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re: Todd Graves worth $7.6 Billion - According to Bloomberg

Posted on 11/17/23 at 8:20 am to
Posted by redneck
Los Suenos, Costa Rica
Member since Dec 2003
53628 posts
Posted on 11/17/23 at 8:20 am to
quote:

Todd Graves worth $7.6 Billion


So you're telling me he could afford to buy the Saints ?!?!?!?!
Posted by Big Scrub TX
Member since Dec 2013
33558 posts
Posted on 11/17/23 at 9:16 am to
quote:

So you're telling me he could afford to buy the Saints ?!?!?!?!
My first thought was how can he not at least be interested in doing such.
Posted by redneck
Los Suenos, Costa Rica
Member since Dec 2003
53628 posts
Posted on 11/17/23 at 10:09 am to
quote:

quote:
So you're telling me he could afford to buy the Saints ?!?!?!?!

My first thought was how can he not at least be interested in doing such.


If we went from an owner who only cares about making $ to an owner that I assume would be very Mark Cuban like and just want to win at all costs
Posted by CrystalPreserves
Member since May 2019
2607 posts
Posted on 11/17/23 at 1:52 pm to
Frick Todd Graves and his shrinking chicken finger
Posted by reverendotis
the jawbone of an arse
Member since Nov 2007
4867 posts
Posted on 11/17/23 at 10:56 pm to
I worked in college as a short order cook and eventually kitchen manager in a casual dining restaurant near campus. One of the other kitchen guys told us he was leaving, he had been hired as the KM in a new place that was right by school.

His first initial is "B" and he and I were basically the same age, he may have been a year younger, I really don't remember.

When I asked him about it, he explained there was this guy Todd and another dude that was opening it and their menu was going to be just chicken fingers and cole slaw and we all told him - "B" that is by far the stupidest idea for a restaurant we had ever heard of but good luck anyway and come back and work here when it shuts down.

For the record - I still think it is the stupidest idea for a restaurant I have ever heard of.
Posted by dallastigers
Member since Dec 2003
5734 posts
Posted on 11/17/23 at 11:10 pm to
Cane’s opened on north side of LSU, and another business that was basically same concept opened off Lee & Highland at around same time (before Cane’s opened 2nd location in same area but closer to he winn Dixie).

I don’t know who was first with concept or first to actually open a location.

This post was edited on 11/17/23 at 11:20 pm
Posted by HogsWillRiseAgain
Central LA
Member since Dec 2013
829 posts
Posted on 11/17/23 at 11:31 pm to
For the record…you aren’t worth “$7billion” so it must not have been that stupid of an idea??????? But I do hope you are loving that short order cook role at the Waffle House, only 10 more years and you will be manager…maybe

Just guessing but it sounds like “B” made the better choice…took the chance and got in when the getting was GREAT keep flipping those flapjacks you’ll get there one day, or not most likely
This post was edited on 11/17/23 at 11:40 pm
Posted by Napoleon
Kenna
Member since Dec 2007
69173 posts
Posted on 11/18/23 at 12:08 am to
I remember them having canes sauce in a dispenser. Back when they first opened the second location on College Dr across from Bailey's and Noah's Ark.
Posted by The Boat
Member since Oct 2008
164331 posts
Posted on 11/18/23 at 1:27 am to
I thought the second Canes was the one in the old race track hut next to Winn Dixie on Lee at Burbank. It’s a “new” building now.

That one is where we went the first time I had Canes. It was before the 1999 LSU/Arkansas game.
Posted by ZIGG
Member since Dec 2016
10177 posts
Posted on 11/18/23 at 1:36 am to
This post was edited on 11/18/23 at 1:37 am
Posted by Bubb
Member since Mar 2010
3922 posts
Posted on 11/18/23 at 1:48 am to
quote:

Cane’s opened on north side of LSU, and another business that was basically same concept opened off Lee & Highland at around same time (before Cane’s opened 2nd location in same area but closer to he winn Dixie).

I don’t know who was first with concept or first to actually open a location.



Bailey's? What was the story with that one. Much different ending, eh?
Posted by Tall Tiger
Dixie
Member since Sep 2007
3262 posts
Posted on 11/18/23 at 2:03 am to
Damn. He has more money than Bill Goldring. Louisiana has a new number one.
Posted by Red Stick Tigress
Tiger Stadium
Member since Nov 2005
17853 posts
Posted on 11/18/23 at 3:13 am to
quote:

(fyi cane number one is one block off campus next to the apartment Todd lived in when in college)


He lived in BR in college? He didn't attend LSU.
Posted by Red Stick Tigress
Tiger Stadium
Member since Nov 2005
17853 posts
Posted on 11/18/23 at 3:21 am to
His friend and Co founder was Craig Silvey.
Posted by Napoleon
Kenna
Member since Dec 2007
69173 posts
Posted on 11/18/23 at 9:43 am to
I get Lee and College mixed up.
The second Canes was near Burbank directly across the street from Bailey's. Baileys was getting killed by Canes so they ran that $1 off with student ID combo that made their box $4.15 with drink while Canes was $5.35. Baileys had the same menu except the toast was different.
Posted by lostinbr
Baton Rouge, LA
Member since Oct 2017
9501 posts
Posted on 11/18/23 at 11:19 am to
quote:

No one/business/entity would pay 8 billion dollars for Raising Canes. These things are all hypothetical written by valuation nerds. The free market would value that much less IMO.

Maybe it’s been addressed elsewhere in the thread, but they aren’t saying his stake in Cane’s is worth $7.6 billion. They are estimating his net worth at $7.6 billion. His net worth would also include any other investments he has made with his earnings from Cane’s so far - which is why the article cites the estimated valuation of Cane’s plus the dividends he has received up to this point.
Posted by MRTigerFan
Baton Rouge
Member since Sep 2008
4200 posts
Posted on 11/18/23 at 11:36 am to
quote:

am always fascinated with people that keep working when they could sell out for 1 billion or more (even less

Agreed. It amazes me how these billionaires can't walk away.
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