Add the fact that everything is more profitable today it will definitely be obtainable. A lot of it, I assume will come down to what he invests and spends his money on. He will probably end up owning a Pro Sports team to whether it be an NBA team or even NFL team like the Browns. He definitely needs to pile up more money though before he can do that considering the Clippers are worth 2 billion....
When you own a professional sports franchise, the top end of what you could be worth is astronomical. The Bucks just sold for $550 million and that was before the Clippers sold for $2B. Profesional teams are toys that multi-billionaires want to own. And pay billions for. Unless LeBron becomes a team owner someday, he'd be hard pressed to catch Jordan. _
I saw that yesterday. We are still waiting for Parker to have a big game, its kinda tough though now that Lebron has been covering him.
What do you think the Bucks are worth? What they were sold for 2 months ago or what they are worth today given the $2B pricetag for the Clippers. _
Well if the Clippers sold for 2 Billion then that automatically means the market has gone up. The former Bucks owners got a raw deal, shoulda waited I guess.
Gotta love how everyone is talking about about Carmelo to Miami in the media, yet no one is giving credit to the individual who broke the story months ago.
I don't know about that byz. I'm not sure I can think of another athlete with more marketing savvy than Jordan. Excluding the highly popular brands he has marketed and still associates himself with over the years - just Look at what he did with Nike alone- "Jordan" shoes are still immensely popular. I don't think there will be another athlete that captures that market as well as he did. (not really HIM per say, his marketing team, but you get it) Plus the team ownership is an unbelievable asset to compete with. Couple that with the fact that Jordan is almost universally beloved and extremely popular with the masses and Lebron has a large segment of people that hate him. Adjusted for inflation anyway, I don't see Lebron ever being as successful with endorsement $$s than Jordan. I think the future will be kind to Lebron however. The way he plays and maintains himself, I could see him playing a really, really long time. When he's in his late 30s he will still be very successful on the court, he might break every record there is. If, at that point in time he surrounds himself with a likable and awesome young player, the way he distributes and everything he could win championships galore and in turn regain a new popularity. I'm thinking a late career like a Kareem Abdul-Jabaar with a Magic Johnson. (except maybe even more successful because Lebron is better) . So if it plays out like that I could see him becoming very popular and successful for a long stretch, but idk about comparison to jordan who revolutionized player endorsements.
No, that's Monday morning QBing. Not a raw deal at the time--they were sold for fair value THEN--they had no idea that the Clippers/Sterling fiasco was going to happen. But generally speaking, yes, the market has gone up. But it also depends on what comes along with the sale--a network, the building, if leased--long-term below market lease or short-term lease, the parking lots, the concessions. When we were looking at financing the sale of the Dodgers--much of the value was in Chavez Ravine, the parking lots and the land around the stadium for development rights. Huge money. Sold for over $2B. When we looked at the financing to buy the Expos/Nationals--was a whole different story with no building, no fanbase, no TV rights, hell they didn't even have a country. Sold for $150 million. _
Why would a university sell a cash cow like their football program which feeds all their other programs. Universities don't need a pile of cash in a single sale--they have huge endowments already. And Universities aren't looking to cash out and go into other businesses--they are in the college business. And as they say, business is good. _
Well true but if someone hands them a $5 billion check, you know how long it would take for a college to make that much off of the football team? decades. On top of that the college players might end up getting paid (sadly), the college wouldnt have to pay them then, the private owner would.
someone hands schools enormously large checks everyday in the form of tax deductible endowment gifts. Why would they want to sell off a constant stream of ever growing unrestricted revenue for a lump sum that isn't that much higher than their normal endowment gifts. Schools might have to actually manage their money then - oh no
Because a lot of schools are in financial trouble all through the United States. Thats a fact. Private school enrollment is down everywhere.
There is no Carmelo to Heat happening. I said this before and I'll say it again. The Heat would have to give up EVERYTHING to make that happen. Players would need to take a HUGE pay cut, even more than in 2010, and then they would have little to no money left for the rest of the depth chart. As many analysts are saying, "this has a sub 5% chance of happening". This is just people trying to create stories.
Yea but those schools aren't the ones with the college football asset your entire point was about in the beginning that you just switched.
No and no. Major college endownments already top $2B on avearge. Michigan's is over $8B, ND over $6B, Texas over $20B. Colleges don't NEED a big chunk of $$. They already have it--they want the income stream from football operations so they don't need to tap the endowments for operations or capital improvements. And colleges have no interest in paying athletes. Universities have NO interest in selling their football teams. No incentive and no motivation--actually it's a disincentive and a motivation to KEEP the teams. This is, quite honestly, a silly conversation. _
