Quote:
Originally Posted by Hootie 2.0
http://espn.go.com/mlb/story/_/id/12...orbes-magazine
...which means Glass could surely sell the Royals for $1B (minimum)
which means Glass ROI is INSANE
which means we should never hear this asshole ever tell us "we don't have the $$$" again. So far he's off to a good start.
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The Royals approximate sale price and not having enough money to sign expensive players are mutually exclusive.
Let's say you purchase a home for $500k and tens years later, that same home is worth $1.5 million. That's doesn't automatically mean that the owner has $1 million dollars in his pocket. It's equity, not cash.
The only way it becomes liquid is by selling the asset, which is something I doubt Glass is ready to do.