But I just saw this item.
A small minority stake in the San Francisco Giants has been put up for sale at a valuation of $4 billion.
The Giants are owned by around 30 partners, including former catcher Buster Posey and investor Arctos Sports Partners. Charles B. Johnson, 91, a former chief executive officer of Franklin Templeton Investments, holds the largest stake at about a quarter.
The stake is less than 5% and related to estate planning.
The Giants were purchased in 1992 for $100 million. Since building Oracle Park in downtown San Francisco, the Giants have become one of the more profitable teams in the MLB.
https://baseball.realgm.com/wiretap/57917/Giants-Selling-Minority-Stake-At-$4-Billion-Valuation
Attendance and local TV ratings should be interesting this year.
Attendance has been on a downward trend for a few seasons. To their credit, they've spent in free agency though it hasn't started out well -- Snell.
Declining attendance would hurt profitability, even though they own Oracle. But if they do find a buyer for the minority stake and get that $4 billion valuation, it just puts into perspective, since the team was purchased in 1992 for just $100 million.
Johnson family is already very rich though, so even if the team could sell for that much, it can't be the biggest motivation.