This is a non issue unless you're planning on buying the team. The more important question has been answered: the specter of madoff is no longer hovering and they can begin to move forward.
_________________ Deluded Mets Fan Since 1969
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Joined: Mon Sep 18, 2006 6:15 pm Posts: 30308 Location: The District
pennst92 wrote:
This is a non issue unless you're planning on buying the team. The more important question has been answered: the specter of madoff is no longer hovering and they can begin to move forward.
Plus, whenever a team is purchased, the "value" is never near what Forbes says. So even if you're buying the team, this is still a non-issues. The "rankings" might be reasonably accurate, but the values themselves are probably way off. The financials involved in selling the team are way different from what is available to the public and through investigation.
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chinabox wrote:
pennst92 wrote:
This is a non issue unless you're planning on buying the team. The more important question has been answered: the specter of madoff is no longer hovering and they can begin to move forward.
Plus, whenever a team is purchased, the "value" is never near what Forbes says. So even if you're buying the team, this is still a non-issues. The "rankings" might be reasonably accurate, but the values themselves are probably way off. The financials involved in selling the team are way different from what is available to the public and through investigation.
Forbes valued Dodgers at $1.4 billion. They reportedly sold for $2.5 billion.
Juuuust a bit off.
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Joined: Mon Sep 18, 2006 6:15 pm Posts: 30308 Location: The District
Chico wrote:
chinabox wrote:
pennst92 wrote:
This is a non issue unless you're planning on buying the team. The more important question has been answered: the specter of madoff is no longer hovering and they can begin to move forward.
Plus, whenever a team is purchased, the "value" is never near what Forbes says. So even if you're buying the team, this is still a non-issues. The "rankings" might be reasonably accurate, but the values themselves are probably way off. The financials involved in selling the team are way different from what is available to the public and through investigation.
Forbes valued Dodgers at $1.4 billion. They reportedly sold for $2.5 billion.
Juuuust a bit off.
I'm a genius!
Maybe Forbes will release a new list (that will also be wrong).
I can't remember the last time these wall street finance types were so off about the value of something! Oh wait.
_________________ I LIKE THE METS!!!!!!!!!!!!!!!!!!
"Well, this year I'm told the team did well because one pitcher had a fine curve ball. I understand that a curve ball is thrown with a deliberate attempt to deceive. Surely this is not an ability we should want to foster at Harvard." -Charles Eliot
Post subject: Re: Mets value drops 4% per Forbes, which misses LAD by 1.1
Posted: Fri Mar 30, 2012 10:31 am
Legend of NYFS
Joined: Tue Sep 19, 2006 4:56 am Posts: 12093 Location: hanging with Tony B in the clubhouse
The old adage always holds true: the value of something is how much other people would be willing to pay for it.
If the Mets were on the open market.... they're getting way more than 700m. WAY more. Maybe three times more.
_________________ Anyone who quotes profits of a baseball club is missing the point. Under generally accepted accounting principles, I can turn a $4 million profit into a $2 million loss, and I can get every national accounting firm to agree with me. - Paul Beeston, CEO of the Toronto Blue Jays
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