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re: NY Post: Yankees selling 16% of team to private equity firm
Posted on 9/21/26 at 9:47 am to InkStainedWretch
Posted on 9/21/26 at 9:47 am to InkStainedWretch
Oh my God, they finna be eating horse and dog now, investment firm gonna cut costs and sell shite at high prices.
Fans get fricked. Again
Fans get fricked. Again
Posted on 9/21/26 at 10:34 am to Boomshockalocka
quote:
As someone who works in PE
quote:
Boomshockalocka
Shocker
Posted on 9/21/26 at 10:53 am to athenslife101
quote:
Single handedly doing more to harm America than most people realize.
How so?
Posted on 9/21/26 at 11:14 am to Chucktown_Badger
By Generating returns for pension, retirement plans, and endowments to fund retirements and scholarships for our youth.
Posted on 9/21/26 at 12:32 pm to Chucktown_Badger
They buy a company that makes a product. They reduce all costs to make a product, meaning you create a shite tier product. The private equity firm sees that interest in product is dropping, so then they dismantle and sell off anything of value in the company.
Posted on 9/21/26 at 12:34 pm to athenslife101
Pretty much nailed it.
I’m an absolute free market capitalist, but private equity is what Herbert Hoover, that radical Marxist socialist, meant when he said, “The biggest problem with capitalism is capitalists.”
I’m an absolute free market capitalist, but private equity is what Herbert Hoover, that radical Marxist socialist, meant when he said, “The biggest problem with capitalism is capitalists.”
Posted on 9/21/26 at 12:50 pm to InkStainedWretch
quote:
Pretty much nailed it.
No he didn’t. Posted on 9/21/26 at 12:51 pm to RemouladeSawce
quote:
RemouladeSawce
Did private equity sleep with your wife or something?
Posted on 9/21/26 at 12:55 pm to Mo Jeaux
Yessir Mr. Romney.
Posted on 9/21/26 at 2:49 pm to Boomshockalocka
quote:
the bogey man
Sunday Sam Burns?
Posted on 9/21/26 at 4:05 pm to InkStainedWretch
quote:
private equity
BOOOOOOO!!!!
Posted on 9/21/26 at 7:34 pm to InkStainedWretch
Private equity is a malignant cancer that kills everything it touches.
Not even the greatest, most successful franchise in sports is going to go unscathed.
If I were a Yankees fan I'd be pissed.
Not even the greatest, most successful franchise in sports is going to go unscathed.
If I were a Yankees fan I'd be pissed.
Posted on 9/21/26 at 7:38 pm to InkStainedWretch
How the hell do the New York Yankees get themselves into a position where they need private equity? I just assumed that franchise is a money printing machine.
Posted on 9/21/26 at 7:39 pm to athenslife101
quote:
They buy a company that makes a product. They reduce all costs to make a product, meaning you create a shite tier product. The private equity firm sees that interest in product is dropping, so then they dismantle and sell off anything of value in the company.
Don’t forget the part where they load up debt and leverage the hell out of the company.
Posted on 9/21/26 at 7:50 pm to SloaneRanger
quote:
A minority interest in a baseball franchise doesn’t sound like the best investment. But what do I know?
Yes it does
The value of sports franchises continues to go up almost exponentially
Their stake will double in value in less than 10 years
Posted on 9/21/26 at 7:57 pm to Cosmo
quote:
The value of sports franchises continues to go up almost exponentially
Absolutely true. But two questions: (1) Will this continue at the same rate? and (2) When will sale proceeds be realized? 10 years? 20 years? 40 years? If you're a minority owner you probably can't dictate a sale. You have no control.
Posted on 9/21/26 at 8:08 pm to athenslife101
quote:
They buy a company that makes a product. They reduce all costs to make a product, meaning you create a shite tier product. The private equity firm sees that interest in product is dropping, so then they dismantle and sell off anything of value in the company.
But how do you do this as a minority stake holder?
Posted on 9/21/26 at 8:30 pm to InkStainedWretch
Private Equity getting involved in anything has a 100% track record of making things both shittier and more expensive and sports will be no different.
Posted on 9/21/26 at 9:04 pm to StansberryRules
The only people who defend PE are those who work in PE or work with PE. I wonder why...
Posted on 9/22/26 at 4:18 am to TheOcean
quote:
The only people who defend PE are those who work in PE or work with PE. I wonder why...
Maybe they’re the only ones who understand it. Of course you can always go with the typical comments that you see on TD that paint an entire industry with ignorant broad strokes. There’s one right above your post.
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