Fangraphs: Cashless Baseball Profits.

[weams]

 

[Can_of_corn]

This is why I've scoffed at the idea that Angelos had to lend the team money.

[tntoriole]

Angelos, Dewitt and 15 minority investors bought the team for 173 mil in 1993...so lets say Angelos himself say put up 40 percent of that...70 mil tops..

Over the years, he has bought back much of the team stock....but he never even financed that himself probably. 

And niw the estimated value of franchise is 1.2 billion.  

Pretty good investment. .

[makoman]

8 minutes ago, tntoriole said:

Angelos, Dewitt and 15 minority investors bought the team for 173 mil in 1993...so lets say Angelos himself say put up 40 percent of that...70 mil tops..

Over the years, he has bought back much of the team stock....but he never even financed that himself probably. 

And niw the estimated value of franchise is 1.2 billion.  

Pretty good investment. .

$173M invested in the S&P 500 in October 1993 with dividends reinvested would be worth about $1.7B at the end of June 2020. A lot less fun though, and despite the article I'm sure he took profits in some years.

[Can_of_corn]

4 minutes ago, makoman said:

$173M invested in the S&P 500 in October 1993 with dividends reinvested would be worth about $1.7B at the end of June 2020. A lot less fun though, and despite the article I'm sure he took profits in some years.

Like the repayment of those loans.

[makoman]

2 minutes ago, Can_of_corn said:

Like the repayment of those loans.

And whatever it took to start up MASN. 

[Can_of_corn]

1 minute ago, makoman said:

And whatever it took to start up MASN. 

I thought MLB paid for all of that?

[makoman]

3 minutes ago, Can_of_corn said:

I thought MLB paid for all of that?

Ah, apparently they paid $75M for their 10% stake. Not too bad. 

[tntoriole]

38 minutes ago, makoman said:

$173M invested in the S&P 500 in October 1993 with dividends reinvested would be worth about $1.7B at the end of June 2020. A lot less fun though, and despite the article I'm sure he took profits in some years.

Yes, except he didn’t put in anywhere near 173 mil