Quote:
Originally Posted by dlphg9
It was one owner that only owned 25% of the team. So there is 1 example of an individual and one example of a group selling for profit.
And let's be real, the reason the franchise valuation went up so high is because they became winners not because of a new stadium and entertainment district.
Tons of people can operate a hedge fund. Flipping that for huge profit is a shit ton different than finally becoming majority owner of the team you grew up rooting for and then selling that team for a profit. To act like he's not making 10's of millions a year running the team is laughable.
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I'm not sure what you are trying to debate. The OP asked for an owner who flipped the team for a profit and I gave an example. You both countered that he was not a majority owner, which is wrong. Lasry was not only a majority owner, but also served as the team Governor (IE: face of the ownership group) for a period of time.
If you want to debate if Sherman is trying to do the same that is a different topic. It appears Sherman is trying to follow the same blueprint as the Buck's ownership group. Whether he has ulterior motives to flip the team or not, I do not know. If I had to guess, I don't think he will. Given this is the second team he has had an ownership stake in, it appears he really desires to own a baseball team and the fact it's his local team can only help. Whether he flips the team or not, maximizing the value of the franchise is not a bad thing. You can take the Bucks as an example. The ownership group kept the team in Milwaukee, they have a nice new arena and popular entertainment district and the organization overall is in better shape than when they originally bought the team. Sure it is a bit at the expense of the taxpayers, but that is the price to be paid if you don't wat to be Omaha or Des Moines.