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re: Kings/Sonics Saga Update: Kings stay, Seattle shut out
Posted on 5/10/13 at 4:24 pm to Fun Bunch
Posted on 5/10/13 at 4:24 pm to Fun Bunch
No, it just further proves the point that franchises aren't bought to make money, they're bought as playtoys of super rich people. This isn't a "valuation." Having worked on actual valuations for franchises and seen numerous actual major pro sports franchises financials, I can matter of factly tell you that purchase prices are normalized for (what we at least dubbed them) "luxury premiums."
1
Posted on 5/11/13 at 7:42 pm to kfizzle85
This is really getting interesting-
1) The new deal includes a $115 million relocation fee ($4 million for each owner)
2) Maloofs announce if the deal doesn't go through they won't sell to the Sacramento group, instead they would sell 20% of the team to the Seattle group for $125 million & still run the team.
ESPN
1) The new deal includes a $115 million relocation fee ($4 million for each owner)
2) Maloofs announce if the deal doesn't go through they won't sell to the Sacramento group, instead they would sell 20% of the team to the Seattle group for $125 million & still run the team.
ESPN
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