- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Suns are being sold for around $4 Billion
Posted on 12/20/22 at 11:56 am
Posted on 12/20/22 at 11:56 am
quote:
Adrian Wojnarowski @wojespn 13m
BREAKING: Billionaire mortgage lender Mat Ishbia is finalizing a purchase of the Phoenix Suns, sources tell ESPN. The deal, expected to be completed in the near future, would end the tumultuous tenure of owner Robert Sarver.
ESPN Sources: Ishbia's purchase price is in the neighborhood of $4 billion.
For reference, the Forbes list that came out last month valued the Suns at $2.7 billion LINK / The Pels were valued at $1.6
6
Posted on 12/20/22 at 12:04 pm to TigerinATL
quote:
Adrian Wojnarowski
@wojespn
The WNBA Mercury are also part of the purchase, sources tell ESPN.
Posted on 12/20/22 at 12:06 pm to TigerinATL
Jesus. That would be the highest price ever for a NBA team.
The Timberwolves sold for $1.5B in 2021.
The Jazz sold for $1.6B in 2020.
The Nets sold for $3.3B in 2019.
The Rockets sold for $2.2B in 2017.
The Clippers sold for $2B in 2014.
ETA: I see the Mercury are part of it as well so I guess it's not totally apples to apples.
The Timberwolves sold for $1.5B in 2021.
The Jazz sold for $1.6B in 2020.
The Nets sold for $3.3B in 2019.
The Rockets sold for $2.2B in 2017.
The Clippers sold for $2B in 2014.
ETA: I see the Mercury are part of it as well so I guess it's not totally apples to apples.
This post was edited on 12/20/22 at 12:07 pm
Posted on 12/20/22 at 12:16 pm to TigerinATL
This is why Forbes valuation is worthless.
Posted on 12/20/22 at 12:22 pm to Mickey Goldmill
quote:
ETA: I see the Mercury are part of it as well so I guess it's not totally apples to apples.
Whatever value you think the Mercury brings to the deal, I can assure you it's a rounding error.
It is insane to see this $4 Billion number compared to those previous sales though.
Posted on 12/20/22 at 12:27 pm to JasonMason
"I will give you $5bil for the Suns"
"Well, we're trying to sell the WNBA team too"
"I will give you $4bil for the Suns and the WNBA team"
"Deal!!!"
"Well, we're trying to sell the WNBA team too"
"I will give you $4bil for the Suns and the WNBA team"
"Deal!!!"
This post was edited on 12/20/22 at 1:21 pm
Posted on 12/20/22 at 12:44 pm to TigerinATL
I’m trying to remember what Bill Simmons predicted a few months ago
Just looked. Literally predicted 4-4.4b and that it would be Matt Ishbia lol
Just looked. Literally predicted 4-4.4b and that it would be Matt Ishbia lol
This post was edited on 12/20/22 at 12:46 pm
Posted on 12/20/22 at 12:45 pm to Mickey Goldmill
Yeah the Mercury being involved lowers the value, the WNBA doesn’t make any money.
I wonder if the new guy has other investors going in with him, because the 4 billion takes pretty much all of his net worth. If he’s alone then you may see the suns run cheap for awhile.
I wonder if the new guy has other investors going in with him, because the 4 billion takes pretty much all of his net worth. If he’s alone then you may see the suns run cheap for awhile.
Posted on 12/20/22 at 12:54 pm to different arse
quote:
The WNBA Mercury are also part of the purchase, sources tell ESPN.
How much did this liability lower the price?
Eta- Looks like my joke has been conveyed better than my own attempt. Regardless I elect to keep it up for posterity
This post was edited on 12/20/22 at 12:56 pm
Posted on 12/20/22 at 1:01 pm to TigerinATL
Clearly the Mercury are worth $1.3 billion
Posted on 12/20/22 at 1:02 pm to different arse
How much higher would the Suns’ cost have been without the Mercury too?
Posted on 12/20/22 at 1:12 pm to teke184
quote:
How much higher would the Suns’ cost have been without the Mercury too?
you make jokes but the griner merch finna fly off the shelves.
Posted on 12/20/22 at 1:13 pm to Mickey Goldmill
quote:Biden's NBA
Jesus. That would be the highest price ever for a NBA team.
Posted on 12/20/22 at 1:18 pm to Mickey Goldmill
quote:
see the Mercury are part of it as well so I guess it's not totally apples to apples.
That’s just a tax write off
Posted on 12/20/22 at 1:19 pm to Mickey Goldmill
quote:
ETA: I see the Mercury are part of it as well so I guess it's not totally apples to apples.
Yeah it’s apples to an apple with a bite taken out of it.
Posted on 12/20/22 at 1:52 pm to TigerinATL
quote:
Suns are being sold for around $4 Billion
yeah, that show Sarver not to use inappropriate language in the workplace...
Posted on 12/20/22 at 1:53 pm to Hester Carries
quote:
bill Simmons literally predicted 4-4.4b and that it would be Matt Ishbia lol
that makes it interesting.
Matt ishbia must be a terrible poker player.
Posted on 12/20/22 at 2:23 pm to CelticDog
quote:
bill Simmons literally predicted 4-4.4b and that it would be Matt Ishbia lol
that makes it interesting.
Matt ishbia must be a terrible poker player.
This is the guy that helped fund Mel Tuckers $100m contract
Posted on 12/20/22 at 2:32 pm to tigerbank24
There is literally no way a local will buy the Pelicans when Gayle croaks ... gonna be some east coast hedge fund manager or Saudi Prince
Posted on 12/20/22 at 2:43 pm to saints5021
quote:
There is literally no way a local will buy the Pelicans when Gayle croaks ... gonna be some east coast hedge fund manager or Saudi Prince
It definitely won't be a single local as Gayle is the only billionaire in Louisiana. However a group could come together. Also it has to be mentioned that the money from the sale of the Saints/Pelicans will all go to charity so I doubt the asking prices will be what they normally would go for.
Page 1 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News