Seattle Seahawks Sell For $9.6B

[PasadenaTrojan]

Commanders sold for $6B a few years ago

broncos sold for $4.65B

bills for $1.2B 12 years ago

Wow! I mean guys paying this are some of smartest in world so I guess it makes sense to them…

Dan Patrick is talking about this am.

Says this includes the stadium in most of the deals.

owners don’t seem to ever lose money but with new basis is that always gonna be the case?

says being an owner gets you fame vs wealth (which they already have)

Paul paid $197M in 1997.

Allen estate (his sister) just sold blazers for $4B a few months ago as well. Thats a lot of cash!

 

 

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[PasadenaTrojan]

[mandb]

And the Nordstrom family initially paid the expansion fee in 1976 for 19 million.

[Butkus51]

Dang, Paul Allen’s sister inherited his estate = $20 billion.  Special instructions more than 1/2 go to philanthropy and 1/2 to her and kids.  Dang, his sister got $10 B.  OK, there’s taxes so maybe she netted 60% or $6 B, dang.  Instant Billionaire, Geez…  Cheers

[Butkus51]

Man owning sports teams and selling it down the line can produce huge windfall transactions.  Good example is Dr. Jerry Buss and the Lakers.  Buss bought the Lakers + (Forum, LA Kings-hockey, 13,000 acre ranch in Reno Nevada from Jack Kent Cooke for $67.5 M in 1979.  In today’s money dat comes to $312 M.  Over the years he sold Lakers interest (34%) to various people and kept about 66% stake in the Lakers.  In 1988 he sold the Kings for $20 M.  Dat makes his adjusted cost for the Lakers and Forum $47.5 M.

Jan, 2026 Jeanie Buss sold 50% stake for $10 B, still holding onto 16% stake in the Lakers or $1.6 B.  Unreal gross profit of $9.952 B.  Plus still owning $1.6 B.  Amazing windfall transaction.  In hindsight, why did Jack Cooke sell all dat for crumbs.  Was he hard up for money?  Man, Dr. Jerry Buss was one savy real estate businessman.  He was a very smart man, highly educated, PHD in Chemistry.  Jerry Buss had an eye for basketball talent and prime real estate properties.  To add, he was a very good, Pro level Poker player.

The American way = ultimate capitalism.  Dam why did I not learn how to invest…  Cheers

PS.  Learned dat Magic Johnson bought 4.5 % stake in the Lakers = $10M in 1994.  Then sold his holdings in 2010 for about $30 M.  Dam, if he held on and sold it when Jeanie Buss sold, his 4.5% stake would have given him a gross profit $450 M.  Bet you he wants to kick himself in the pants.

• This reply was modified 1 hour, 58 minutes ago by Butkus51.

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