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 Post subject: Re: Dodgers sold
PostPosted: Wed Mar 28, 2012 1:52 pm 
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Joe Orr Road Rod wrote:
Curious Hair wrote:
SHARK wrote:
According to what I've read, this is the biggest sale of ANY pro sports team in North America. The one involving Magic Johnson's group buying the Dodgers for $2 billion. It's more than $845 million that the Ricketts Family paid to buy the Cubs, and according to CNBC's Darren Rovell, it would have been $1 billion had Wrigley Field been included in the sale.

I was led to believe the Rickettses did buy Wrigley Field outright. I don't see anything that says the Tribune still owns it.

Over $2 billion for a baseball team is abject insanity. What does this do to the value of the Yankees?



I'd say the Yankees are probably worth about $4 billion. There are various general partnerships owning shares. Some of them also share ownership of the TV network and concessionaire and the newer ones are just for the team itself.

According to Forbes, the Yankees' franchise is actually worth $1.85 billion. As for their TV deal with the YES Network, it's actually worth about $85-90 million a year. The YES deal is supposed to be the one that many teams around the league are trying to model after.


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 Post subject: Re: Dodgers sold
PostPosted: Wed Mar 28, 2012 2:00 pm 
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Well, SHARK, it stands to reason that the Yankees are worth much more than that if you look at the price the Dodgers are selling for and the cost of Mets shares that are going to bail Wilpon out.

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 Post subject: Re: Dodgers sold
PostPosted: Wed Mar 28, 2012 2:03 pm 
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Forbes had better update its valuations, then, because if the Dodgers are in excess of $2 billion, the Yankees are worth even more.

Interesting point about everyone trying to have a YES. Everyone can't. Bernstein keeps saying that the Cubs need to start their own channel just like the Yankees have. Okay, but what else are you going to show besides Cubs games? Unlike the Yankees, the Cubs don't have 27 championships' worth of memories to keep reliving through the offdays and offseasons. It would end up being more like SNY, which has the Mets and precious little else.

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 Post subject: Re: Dodgers sold
PostPosted: Wed Mar 28, 2012 2:04 pm 
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Curious Hair wrote:
Okay, but what else are you going to show besides Cubs games?



Harness racing and boxing. Count me in for a subscription! :lol:

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 Post subject: Re: Dodgers sold
PostPosted: Wed Mar 28, 2012 2:08 pm 
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Curious Hair wrote:
Interesting point about everyone trying to have a YES. Everyone can't. Bernstein keeps saying that the Cubs need to start their own channel just like the Yankees have. Okay, but what else are you going to show besides Cubs games? Unlike the Yankees, the Cubs don't have 27 championships' worth of memories to keep reliving through the offdays and offseasons. It would end up being more like SNY, which has the Mets and precious little else.
I bet they would bid for Bulls and Hawks games too.

The Cubs network would be huge because Illinois, Iowa, Indiana, and Michigan would all have to have it similar to a Big Ten Network type deal.

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 Post subject: Re: Dodgers sold
PostPosted: Wed Mar 28, 2012 2:10 pm 
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I could see them getting in on the Blackhawks because of their working relationship with the Cubs. It would give the Cubs winter sports programming and it would give the Hawks a full slate of games without being bumped to an overflow. I can't see the Bulls and White Sox being split, though.

I still think it's a terrible idea. I just wish the Cubs had all their games on WGN.

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 Post subject: Re: Dodgers sold
PostPosted: Wed Mar 28, 2012 2:14 pm 
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Curious Hair wrote:
Forbes had better update its valuations, then, because if the Dodgers are in excess of $2 billion, the Yankees are worth even more.

Interesting point about everyone trying to have a YES. Everyone can't. Bernstein keeps saying that the Cubs need to start their own channel just like the Yankees have. Okay, but what else are you going to show besides Cubs games? Unlike the Yankees, the Cubs don't have 27 championships' worth of memories to keep reliving through the offdays and offseasons. It would end up being more like SNY, which has the Mets and precious little else.

Well, that's what the Dodgers have just sold for, $2 billion, CH. The Forbes story came out before the breaking news of the Dodgers' sale late last night.

As for the Cubs, there has been talk about the team starting up their own regional sports network, even though they own a stake in Comcast SportsNet with the crosstown White Sox, Bulls & Blackhawks. You do bring up a very valid point about what else to put on that network besides Cubs' games if that came to fruition.

On NESN these days, they simulcast WEEI SportsRadio's "Dennis & Callahan" morning show out of Boston, while New York's MSG Network airs a video version of WFAN's "Boomer & Carton". YES airs a simulcast of WFAN's "Mike Francesa Show" in the afternoon. What? This new Cubs' network simulcasts 720 WGN Radio's "Jonathan Brandmeier Show" mornings or "Garry Meier" in the afternoon? What would this proposed new channel put on when the Cubs aren't?


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 Post subject: Re: Dodgers sold
PostPosted: Wed Mar 28, 2012 2:14 pm 
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Cubs network is a great idea


And on Franchise values: The value of a team and what it ends up being sold for are most often times not the same or even close.



You can value something on its assets but that doesnt take in all the specific factors of THAT sale


I think they overpaid, but it will end up being worth it.


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 Post subject: Re: Dodgers sold
PostPosted: Wed Mar 28, 2012 2:20 pm 
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Curious Hair wrote:
I could see them getting in on the Blackhawks because of their working relationship with the Cubs. It would give the Cubs winter sports programming and it would give the Hawks a full slate of games without being bumped to an overflow. I can't see the Bulls and White Sox being split, though.
That's a good point about the Bulls and Sox. However, I would assume that the Cubs network would be the end of Comcast Sportsnet Chicago's association too so the Sox and Bulls would get more time and more money for it.

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 Post subject: Re: Dodgers sold
PostPosted: Wed Mar 28, 2012 2:25 pm 
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Boilermaker Rick wrote:
Curious Hair wrote:
I could see them getting in on the Blackhawks because of their working relationship with the Cubs. It would give the Cubs winter sports programming and it would give the Hawks a full slate of games without being bumped to an overflow. I can't see the Bulls and White Sox being split, though.
That's a good point about the Bulls and Sox. However, I would assume that the Cubs network would be the end of Comcast Sportsnet Chicago's association too so the Sox and Bulls would get more time and more money for it.


Well, that also explains why the Blackhawks are now heard on the same radio station as the Cubs, 720 WGN Radio. As if we need to be refreshed, Blackhawks' President John McDonough & V.P. of Marketing Jay Blunk used to work for the Cubs. Connect the dots... I think for a proposed new Cubs' channel to become a reality, I think they'd need another team, much like the NBA's New Jersey/Brooklyn Nets for the YES Network when the Yankees aren't playing.


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 Post subject: Re: Dodgers sold
PostPosted: Wed Mar 28, 2012 3:02 pm 
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SHARK wrote:
On NESN these days, they simulcast WEEI SportsRadio's "Dennis & Callahan" morning show out of Boston, while New York's MSG Network airs a video version of WFAN's "Boomer & Carton". YES airs a simulcast of WFAN's "Mike Francesa Show" in the afternoon. What? This new Cubs' network simulcasts 720 WGN Radio's "Jonathan Brandmeier Show" mornings or "Garry Meier" in the afternoon? What would this proposed new channel put on when the Cubs aren't?


I'm gonna go out on a limb here and say the Cubs won't simulcast Boers and Bernstein.

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 Post subject: Re: Dodgers sold
PostPosted: Wed Mar 28, 2012 3:08 pm 
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Though in all seriousness, I'm surprised CSN and the Score haven't gotten in on some sort of radio simulcast like New York, Boston, presumably Los Angeles and elsewhere. I know the Score guys aren't a telegenic lot, like, at all, but it seems like cheap and easy filler. The fact that Terry ISDNs in probably doesn't help.

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 Post subject: Re: Dodgers sold
PostPosted: Wed Mar 28, 2012 9:31 pm 
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So the real question is, when will they join the Nets in Brooklyn?

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 Post subject: Re: Dodgers sold
PostPosted: Wed Mar 28, 2012 9:40 pm 
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Don Tiny wrote:
So the real question is, when will they join the Nets in Brooklyn?

I'm pretty sure w/ Magic being an owner they're going to move to Michigan.


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