Author Topic: In case you were worried about the Red Sox owners (including Lebron)...  (Read 6631 times)

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Offline Roy H.

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[Lebron earned] $90 million from Fenway Sports Group. James was at one time a minority owner of Liverpool FC. He exchanged that for an estimated 1% ownership stake in Fenway Sports Group. The group owns Liverpool, Fenway Park, the Boston Red Sox and half of Roush Fenway Racing and recently agreed to spend $900 million to purchase the Pittsburgh Penguins.

https://www.espn.com/nba/story/_/id/34025397/lebron-james-becomes-nba-first-active-player-worth-1-billion-per-forbes

If a 1% stake returns $90 million, that means the ownership group itself brought in $9 billion during that time period.  That's insane.


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Offline Roy H.

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Bill Simmons @BillSimmons
about 17 minutes ago
If this Red Sox ownership group blows it with Devers, that’s going to be even more unforgivable than Mookie. They care more about getting an NBA expansion team in Vegas then they do about the next 15 years of the Red Sox. It’s disgusting.


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Offline KG Living Legend

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 How stupid can James be? Badmouthing the city bringing him Millions. Idiot.

Offline MarcusSmartFanClub

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 How stupid can James be? Badmouthing the city bringing him Millions. Idiot.

Is it costing him money? If not, what change do you see occurring from his comments on the Shop?

The Garden will likely be sold out for the next Lakers game, and fans will continue to go overboard. Nothing will have changed.

Offline Kernewek

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Bill Simmons @BillSimmons
about 17 minutes ago
If this Red Sox ownership group blows it with Devers, that’s going to be even more unforgivable than Mookie. They care more about getting an NBA expansion team in Vegas then they do about the next 15 years of the Red Sox. It’s disgusting.

Spicy take: the next 15 years of the Red Sox will continue to track baseball's slow decline into America's biggest niche sport.
Man had always assumed that he was more intelligent than dolphins because he had achieved so much—the wheel, New York, wars and so on—whilst all the dolphins had ever done was muck about in the water having a good time.

But conversely, the dolphins had always believed that they were far more intelligent than man—for precisely the same reasons.

Offline Roy H.

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The Boston Red Sox are sliding in the standings, but their brand is as valuable as ever.

The team reportedly agreed to MLB’s largest jersey patch deal to date with Massachusetts-based bank MassMutual.

The pact is reportedly for 10 years at a base rate of $17 million per year. The deal could reach $20 million annually based on performance metrics.
The deal nearly doubles the annual rate of the league’s only other patch deal, a four-year, $28-million agreement between Motorola and the San Diego Padres.
MassMutual also has a sponsorship deal with the NHL.
MLB opened the door to jersey patch sponsorships in the collective bargaining agreement agreed to in March, following a 99-day lockout.


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Offline footey

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[Lebron earned] $90 million from Fenway Sports Group. James was at one time a minority owner of Liverpool FC. He exchanged that for an estimated 1% ownership stake in Fenway Sports Group. The group owns Liverpool, Fenway Park, the Boston Red Sox and half of Roush Fenway Racing and recently agreed to spend $900 million to purchase the Pittsburgh Penguins.

https://www.espn.com/nba/story/_/id/34025397/lebron-james-becomes-nba-first-active-player-worth-1-billion-per-forbes

If a 1% stake returns $90 million, that means the ownership group itself brought in $9 billion during that time period.  That's insane.

I think Forbes values his 1% stake in FSG at $90mm, not that he received a $90 mm distribution, and that FSB's valuation is $9 billion. That makes more sense than "bringing in" $9billion. If that was the case, the valuation would be much higher.

Offline Cman

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[Lebron earned] $90 million from Fenway Sports Group. James was at one time a minority owner of Liverpool FC. He exchanged that for an estimated 1% ownership stake in Fenway Sports Group. The group owns Liverpool, Fenway Park, the Boston Red Sox and half of Roush Fenway Racing and recently agreed to spend $900 million to purchase the Pittsburgh Penguins.

https://www.espn.com/nba/story/_/id/34025397/lebron-james-becomes-nba-first-active-player-worth-1-billion-per-forbes

If a 1% stake returns $90 million, that means the ownership group itself brought in $9 billion during that time period.  That's insane.

That doesn't seem right, somehow. That would mean $9 B in *profit* of which LeBron get's 1%.

Reading the ESPN article they estimate the contribution to his net worth from his 1% stake is $90M, meaning that the estimated value of FSG is $9B. Not that they had that much in profits....
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