clear yet what he’ll sell for, Forbes estimated last October that the franchise was worth $1.7 billion, and those projections often undershoot actual sale prices.
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