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Let me get this straight
https://mail.chicagofanatics.com/viewtopic.php?f=33&t=79348		 Page 1 of 1
Author:  Aggravated Sox Fan Bob [ Wed May 22, 2013 7:41 am ]
Post subject:  Let me get this straight
Jerry Reinsdorf gives an interview where he says he recommends his kids sell the interest in the Sox "down the road".
Well, if I am a child of Jerry Reinsdorf, I think I would realize that Dad is one of the best deal cutters in the history of this town.
I highly doubt that I would wait until Dad has passed on to sell the team. I would assume Dad could line up potential buyers.

I think Reinsdorf in reality has placed the FOR SALE sign out at 35th Street.
Author:  bigfan [ Wed May 22, 2013 7:48 am ]
Post subject:  Re: Let me get this straight
Fact is, they dont make much cash flow for Jerry....or the State of Illinois...and they are quite a pain in the ass to run.

Add that to the fact his stake in the Sox is worth another $50 to $100 mill, I think thats why he said it.

However, I don't think he would ever put the sign out for sale, but more than ready to listen to offers.

The Bulls, not for sale, pretty much ever.

Also, his kids dont need the money.
Author:  good dolphin [ Wed May 22, 2013 8:31 am ]
Post subject:  Re: Let me get this straight
If I was investor, I would be wondering why JR would think I would want his kids to be managing the asset I bought into with their father as the manager.
Author:  Brick [ Wed May 22, 2013 8:32 am ]
Post subject:  Re: Let me get this straight
He probably just sees what is going on with the Yankees. The kids don't have the same passion for the game as their dad. There are better ways to make more money when you are rich than owning a sports team. Most owners buy teams to be celebrities these days.
Author:  pittmike [ Wed May 22, 2013 8:39 am ]
Post subject:  Re: Let me get this straight
Not sure how it works but isn't there a tax reason to give this to your kids either before or after?
Author:  Regular Reader [ Wed May 22, 2013 10:40 am ]
Post subject:  Re: Let me get this straight
Paging Mark Cuban! :wink:
Author:  bigfan [ Wed May 22, 2013 10:48 am ]
Post subject:  Re: Let me get this straight
good dolphin wrote:
If I was investor, I would be wondering why JR would think I would want his kids to be managing the asset I bought into with their father as the manager.


Bulls are just easy to manage, lotsa cash to do as needed, own a great building, which spits off more cash, MR has been acting as the Alternate President and going to NBA meetings for close to 10 years now, you have a GM , have a President in place, etc. So the Bulls are a dont screw it up job.

With regards to the Sox, it's a pain in the ass and I would tell you the investors would love to have JR's kids run it one day, because it will not be easy to find someone they will approve.
Author:  bigfan [ Wed May 22, 2013 10:48 am ]
Post subject:  Re: Let me get this straight
Regular Reader wrote:
Paging Mark Cuban! :wink:


That wouldn't happen if Jerry was broke.
Author:  Frank Coztansa [ Wed May 22, 2013 10:50 am ]
Post subject:  Re: Let me get this straight
Image
Author:  Aggravated Sox Fan Bob [ Thu May 23, 2013 11:00 am ]
Post subject:  Re: Let me get this straight
Seems to me to be pretty sound advice. Sell the mess. Why bother with this ridiculous business that has no salary cap on the players?
Costs always rise, but this is a joke.
Multi year guaranteed contracts for Stiffs.
Author:  Frank Coztansa [ Thu May 23, 2013 11:10 am ]
Post subject:  Re: Let me get this straight
JR should invite Ozzie Guillen to throw out a ceremonial first pitch this weekend with the Marlins in town.
Author:  good dolphin [ Thu May 23, 2013 12:31 pm ]
Post subject:  Re: Let me get this straight
Aggravated Sox Fan Bob wrote:
Seems to me to be pretty sound advice. Sell the mess. Why bother with this ridiculous business that has no salary cap on the players?
Costs always rise, but this is a joke.
Multi year guaranteed contracts for Stiffs.


He is looking at it from a purely investor perspective. He bought stock that went up like 10,000%, it may go higher, however there are some things on the horizon that may very well devalue the stock (stadium deal in 2029 and half a decade trend of declining attendance). Sell, take your money and still remain in the public eye with the Bulls if you want.
Author:  bigfan [ Fri May 31, 2013 4:58 pm ]
Post subject:  Re: Let me get this straight
I have this funny feeling if JR bought Comiskular, you would see more concerts, football games, soccer games, etc.
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