Coconuts Posted August 13 Share Posted August 13 Quote Link to comment Share on other sites More sharing options...
Coconuts Posted August 13 Author Share Posted August 13 https://www.thescore.com/nhl/news/3053433/report-lightning-begin-process-for-sale-with-value-close-to-2-b Quote Link to comment Share on other sites More sharing options...
Ghostsof1915 Posted August 13 Share Posted August 13 Now that's what I call return on investment. 3 Quote Link to comment Share on other sites More sharing options...
Chickenspear Posted August 14 Share Posted August 14 So he buys the franchise for $170m, sells it for $2b, with more to be had by retaining some ownership stake, and has full control of the franchise for the foreseeable future? Crazy. 1 Quote Link to comment Share on other sites More sharing options...
Iron Fist Posted August 14 Share Posted August 14 1 hour ago, Chickenspear said: So he buys the franchise for $170m, sells it for $2b, with more to be had by retaining some ownership stake, and has full control of the franchise for the foreseeable future? Crazy. He put money into it after buying it. That front office wasn't cheap. but still great return on investment. 1 1 Quote Link to comment Share on other sites More sharing options...
PureQuickness Posted August 14 Share Posted August 14 4 hours ago, Chickenspear said: So he buys the franchise for $170m, sells it for $2b, with more to be had by retaining some ownership stake, and has full control of the franchise for the foreseeable future? Crazy. It's a fact that money creates money. Hard work is certainly part of it, but without money, no money is to be made. 1 Quote Link to comment Share on other sites More sharing options...
Alflives Posted August 14 Share Posted August 14 Stupid people buying a franchise on the decline that will soon have an empty building. 1 Quote Link to comment Share on other sites More sharing options...
IBatch Posted August 14 Share Posted August 14 (edited) 11 hours ago, Iron Fist said: He put money into it after buying it. That front office wasn't cheap. but still great return on investment. How much has he retained in earnings, and paid himself as well over that time. I'm sure that those expenses were written off during the course of its growth. TB area, is probably the nicest part of Florida too, St Petersburg ... a lot of wealth. Too lazy to look at their reported financials. The owner deserves a pay day at some point, and for Vinik he's selling high. Edited August 14 by IBatch Quote Link to comment Share on other sites More sharing options...
DrJockitch Posted August 14 Share Posted August 14 Will never feel bad for a billionaire loosing their shirts on a deal like this. Quote Link to comment Share on other sites More sharing options...
Coconuts Posted August 14 Author Share Posted August 14 3 hours ago, DrJockitch said: Will never feel bad for a billionaire Quote Link to comment Share on other sites More sharing options...
Iron Fist Posted August 14 Share Posted August 14 5 hours ago, IBatch said: How much has he retained in earnings, and paid himself as well over that time. I'm sure that those expenses were written off during the course of its growth. TB area, is probably the nicest part of Florida too, St Petersburg ... a lot of wealth. Too lazy to look at their reported financials. The owner deserves a pay day at some point, and for Vinik he's selling high. He's selling majority stake, but He's still going to be in charge. Quote Link to comment Share on other sites More sharing options...
Nucker67 Posted August 14 Share Posted August 14 Party's over in Tampa. Time to cash in. Quote Link to comment Share on other sites More sharing options...
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