Angels sell for $4 billion

[Slateman]

https://x.com/Britt_Ghiroli/status/2094873203306799578

The Angels sold at a 4 billion valuation, sources tell @TheAthletic

[JCA-CrystalCity]

https://x.com/Britt_Ghiroli/status/2094873203306799578

Any reason they are a more valuable franchise than the Nats? Do they own the real estate around the Big A? They average about 50% more in attendance (32K vs 22K).
https://www.espn.com/mlb/attendance

[HalfSmokes]

Any reason they are a more valuable franchise than the Nats? Do they own the real estate around the Big A? They average about 50% more in attendance (32K vs 22K).
https://www.espn.com/mlb/attendance

LA market.

[KV]

The Lerners will want 5. They will never sell this franchise now.

[Natsinpwc]

The Lerners will want 5. They will never sell this franchise now.

[English Natsie]

Perhaps not - there's been much written about the valuation of US sports teams, which demonstrates that on-field/court/rink perfomance bears little, or no, relationship to value. They've become 'trophy' purchases - 'look at me - I can afford to buy a sports franchise'. GIven DC's place as the center of political power and influence (some would argue, therefore, that it is the center of US power) some-one might be tempted.

Nothing new on this - remember Floyd's 'Money', and the line 'think I'll buy me a football team'...

[HalfSmokes]

Perhaps not - there's been much written about the valuation of US sports teams, which demonstrates that on-field/court/rink perfomance bears little, or no, relationship to value. They've become 'trophy' purchases - 'look at me - I can afford to buy a sports franchise'. GIven DC's place as the center of political power and influence (some would argue, therefore, that it is the center of US power) some-one might be tempted.

Nothing new on this - remember Floyd's 'Money', and the line 'think I'll buy me a football team'...

I’ll believe that they’re non-economic purchase when an owner loses money on a sale.

[tomterp]

I’ll believe that they’re non-economic purchase when an owner loses money on a sale.

Lerners paid $450m, right?  Is it common for owners to sell at a loss?  Thinking not.

Also, it can still be lucrative if they have substantial earnings or are able to extract assets or other value before sale.  Hypothetically.

[HalfSmokes]

Lerners paid $450m, right?  Is it common for owners to sell at a loss?  Thinking not.

Also, it can still be lucrative if they have substantial earnings or are able to extract assets or other value before sale.  Hypothetically.

Don’t forget all of the laughable tax breaks

https://www.propublica.org/article/the-billionaire-playbook-how-sports-owners-use-their-teams-to-avoid-millions-in-taxes

[tomterp]

Don’t forget all of the laughable tax breaks

https://www.propublica.org/article/the-billionaire-playbook-how-sports-owners-use-their-teams-to-avoid-millions-in-taxes

Fair enough.  Not only is the code designed to protect the wealthy, but the IRS has been gutted so that it can no longer effectively dive into extremely complex corporate returns to discover illicit shelters or tax fraud.  They are, however, really good at enforcing taxation at the worker bee level.

[machpost]

Fair enough.  Not only is the code designed to protect the wealthy, but the IRS has been gutted so that it can no longer effectively dive into extremely complex corporate returns to discover illicit shelters or tax fraud.  They are, however, really good at enforcing taxation at the worker bee level.

So true. And since the word's out that you can make boatloads of money off an MLB franchise without even entertaining the thought of fielding a competitive team, there is absolutely no reason to celebrate a change in ownership these days. The Dodgers situation is the exception.

[HalfSmokes]

So true. And since the word's out that you can make boatloads of money off an MLB franchise without even entertaining the thought of fielding a competitive team, there is absolutely no reason to celebrate a change in ownership these days. The Dodgers situation is the exception.

It’s every league. Dundon bought the traiblazers knowing he could either extort Portland for a subsided stadium guaranteed to generate revenue or move the team to a city that will give him what he wants. I doubt he cares at all about winning other than seeing salary as a cuttable expense

[Natsinpwc]

Forbes values them at 2.8 billion. So much for the theory you can’t sell before a possible work stoppage.

[HalfSmokes]

Forbes values them at 2.8 billion. So much for the theory you can’t sell before a possible work stoppage.

When is the last time a Forbes valuation has been accurate?

[The Chief]

I need about tree fiddy.

[Count Walewski]

Allegedly, this morning people who had told the Angels season/group ticket sales group that they would not buy until Arte sold the team got contacted and asked if they were ready to buy.

I think at that point as a fan you gotta say "you got me" and buy a small package.

[Natsinpwc]

When is the last time a Forbes valuation has been accurate?

Well
Maybe when the Lerners tried to sell? I guess they tend to be conservative?

[Natsinpwc]

Allegedly, this morning people who had told the Angels season/group ticket sales group that they would not buy until Arte sold the team got contacted and asked if they were ready to buy.

I think at that point as a fan you gotta say "you got me" and buy a small package.

I would say maybe.  Let’s see what you do in the offseason.  It’s not like you’re going to miss out on great seats.

[imref]

Per Forbes, the new owner plans to spend $2.5 billion to build a new stadium.

[OfftheBat]

Per Forbes, the new owner plans to spend $2.5 billion to build a new stadium.

Wow! How loaded is this guy

4 billion for the sell price omg, now the Lerners will never sell, as mentioned by others in this thread.

[HalfSmokes]

Wow! How loaded is this guy

4 billion for the sell price omg, now the Lerners will never sell, as mentioned by others in this thread.

Married into Walton money. He also owns the rams, nuggets and Chelsea

[OfftheBat]

Married into Walton money. He also owns the rams, nuggets and Chelsea

Dang, I better choose my next wife carefully then 

[Ali the Baseball Cat]

Arsenal

Married into Walton money. He also owns the rams, nuggets and Chelsea

[Slateman]

LA market.

Okay, but the Padres went for over 3, so like the Nats should be worth more than the 2.4 the Lerners were looking to eclipse in 2023

[Natsinpwc]

Okay, but the Padres went for over 3, so like the Nats should be worth more than the 2.4 the Lerners were looking to eclipse in 2023

One would think so.  But you need a buyer