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Problem with Hedge Funds is, near as I can figure it, they have a fiduciary obligation to maximize profit.
Granted, sometimes these charters will allow some flexibility, but the idea that you're going to write a shitload of checks, underwrite a year or two of losses and push your chips in for a shot at a 'ship doesn't really check out against what those fiduciary obligations tend to be.
This feels like a terrible idea.
And fellas - here's a hint: I don't care what Forbes says - if nobody wants to buy your team, it isn't 'worth' what Forbes says it is.
If there's a shrinking pool of buyers because evals are too high, then maybe the problem is the evals, fellas. Because ownership groups writ large aren't new and they aren't a problem. By and large, they tend to work out fairly well and there's no shortage of very rich people that would like to be even 3-5% owners of an NFL franchise.
UNLESS you've priced that franchise too damn high. And if you have, I'm not sure how a Hedge Fund can actually justify that purchase to its investors.
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"If there's a god, he's laughing at us.....and our football team..."
"When you look at something through rose colored glasses, all the red flags just look like flags."
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