Royals Royals worth $700M according to Forbes

Hootie · 03-25-2015, 01:37 PM

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.

**DaneMcCloud** · 03-25-2015, 01:45 PM

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.

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.

Hootie · 03-25-2015, 01:51 PM

Well come on, man. It's not like he can't carry a $120M payroll every year. It's not like we have to let the Alex Gordon's and the Eric Hosmer's go anymore if we don't want to. It's no longer an excuse.

**DaneMcCloud** · 03-25-2015, 01:53 PM

Quote:

Originally Posted by Hootie 2.0

Well come on, man. It's not like he can't carry a $120M payroll every year. It's not like we have to let the Alex Gordon's and the Eric Hosmer's go anymore if we don't want to. It's no longer an excuse.

Oh, I agree with that but that's mainly because he's worth $2 billion dollars.

Hootie · 03-25-2015, 01:56 PM

That's all I'm saying. He bought the franchise for like $90M ... he can 10 X his money, minimum. That's my only point. So far, so good.

Mr. Laz · 03-25-2015, 01:57 PM

liquid assets and being solvent aren't the same as net worth

Hootie · 03-25-2015, 02:02 PM

I never said that

My point was ... Glass can afford to lose his ass for a few years until the next TV deal to keep our young guys in tact and pay for free agents.

**alnorth** · 03-25-2015, 02:09 PM

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.

Again, I don't give a damn about paper capital gains. The only thing that should matter to fans is operating profit/loss.

Glass should not be expected to run the team on a long-term operating loss. If we don't have the money to sign someone because it causes the team to operate at a loss, that is a real thing.

**alnorth** · 03-25-2015, 02:10 PM

Quote:

Originally Posted by DaneMcCloud

Oh, I agree with that but that's mainly because he's worth $2 billion dollars.

I don't. Owners should not be expected to lose money or give up their capital gain profit when they sell. As long as the team isn't running on a big long-term operating profit, we're cool.

eDave · 03-25-2015, 02:13 PM

Quote:

Originally Posted by Hootie 2.0

I never said that

My point was ... Glass can afford to lose his ass for a few years until the next TV deal to keep our young guys in tact and pay for free agents.

Why in the world would he do that? For you the fans?

DJ's left nut · 03-25-2015, 02:14 PM

Quote:

Originally Posted by Hootie 2.0

I never said that

My point was ... Glass can afford to lose his ass for a few years until the next TV deal to keep our young guys in tact and pay for free agents.

Yeah, money's not an excuse for any owner in MLB right now, especially anybody that bought a team more than 10 years ago.

Hell, if the Dodgers wanted to pump the brakes for a bit I'd understand, their debt service has to be insane with the purchase price they paid for LAD. However, anybody that bought a team pre-TIVO era has almost certainly paid their debt service down to little/nothing by now so their operating expenses are going to be relatively low.

And as has been stated, the value of their franchises is such that, if they have any assets outside of baseball at all, they can easily underwrite losses for quite awhile. Hell, it's not like it would be hard to find a lender willing to advance a loan using the equity in the team as collateral if you really gave a rip and didn't have the immediate liquidity.

Nobody in baseball gets to cry poor. DeWitt bought the Cards for $150 milliion and then sold the parking garages that came with the team for $50 million - net price of the Redbirds was about $100 million. They made $74 million last season. The guy cash flowed the purchase of a MLB baseball team and could sell it tomorrow for over a billion. Even if he didn't have $3 billion in net worth outside of baseball, Dollar Bill could take massive losses for a very long time.

DJ's left nut · 03-25-2015, 02:22 PM

Quote:

Originally Posted by eDave

Why in the world would he do that? For you the fans?

I'd do it.

Not for the fans but as pure stupid pride.

There are 30 guys in the entire world that own MLB teams. If you get to all the major soccer owners, NBA, NFL and (snicker) NHL teams, you're looking at at most 200 guys worldwide in the select group of major franchise owners.

How much more fun would it be right now to be Bob Kraft and get to tell Woody Johnson to go get his ****ing shinebox?

These guys didn't get here without being psychotically type A personalities. There's no way they won't get a charge out of their team being the best.

I'm pretty sure it was Lamar that said this and ultimately it may be apocryphal, but someone once asked him how he felt about the fact that his team lost something like $5 million that year and his answer was "not too bad - at that rate I'd be broke if I lived to be a thousand".

That's the world these guys operate in. They wouldn't do it for the fans, they'd be doing it for the rush.

jbwm89 · 03-25-2015, 02:56 PM

Didn't glass agree to donate any profits realized from selling the team when he purchased it from the Kauffman foundation?

If he can't that would make the franchise being worth 700 million pretty useless.

http://www.cbssports.com/mcc/blogs/e...16000/21976091

**alnorth** · 03-25-2015, 03:09 PM

Quote:

Originally Posted by jbwm89

Didn't glass agree to donate any profits realized from selling the team when he purchased it from the Kauffman foundation?

If he can't that would make the franchise being worth 700 million pretty useless.

http://www.cbssports.com/mcc/blogs/e...16000/21976091

That agreement expired a few years ago. If Glass sells now, all the money goes to him.

eDave · 03-25-2015, 03:23 PM

Quote:

Originally Posted by DJ's left nut

I'd do it.

Not for the fans but as pure stupid pride.

There are 30 guys in the entire world that own MLB teams. If you get to all the major soccer owners, NBA, NFL and (snicker) NHL teams, you're looking at at most 200 guys worldwide in the select group of major franchise owners.

How much more fun would it be right now to be Bob Kraft and get to tell Woody Johnson to go get his ****ing shinebox?

These guys didn't get here without being psychotically type A personalities. There's no way they won't get a charge out of their team being the best.

I'm pretty sure it was Lamar that said this and ultimately it may be apocryphal, but someone once asked him how he felt about the fact that his team lost something like $5 million that year and his answer was "not too bad - at that rate I'd be broke if I lived to be a thousand".

That's the world these guys operate in. They wouldn't do it for the fans, they'd be doing it for the rush.

This franchise went to the WS. And took it to 7 games. What else does he need to spend on? What piece did we not spend on last year? We just didn't have Bumgartner. Shoulda signed Tonya Harding maybe.

03-25-2015, 01:37 PM
Hootie Banned Join Date: Jan 2006 Location: Dallas, Texas Casino cash: $10004900	Royals worth $700M according to Forbes 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.
Posts: 56,356

03-25-2015, 01:51 PM	#3
Hootie Banned Join Date: Jan 2006 Location: Dallas, Texas Casino cash: $10004900	Well come on, man. It's not like he can't carry a $120M payroll every year. It's not like we have to let the Alex Gordon's and the Eric Hosmer's go anymore if we don't want to. It's no longer an excuse.
Posts: 56,356

03-25-2015, 01:56 PM	#5
Hootie Banned Join Date: Jan 2006 Location: Dallas, Texas Casino cash: $10004900	That's all I'm saying. He bought the franchise for like $90M ... he can 10 X his money, minimum. That's my only point. So far, so good.
Posts: 56,356

03-25-2015, 01:57 PM	#6
Mr. Laz Don't Tease Me Join Date: Dec 2000 Location: KS Casino cash: $11047037	liquid assets and being solvent aren't the same as net worth __________________
Posts: 95,626

03-25-2015, 02:02 PM	#7
Hootie Banned Join Date: Jan 2006 Location: Dallas, Texas Casino cash: $10004900	I never said that My point was ... Glass can afford to lose his ass for a few years until the next TV deal to keep our young guys in tact and pay for free agents.
Posts: 56,356

03-25-2015, 02:56 PM	#13
jbwm89 MIZZOU Join Date: Jan 2009 Location: Saint Joseph Casino cash: $10005040	Didn't glass agree to donate any profits realized from selling the team when he purchased it from the Kauffman foundation? If he can't that would make the franchise being worth 700 million pretty useless. http://www.cbssports.com/mcc/blogs/e...16000/21976091 __________________ "You can't sit on a lead and run a few plays into the line and just kill the clock. You've got to throw the ball over the goddamn plate and give the other man his chance. That's why baseball is the greatest game of them all."
Posts: 1,076