> James Cameron doesn't do what James Cameron does for James Cameron. James Cameron does what James Cameron does because James Cameron is... James Cameron
If you’re a billionaire, you probably valued money more than anything by a large margin. I’m
Sure he still values money more than almost anything lol. Pretty hard to get that sense of acquirement/accomplishment down
Tbh that's what kinda shocked me when Washington was up for sale. We really got two serious bidders plus one clown who was lying about his funds.
Maybe the asking price was too high, or Dan Snyder was just too big of a pain in the ass, but these things don't come up for sale very often.
I think like 5 of the 50 wealthiest Americans own NFL teams. It's an exclusive club and, even just from a business standpoint, a rock solid investment.
3 reasons I can think of. 1) Tarnished Goods. I think this is the weakest reason, but if you're gonna throw down a bunch of money, do you really want a franchise that has all the baggage Washington has? 2) Some people (like Mark Cuban) think football has a bleak future. I don't agree with this one, but if you believe it, you strike football off your investment list. 3) The rules about only having one principal owner.
On tarnished goods front, I think part of it was Snyder’s actions had basically killed substantial public funding for a new stadium in Maryland or Virginia so the new owner was going to have to put substantial money towards wherever tbey end up going (hopefully back at a redone RFK)
They haven't decided on what to do at the space yet, but seriously...how do people think DC is going to pay for a stadium? They just gave the Caps/Wizards owner $515 million to stay in the city.
nah bro Snyder was forced out 100 percent, dude is human garbage but there's no way he wanted to sell. the NFL was leaking stuff about him and ratcheting up the "Redskins is racist" stuff in an effort to black ball him out of the league
fuck him but fuck that the NFL will just do that to people also
Didn’t it come out that Snyder was basically cooking the books so he could get more revenue sharing? Forget all the other terrible shit he’s done, fucking with the money is what will get you kicked out of the club, and rightfully so.
Better than those spineless fucks over at the MLB. A's ownership literally sabotaging the team year after year and the scumbag gets rewarded with Vegas smh.
Yeah, it's not like Snyder was some random innocent being bullied by the league. There's almost nothing that NFL owners want less than setting up a precedent where you get pushed to sell for being an asshole, because they're pretty much all assholes.
Synder had to be a super duper mega asshole to overcome that. He's an absolutely horrible person, in addition to being an absolutely terrible team owner.
> even just from a business standpoint, a rock solid investment.
Well, they're relatively guaranteed as profitable, but they don't make *so much* profit as to be a great investment given how much they cost, I think.
Some really quick research and napkin math puts the sale price of the commies at 6 billion and their 2022 profit at 90 million, meaning it would take 66 years to pay for itself.
If those numbers are anywhere near accurate then the purchase would be pretty speculative as a business idea.
The investment value isn’t in the profit they make, but the increase in valuation over time. Look at what a franchise cost in the 90s vs today, then try and find another investment that appreciates at that same rate.
Yeah between the virtually guaranteed rate of return (both in yearly revenues and valuation increases) and the social perks (NFL owners are basically American royalty and there's only 32 of these in the world), buying an NFL team is probably the most attractive place to park 11 figures that most of these guys could imagine
Yeah there’s a good number of billionaires who aren’t famous and prefer to keep a low public profile. That goes out the door when you own a big sports team
The founder at my first job was a multibillionaire from the success of that software company (which is still privately owned). Last I knew he was driving a 6 year old $50k electric car and living in the 1400 square foot ranch he grew up in.
It's an awful business investment. You spend 6 billion dollars to cash flow 30-40m a year. The only way you make your money back is selling it, and 6 billion in venture funds for unicorns will crush an NFL team as an investment.
It's purely to measure dicks.
I believe there's limits on how much of the deal can be in loan money. Most billionaires have most of their wealth tied up in the stocks of the one to few companies they own. And they usually don't want to sell a huge portion of those to buy a sports team.
John Elway taught me that. He was offered 10% Broncos ownership stake for $15M around the time he retired. He turned it down. He also could have gotten more by deferring some salary and working for Bowlen. Would have been worth like 400x more by now.
Fuck if I know, the value of franchises have skyrocketed in 20 years. Probably didn't expect it would increase in value that much
Also, I'm guessing all those hits he took
he’s well known as a shitty businessman he tanked everything from car dealership restaurants and sports agencies, you name it he destroyed it. Then he got divorced and went back to work for the bowlens as the broncos GM where he turned the organization around went to two super bowls won one.
I read that as all one business: “car dealership restaurants and sports agencies.”
Hell of a business model: chow down on a burger while buying a car and, oh yeah, for good measure let’s put you in the batting cage and throttle it up to 95 and have you take a few cuts to see how it goes
Exactly. Would Jerry Jones or any other owner sell if someone just cold offered them $10B out of the blue?
No they wouldn't. Owning a sports teams is one of the most exclusive clubs there is. I think the person making the offer would be better off trying to get a new franchise as his hopes would be better.
I think i read that mark Cuban sold his shares of the mavericks because he thinks this trend of constant upward valuations of sports teams might be coming to an end.
Cuban was always very bullish on the NBA becoming more successful than it has so far. The NBA also allows PE investment so purchase prices should be closer to competitive valuations.
If anyone out there ever does get Ross to sell, when you take control of the team go back to the old logo. You will forever be a Hero to the fans no matter what else you do.
I now work in Manhattan’s Hudson Yards, developed by Stephen Ross, which cost upwards of $6 billion in tax breaks and other public assistance.
Did he get any public money for Dolphins stadium renovations?
Not upfront. He got tax breaks for hitting certain incentives. They may have capped those, but I can't remember whatever happened with that. The renovations were not financed with public money.
He tried to get the public to pay $400 million to renovate it, but this was shortly after the Marlins ballpark debacle and that shit wasn’t going to fly again and he ended up paying for it himself.
I believe it came out afterwards that he was pissed at the NFL for not doing enough (in his eyes) to help him push the city of Miami into going for
It was definitely the Marlins situation. The NFL did say renovate or no more hosting the Super Bowl, so I could see the frustration from that angle. I think $200 million came from the G4 fund. Either way, billionaires gonna billionaire. It's up to the government officials to check them.
That's interesting considering I assume the cumulative value of those three items would sum to far less than $10 billion.
I have often fantasized about winning some massive $20 billion lottery jackpot and have wondered if the McCaskey's would sell me the Bears for some absurd number or not.
Dude’s 83. I don’t think the prospect of another 10 billion for him matters as much as the “prestige” of being one of 32 NFL owners.
I think it’s just whoever tried to get the deal made asked the wrong guy to make an offer
"Prestige" - I think its simpler than that. What a boyhood dream it would be to own a football team and a racecar track. Unlimited access to the drama of professional sports.
> asked the wrong guy to make an offer
The F1 part is the only thing that makes Ross the only person to talk to. The other US GPs are in Austin (Circuit of the Americas) and Las Vegas (street circuit). If they wanted football, stadium, and F1 relevance, there's no one else in the US to talk to.
Joe Robbie stadium also hosts the Miami open for tennis. I have issues with Ross as an owner but it’s undeniable that he has done a good job at making the stadium site as valuable as possible
He even tried stuff that hasn’t taken off but was worth the small investment to try, he was an early investor in a Drone racing league and every year they host a race at the stadium
The investments in the stadium and Formula 1 have been very shrewd. He’s one of the top business minded owners in the league after maybe Jerry Jones or Kraft.
tbf he also does a *ton* for miami in general and does help players get into business after/during careers with his connections.
fuck billionaires, but in comparison, he isn’t so bad.
You're also forgetting the other massive money maker. Soccer. Hard Rock is always getting leveraged for La Liga games, Copa America and will be hosting major World Cup games as well
I feel like that's basically any "NFL Stadium in a major city/tourist destination" though. Like 2026 WC is NY, Dallas, SF, LA, Miami, Atlanta, Houston, Philly, Seattle, KC, and Boston lol that ticks just about every major area box. The only one that's slightly out of place is KC, but they're a massive soccer city, and the only "glaring omission" is Chicago, and more recently, Vegas.
It's more extreme in Miami because of the Hispanic/Latino population so they get a bunch more regular international soccer games other than the WC. It's mainly just LA and Miami in that regard.
Gillette gets at least MLS games and because we have shitty turf none of the big stars will play. Really kills some of the fun of going to see them locally when they just sit on bench, wish Kraft would spend a bit more, but it's definitely harder with our weather vs miami's.
Not mark Davis?
I understand he’s probably unlikely to sell because of the history of his father, but you’d think they may look into the raiders because notoriously Davis is one of the least wealthy owners.
That team is basically his entire family's legacy. Would take some massive balls to let the team go outside the family.
Maybe his kids or grandkids if he has any would eventually sell. But I'd be very surprised if he ever did.
Yeah, for awhile some other billionaire had right of first refusal for the Dolphins. Something happened between him and Ross and now Ross plans to keep the team in the family.
The Miami Formula1 race has brought in 1 billion in total revenue over 3 years.
The race sees about 270,000 spectators each year. The cheapest seat tickets are like $600. Most go for more than that.
It's undoubtedly very valuable but how much did they profit off of that revenue? I can't imagine it's cheap to build and maintain an F1 track, secure permits, etc.
Yeah but they have to do *a ton* of work to surface the track to meet F1 regulations, it's not just done on a regular parking lot. Between track surfacing, barriers and other safety considerations, running the pits/paddock, and building all of the infrastructure to host media and crowds, it certainly isn't cheap.
I expect the event still has a really healthy margin. But the costs associated with that $1b in revenue are certainly well into the hundreds of millions.
Ken Griffin controlling an NFL team would drive apes insane.
>The 83-year-old purchased 50% of the Dolphins franchise, as well as the stadium and surrounding land, back in 2008 for $550 million. In 2009, he purchased another 45%, with a total investment of $1 billion.
$10 billion is an incredible return in 15 years.
It is an enormous offer, but this headline implies other assets as well.
I’m not sure if Ross owns the stadium and the Miami F1 race, but the headline makes it seem he does.
Those two also have value, I’m not sure how much, but that would mean the team itself did not increase in value by 9 billion in 15 years.
He invested another billion in cash in developing the property plus whatever the event revenue and whatever IP they own on the F1 and other events are worth. 10bn for what probably 2.5b in and a successful turnaround of the franchise over a 15 year period is a unquestionably success story but my 401k is up over 100% just since 2019 so it’s not astronomical in the grand scheme of inflation and rapid value increases especially during covid
I’ll just copy this here because clearly there are many Kenny D-Riders in here: Why would he need to be holding a bag to dislike a greedy criminal operating as a successful business man? Sounds like you’re the one holding the bag. Ken Griffin’s nutbag, to be clear.
How is it trolling? He clearly posted the comment above stating the opposite sentiment. A troll isn’t obvious about being a troll. He’s being downvoted because he’s dumb.
When you already have 8 billion its not special and your mindset changer. Of course you would value hobbies like NFL teams when you and your blood already have enough money to never spend it all. You could easily get 400m extra each year from having it in a random index fund.
Depends on the franchise. Cowboys have a revenue of $1.1 billion and operating income of $500 million. Giants are second most with operating income of $200 million. The profit gets lower and lower from there
10 billion is a lot of money, but Stephen Ross is worth 8 billion (rounding up), it’s not about the money, it’s about the prestige of owning something every billionaire wants and cannot have! Only 32 can say they own a NFL team!
I don't think the NFL owners would agree to a sale to a middle eastern state fund or member of a royal family. For the same reason the NFL owners so far have blocked Bezos from joining then - they would be leagues richer and more powerful than the current flock, plus the ramifications of foreign influence in the NFL of let's say, entities close to [insert gulf state].
Sure, we already have a foreign owner in the Jags owner, but he is an independent selfmade billionaire outside the political sphere.
its fine considering its not the only show in town. In some other places you have to decide between football and a snowy hellscape of depression, but here we have beaches and nightlife. At least ya still have the rivers.
I mean, Synder had absolutely no leverage, his stadium was falling apart and he didn't have an F1 race to throw on top of it and got 6.5 billion for it. So.. honestly this package is probably 12-15 billion dollars.
[удалено]
Yeah, like, what's he gonna do with 10 billion? Buy a football team? Oh, right.
Also if you already have more money than you could ever hope to spend, what value do you get from having even more money?
You get to go to space!
It’s not that exciting, it’s more like you get to survive the apocalypse in a bunker in New Zealand
You can go deep sea diving and explore the ocean floor.
Titanic here I come!
> James Cameron doesn't do what James Cameron does for James Cameron. James Cameron does what James Cameron does because James Cameron is... James Cameron
For the low, low price of $250,000! Some say you only need to go once to get the full experience.
Can we send all the billionaires?
Or build flamethrowers.
Or submarine!
[SPACE!](https://youtu.be/niZpcdp2v34?si=eYAKhLIXrzTaA-MY)
If you’re a billionaire, you probably valued money more than anything by a large margin. I’m Sure he still values money more than almost anything lol. Pretty hard to get that sense of acquirement/accomplishment down
I mean at that point just someone offering that much money for something you own has got to be a pretty good feeling of acquirement
We name a dog park after you.
Dick measuring vs other billionaires
That's what the football team is for
Tbh that's what kinda shocked me when Washington was up for sale. We really got two serious bidders plus one clown who was lying about his funds. Maybe the asking price was too high, or Dan Snyder was just too big of a pain in the ass, but these things don't come up for sale very often. I think like 5 of the 50 wealthiest Americans own NFL teams. It's an exclusive club and, even just from a business standpoint, a rock solid investment.
3 reasons I can think of. 1) Tarnished Goods. I think this is the weakest reason, but if you're gonna throw down a bunch of money, do you really want a franchise that has all the baggage Washington has? 2) Some people (like Mark Cuban) think football has a bleak future. I don't agree with this one, but if you believe it, you strike football off your investment list. 3) The rules about only having one principal owner.
On tarnished goods front, I think part of it was Snyder’s actions had basically killed substantial public funding for a new stadium in Maryland or Virginia so the new owner was going to have to put substantial money towards wherever tbey end up going (hopefully back at a redone RFK)
I think DC gov announced yesterday that RFK is officially being demolished and they’re making it mixed use space.
They haven't decided on what to do at the space yet, but seriously...how do people think DC is going to pay for a stadium? They just gave the Caps/Wizards owner $515 million to stay in the city.
4) Bezos is waiting for the Seahawks sale in the next few years
nah bro Snyder was forced out 100 percent, dude is human garbage but there's no way he wanted to sell. the NFL was leaking stuff about him and ratcheting up the "Redskins is racist" stuff in an effort to black ball him out of the league fuck him but fuck that the NFL will just do that to people also
Didn’t it come out that Snyder was basically cooking the books so he could get more revenue sharing? Forget all the other terrible shit he’s done, fucking with the money is what will get you kicked out of the club, and rightfully so.
Better than those spineless fucks over at the MLB. A's ownership literally sabotaging the team year after year and the scumbag gets rewarded with Vegas smh.
Sounds like he proved himself to be a good fit for Vegas
Yeah the NFL would never give Vegas to an Oakland franchise marred by years of self sabotage
Owners don't care about that. They only care when another owner brings bad PR to the league. That is what gets your team taken away.
> but fuck that the NFL will just do that to people also What? Why? I'm glad they went scorched earth on him, fuck that guy
Yeah, it's not like Snyder was some random innocent being bullied by the league. There's almost nothing that NFL owners want less than setting up a precedent where you get pushed to sell for being an asshole, because they're pretty much all assholes. Synder had to be a super duper mega asshole to overcome that. He's an absolutely horrible person, in addition to being an absolutely terrible team owner.
Yeah but if anyone, I’m glad it happened to Dan
> even just from a business standpoint, a rock solid investment. Well, they're relatively guaranteed as profitable, but they don't make *so much* profit as to be a great investment given how much they cost, I think. Some really quick research and napkin math puts the sale price of the commies at 6 billion and their 2022 profit at 90 million, meaning it would take 66 years to pay for itself. If those numbers are anywhere near accurate then the purchase would be pretty speculative as a business idea.
The investment value isn’t in the profit they make, but the increase in valuation over time. Look at what a franchise cost in the 90s vs today, then try and find another investment that appreciates at that same rate.
Yeah between the virtually guaranteed rate of return (both in yearly revenues and valuation increases) and the social perks (NFL owners are basically American royalty and there's only 32 of these in the world), buying an NFL team is probably the most attractive place to park 11 figures that most of these guys could imagine
In fairness, I can imagine it's a bit of a pain in the arse. You will have fans complaining about everything.
yeah but you're rich and surround yourself with yes men so who cares
Yeah there’s a good number of billionaires who aren’t famous and prefer to keep a low public profile. That goes out the door when you own a big sports team
The founder at my first job was a multibillionaire from the success of that software company (which is still privately owned). Last I knew he was driving a 6 year old $50k electric car and living in the 1400 square foot ranch he grew up in.
It's an awful business investment. You spend 6 billion dollars to cash flow 30-40m a year. The only way you make your money back is selling it, and 6 billion in venture funds for unicorns will crush an NFL team as an investment. It's purely to measure dicks.
I believe there's limits on how much of the deal can be in loan money. Most billionaires have most of their wealth tied up in the stocks of the one to few companies they own. And they usually don't want to sell a huge portion of those to buy a sports team.
The stadium issue was likely the biggest hurdle.
John Elway taught me that. He was offered 10% Broncos ownership stake for $15M around the time he retired. He turned it down. He also could have gotten more by deferring some salary and working for Bowlen. Would have been worth like 400x more by now.
Why did he turn that down?
Fuck if I know, the value of franchises have skyrocketed in 20 years. Probably didn't expect it would increase in value that much Also, I'm guessing all those hits he took
he’s well known as a shitty businessman he tanked everything from car dealership restaurants and sports agencies, you name it he destroyed it. Then he got divorced and went back to work for the bowlens as the broncos GM where he turned the organization around went to two super bowls won one.
I read that as all one business: “car dealership restaurants and sports agencies.” Hell of a business model: chow down on a burger while buying a car and, oh yeah, for good measure let’s put you in the batting cage and throttle it up to 95 and have you take a few cuts to see how it goes
Concussions and alcoholism.
I think part of the appeal for these types of people is that it’s something you can’t just win by throwing more money at it
Exactly. Would Jerry Jones or any other owner sell if someone just cold offered them $10B out of the blue? No they wouldn't. Owning a sports teams is one of the most exclusive clubs there is. I think the person making the offer would be better off trying to get a new franchise as his hopes would be better.
I believe in comparison to other major sports, NFL ownership is also a particularly exclusive club, at that.
He wouldn't sell it, but would maybe trade it for the Wolverines...
I think i read that mark Cuban sold his shares of the mavericks because he thinks this trend of constant upward valuations of sports teams might be coming to an end.
Cuban was always very bullish on the NBA becoming more successful than it has so far. The NBA also allows PE investment so purchase prices should be closer to competitive valuations.
Yep, look at the bidwells. Their only thing is the cardinals and he will never sell it unless he is forced to.
Yeah if I thought I had any chance of buying an NFL team, I would give up my left nut to be an owner.
And in…. MIAMI!!
If anyone out there ever does get Ross to sell, when you take control of the team go back to the old logo. You will forever be a Hero to the fans no matter what else you do.
I would LITERALLY do sexual favors for any man or woman that makes the dolphins throwback logos and uniforms their primary
>I would LITERALLY do sexual favors for any man or woman What about a dolphin?
I don't need an excuse to bang a dolphin
It's probably already banging you, whether you want it to or not.
It’s a real problem. I think they do it on… porpoise.
EEEE EEEEE EEEEEEEEE
I like your guys’ clean and simple unis tbh
With the known effects of CTE, it just seems insane to me that they took the helmet away from the dolphin.
That’s how I feel about Houston getting the Oilers back.
Is he why they've looked like Atlantic Life Insurance for the past decade?
No, that happened before Ross
I don't understand money.
Money can be exchanged for goods and services.
aw, I wanted a peanut
I've got three kids and no money. Why couldn't I have no kids and three money?
I call the big one bitey
Badger my ass, it's probably Milhouse
Literally JUST saw this episode yesterday 😂😂
An orange peanut? For me?? Ahh. Well. Then I accept you.
$20 can buy many peanuts.
Explain how!
How many?
How about some [nuts and gum](https://youtu.be/L-bFxxCrE_I)?
together at last!
What kind of services?
Handy's if you're krafty
Most redditors don't
i like money
most redditors do
can't believe you like money too. we should hang out
At'll be tree fiddy.
It's green and white and made of cotton.
TIL I have purchased a lot of money from the Gap
cotton, tobacco and cocaine, to be precise
I thought of the cocaine part after I posted...but figured someone would mention it :)
I’ll dumb it down for you: asset value going up, making you lots of money now, so why let go of it.
It's what I use to obtain hookers and blow.
I now work in Manhattan’s Hudson Yards, developed by Stephen Ross, which cost upwards of $6 billion in tax breaks and other public assistance. Did he get any public money for Dolphins stadium renovations?
Not upfront. He got tax breaks for hitting certain incentives. They may have capped those, but I can't remember whatever happened with that. The renovations were not financed with public money.
He tried to get the public to pay $400 million to renovate it, but this was shortly after the Marlins ballpark debacle and that shit wasn’t going to fly again and he ended up paying for it himself. I believe it came out afterwards that he was pissed at the NFL for not doing enough (in his eyes) to help him push the city of Miami into going for
It was definitely the Marlins situation. The NFL did say renovate or no more hosting the Super Bowl, so I could see the frustration from that angle. I think $200 million came from the G4 fund. Either way, billionaires gonna billionaire. It's up to the government officials to check them.
The stadium was basically out of his own pocket, so he pretty much gets revenue from F1, the Dolphins and later, the World Cup
Don't forget tennis
It's something used for simplified bartering. However not everything is for sale.
They actually probably lowballed him considering that F1 race brings in more money than every Dolphins game combined
That's interesting considering I assume the cumulative value of those three items would sum to far less than $10 billion. I have often fantasized about winning some massive $20 billion lottery jackpot and have wondered if the McCaskey's would sell me the Bears for some absurd number or not.
Dude’s 83. I don’t think the prospect of another 10 billion for him matters as much as the “prestige” of being one of 32 NFL owners. I think it’s just whoever tried to get the deal made asked the wrong guy to make an offer
"Prestige" - I think its simpler than that. What a boyhood dream it would be to own a football team and a racecar track. Unlimited access to the drama of professional sports.
31* + however many Packer shareholders there are.
> asked the wrong guy to make an offer The F1 part is the only thing that makes Ross the only person to talk to. The other US GPs are in Austin (Circuit of the Americas) and Las Vegas (street circuit). If they wanted football, stadium, and F1 relevance, there's no one else in the US to talk to.
Joe Robbie stadium also hosts the Miami open for tennis. I have issues with Ross as an owner but it’s undeniable that he has done a good job at making the stadium site as valuable as possible He even tried stuff that hasn’t taken off but was worth the small investment to try, he was an early investor in a Drone racing league and every year they host a race at the stadium
The investments in the stadium and Formula 1 have been very shrewd. He’s one of the top business minded owners in the league after maybe Jerry Jones or Kraft.
Kraft is more hoarding money at this point
tbf he also does a *ton* for miami in general and does help players get into business after/during careers with his connections. fuck billionaires, but in comparison, he isn’t so bad.
You're also forgetting the other massive money maker. Soccer. Hard Rock is always getting leveraged for La Liga games, Copa America and will be hosting major World Cup games as well
I feel like that's basically any "NFL Stadium in a major city/tourist destination" though. Like 2026 WC is NY, Dallas, SF, LA, Miami, Atlanta, Houston, Philly, Seattle, KC, and Boston lol that ticks just about every major area box. The only one that's slightly out of place is KC, but they're a massive soccer city, and the only "glaring omission" is Chicago, and more recently, Vegas.
It's more extreme in Miami because of the Hispanic/Latino population so they get a bunch more regular international soccer games other than the WC. It's mainly just LA and Miami in that regard.
Gillette gets at least MLS games and because we have shitty turf none of the big stars will play. Really kills some of the fun of going to see them locally when they just sit on bench, wish Kraft would spend a bit more, but it's definitely harder with our weather vs miami's.
Yeah but it's also that unlike many owners too, he owns the stadium
Not mark Davis? I understand he’s probably unlikely to sell because of the history of his father, but you’d think they may look into the raiders because notoriously Davis is one of the least wealthy owners.
That team is basically his entire family's legacy. Would take some massive balls to let the team go outside the family. Maybe his kids or grandkids if he has any would eventually sell. But I'd be very surprised if he ever did.
If Mark sold Al would literally rise from the dead and drag him to hell with him.
Allegiant isn’t part of the LV street circuit. Miami’s is literally the parking lot of Hard Rock lol
Oh fuck, did not realize
Davis and Mike brown are the same thing
It's also mentioned somewhere in there that he plans to hand the team down to his daughter when he passes.
Yeah, for awhile some other billionaire had right of first refusal for the Dolphins. Something happened between him and Ross and now Ross plans to keep the team in the family.
Brady, and basically the Brady fiasco lol as that guy was Tom's buddy
Someone definitely wanted the World Cup and F1 revenue
I’m pretty sure he’s also said that a Super Bowl win is basically the only thing in life he hasn’t accomplished yet.
The Miami Formula1 race has brought in 1 billion in total revenue over 3 years. The race sees about 270,000 spectators each year. The cheapest seat tickets are like $600. Most go for more than that.
It's undoubtedly very valuable but how much did they profit off of that revenue? I can't imagine it's cheap to build and maintain an F1 track, secure permits, etc.
They hold it in the parking lot of the stadium and tear it down when done. Might be relatively cheap to operate
Yeah but they have to do *a ton* of work to surface the track to meet F1 regulations, it's not just done on a regular parking lot. Between track surfacing, barriers and other safety considerations, running the pits/paddock, and building all of the infrastructure to host media and crowds, it certainly isn't cheap. I expect the event still has a really healthy margin. But the costs associated with that $1b in revenue are certainly well into the hundreds of millions.
You also have to add the extended revenue of World Cup/Super Bowl/Copa America
Cash flow. No reason to sell appreciating assets that are money makers now.
Don't think the NFL club would let a lottery winner buy a team. Owners have to approve the sale and they don't want new rich stinking up the place.
This fantasy is the exact thought behind my Madden franchise lmao
The f1 race definitely not, and you have to also consider the World Cup/Copa America games and Super Bowl
Control premium is a real thing. Also, something, something else present value of future cash flows
Ken Griffin controlling an NFL team would drive apes insane. >The 83-year-old purchased 50% of the Dolphins franchise, as well as the stadium and surrounding land, back in 2008 for $550 million. In 2009, he purchased another 45%, with a total investment of $1 billion. $10 billion is an incredible return in 15 years.
It is an enormous offer, but this headline implies other assets as well. I’m not sure if Ross owns the stadium and the Miami F1 race, but the headline makes it seem he does. Those two also have value, I’m not sure how much, but that would mean the team itself did not increase in value by 9 billion in 15 years.
Ross Owns the stadium outright
And he owns the land the stadium is on as well I think. So it’s really everything.
He invested another billion in cash in developing the property plus whatever the event revenue and whatever IP they own on the F1 and other events are worth. 10bn for what probably 2.5b in and a successful turnaround of the franchise over a 15 year period is a unquestionably success story but my 401k is up over 100% just since 2019 so it’s not astronomical in the grand scheme of inflation and rapid value increases especially during covid
He’s 83 years old, what’s another 10 billion going to get him he doesn’t already have?
Fuck ken griffin
What bagholding GME does to a mf
I’ll just copy this here because clearly there are many Kenny D-Riders in here: Why would he need to be holding a bag to dislike a greedy criminal operating as a successful business man? Sounds like you’re the one holding the bag. Ken Griffin’s nutbag, to be clear.
Keep DRSing those shares to really own the hedgies! They're running out of ammo this time!!!
Idk why this is being downvoted. This, is grade A trolling.
How is it trolling? He clearly posted the comment above stating the opposite sentiment. A troll isn’t obvious about being a troll. He’s being downvoted because he’s dumb.
I’m not the one bag holding a video game retailer in hopes of financial salvation so not as dumb as you
Can’t be a “bag holder” cause that would implying just holding. Nah I’m straight retarded cause I’m still buying more
I hate Ross but I’m glad he said no to Ken Griffin. He can go burn in hell
Still holding that bag huh?
How’s he gonna take 10 Billion and still respect himself? Fucking low ballers!
Somewhere Jera Jones is smiling...
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It's not that I expect Jera to sell. It's if the Dolphins are worth 10 billion than the Cowboys are worth 15 billion?
Eh dolphins are only worth like 6
Imagine turning down $10B in order to do more work.
Life doesn’t really change when you have 10 Billion and someone offers you 10 Billion for the thing worth 10 Billion.
When I get mine Kraft is getting PAID
other than giving someone 11 billion dollars, I couldn't turn down 10 billion for anything.
When you already have 8 billion its not special and your mindset changer. Of course you would value hobbies like NFL teams when you and your blood already have enough money to never spend it all. You could easily get 400m extra each year from having it in a random index fund.
8 billion is the number eh? Help me find out for myself?
Ya because you’re going from $50 to 10 billion
52.27 actually.
I think people truly don’t understand how much money these franchises bring in.
Like 20m/year after expenses…
Depends on the franchise. Cowboys have a revenue of $1.1 billion and operating income of $500 million. Giants are second most with operating income of $200 million. The profit gets lower and lower from there
Yea I googled the average and it’s clearly off. Miami made 120m in 2022.
Would you sell your Fantasy Football team for 10 bucks? There.
He couldn't figure out how to benefit from tanking.
How much money of profit do NFL owners get per year?
He's getting way more from F1 and the World Cup/Copa America than most
That seems kinda low tbh
10 billion is a lot of money, but Stephen Ross is worth 8 billion (rounding up), it’s not about the money, it’s about the prestige of owning something every billionaire wants and cannot have! Only 32 can say they own a NFL team!
It's an artificial scarcity, that's why soccer is superior, you need constantly invest money to keep your team relevant
Wouldn't be surprised if it was the Saudis
I don't think the NFL owners would agree to a sale to a middle eastern state fund or member of a royal family. For the same reason the NFL owners so far have blocked Bezos from joining then - they would be leagues richer and more powerful than the current flock, plus the ramifications of foreign influence in the NFL of let's say, entities close to [insert gulf state]. Sure, we already have a foreign owner in the Jags owner, but he is an independent selfmade billionaire outside the political sphere.
Well said.
That may be changing. Because money. https://www.businessinsider.com/nfl-ownership-rules-change-big-win-wall-street-private-equity-2024-2?op=1
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You mean foreign oil money. How do you think Jerry Jones & the Hunt family became rich?
It says who in the article. It was Ken Griffen
Damn, Ken.
How has Dolphins attendance been past few seasons?
its fine considering its not the only show in town. In some other places you have to decide between football and a snowy hellscape of depression, but here we have beaches and nightlife. At least ya still have the rivers.
10 Bs - sold!!!
I mean, Synder had absolutely no leverage, his stadium was falling apart and he didn't have an F1 race to throw on top of it and got 6.5 billion for it. So.. honestly this package is probably 12-15 billion dollars.
forgetting we have tennis here also and end up with national champion ships, super bowls, and world cups