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What are peoples' thoughts on this:

Could this mean that at this price tag we're more likely to get a legitimately deep-pocketed Billionaire wherein spending will no longer be an issue?

Ghost of Kleine wrote:What are peoples' thoughts on this:

Could this mean that at this price tag we're more likely to get a legitimately deep-pocketed Billionaire wherein spending will no longer be an issue?

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Yeah

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So is Sarver part of an ownership group which means if he was to sell, he's selling on behalf of the group thus no one in the ownership group will retain their % of the Suns?

ie Sarver isn't just selling his 35% (or whatever it is) but 100% so the new buyers has to afford the $3bn and not just the 35% ($1bn)?

lilfishi22 wrote:So is Sarver part of an ownership group which means if he was to sell, he's selling on behalf of the group thus no one in the ownership group will retain their % of the Suns?

ie Sarver isn't just selling his 35% (or whatever it is) but 100% so the new buyers has to afford the $3bn and not just the 35% ($1bn)?

I read a report somewhere recently that basically stated that as managing partner, Saver can sell all remaining shares of the rest of the group in the deal. Whoever steps up to buy the suns at over 3 billion will very likely be a sole majority owner anyways, absent of other partners. I also believe that Iger couldn't meet the financial requirements to buy the team with it being listed at over 3 billion since he had less wealth than Saver as it was once reported.

Ghost of Kleine wrote:

lilfishi22 wrote:So is Sarver part of an ownership group which means if he was to sell, he's selling on behalf of the group thus no one in the ownership group will retain their % of the Suns?

ie Sarver isn't just selling his 35% (or whatever it is) but 100% so the new buyers has to afford the $3bn and not just the 35% ($1bn)?

I read a report somewhere recently that basically stated that as managing partner, Saver can sell all remaining shares of the rest of the group in the deal. Whoever steps up to buy the suns at over 3 billion will very likely be a sole majority owner anyways, absent of other partners. I also believe that Iger couldn't meet the financial requirements to buy the team with it being listed at over 3 billion since he had less wealth than Saver as it was once reported.

Technically anyone could, including me... if I had super rich friends as part of an ownership group.

I don't really know exactly how things work but Iger could be a managing partner without having the biggest stake couldn't he?

lilfishi22 wrote:

Ghost of Kleine wrote:

lilfishi22 wrote:So is Sarver part of an ownership group which means if he was to sell, he's selling on behalf of the group thus no one in the ownership group will retain their % of the Suns?

ie Sarver isn't just selling his 35% (or whatever it is) but 100% so the new buyers has to afford the $3bn and not just the 35% ($1bn)?

I read a report somewhere recently that basically stated that as managing partner, Saver can sell all remaining shares of the rest of the group in the deal. Whoever steps up to buy the suns at over 3 billion will very likely be a sole majority owner anyways, absent of other partners. I also believe that Iger couldn't meet the financial requirements to buy the team with it being listed at over 3 billion since he had less wealth than Saver as it was once reported.

Technically anyone could, including me... if I had super rich friends as part of an ownership group.

I don't really know exactly how things work but Iger could be a managing partner without having the biggest stake couldn't he?

In theory yes! If his rich friends/ business sponsors were willing to sponsor him and still give him ultimate autonomy. Although that's probably really rare for rich people to pay for and then surrender full control to a large scale investments. I mean even figureheads have to answer to people too right?

Ghost of Kleine wrote:

lilfishi22 wrote:

Ghost of Kleine wrote:
I read a report somewhere recently that basically stated that as managing partner, Saver can sell all remaining shares of the rest of the group in the deal. Whoever steps up to buy the suns at over 3 billion will very likely be a sole majority owner anyways, absent of other partners. I also believe that Iger couldn't meet the financial requirements to buy the team with it being listed at over 3 billion since he had less wealth than Saver as it was once reported.

Technically anyone could, including me... if I had super rich friends as part of an ownership group.

I don't really know exactly how things work but Iger could be a managing partner without having the biggest stake couldn't he?

In theory yes! If his rich friends/ business sponsors were willing to sponsor him and still give him ultimate autonomy. Although that's probably really rare for rich people to pay for and then surrender full control to a large scale investments. I mean even figureheads have to answer to people too right?

Again, I don't know the history or the inner workings but isn't Jahm Najafi like many many times richer than Sarver?

lilfishi22 wrote:

Ghost of Kleine wrote:

lilfishi22 wrote:Technically anyone could, including me... if I had super rich friends as part of an ownership group.

I don't really know exactly how things work but Iger could be a managing partner without having the biggest stake couldn't he?

In theory yes! If his rich friends/ business sponsors were willing to sponsor him and still give him ultimate autonomy. Although that's probably really rare for rich people to pay for and then surrender full control to a large scale investments. I mean even figureheads have to answer to people too right?

Again, I don't know the history or the inner workings but isn't Jahm Najafi like many many times richer than Sarver?

I believe that his net worth was listed at around 2 billion. And Iger's was topping out at just around 600 million. IF the suns are to be sold for over 3 billion, they'd need another big contributor financially just to be over that listing price and still have some solid flexibility. I just think that they'll look at the biggest offer, and that'll likely come from a deep pocketed billionaire with really deep pockets looking for sole ownership/ control for such an expensive investment.

lilfishi22 wrote:

Ghost of Kleine wrote:

lilfishi22 wrote:Technically anyone could, including me... if I had super rich friends as part of an ownership group.

I don't really know exactly how things work but Iger could be a managing partner without having the biggest stake couldn't he?

In theory yes! If his rich friends/ business sponsors were willing to sponsor him and still give him ultimate autonomy. Although that's probably really rare for rich people to pay for and then surrender full control to a large scale investments. I mean even figureheads have to answer to people too right?

Again, I don't know the history or the inner workings but isn't Jahm Najafi like many many times richer than Sarver?

He's got 5 or so billion I think. Very rich but I don't think he wants it. Iger, like GoK said can't swing (by himself) and would need partners to pull it off.

I maintain this is gonna be a megarich person to outright buy the team. One single person. Bezos or Ellison make the most sense but Mrs Jobs would be a smart play by the league I guess.

Slim Charless wrote:

lilfishi22 wrote:

Ghost of Kleine wrote:
In theory yes! If his rich friends/ business sponsors were willing to sponsor him and still give him ultimate autonomy. Although that's probably really rare for rich people to pay for and then surrender full control to a large scale investments. I mean even figureheads have to answer to people too right?

Again, I don't know the history or the inner workings but isn't Jahm Najafi like many many times richer than Sarver?

He's got 5 or so billion I think. Very rich but I don't think he wants it. Iger, like GoK said can't swing (by himself) and would need partners to pull it off.

I maintain this is gonna be a megarich person to outright buy the team. One single person. Bezos or Ellison make the most sense but Mrs Jobs would be a smart play by the league I guess.

Mega rich or just really rich....just as long as they aren't a tightarse or wants to get too involved in the day to day basketball side of things then it's fine.

Slim Charless wrote:

lilfishi22 wrote:

Ghost of Kleine wrote:
In theory yes! If his rich friends/ business sponsors were willing to sponsor him and still give him ultimate autonomy. Although that's probably really rare for rich people to pay for and then surrender full control to a large scale investments. I mean even figureheads have to answer to people too right?

Again, I don't know the history or the inner workings but isn't Jahm Najafi like many many times richer than Sarver?

He's got 5 or so billion I think. Very rich but I don't think he wants it. Iger, like GoK said can't swing (by himself) and would need partners to pull it off.

I maintain this is gonna be a megarich person to outright buy the team. One single person. Bezos or Ellison make the most sense but Mrs Jobs would be a smart play by the league I guess.

$3.5 billion.

Bezos most sense from business and advertising standpoint for the entire NBa. (and Suns standpoint for being able to spend on team and get games easily to watch probably on Prime)..

bwgood77 wrote:

Slim Charless wrote:

lilfishi22 wrote:Again, I don't know the history or the inner workings but isn't Jahm Najafi like many many times richer than Sarver?

He's got 5 or so billion I think. Very rich but I don't think he wants it. Iger, like GoK said can't swing (by himself) and would need partners to pull it off.

I maintain this is gonna be a megarich person to outright buy the team. One single person. Bezos or Ellison make the most sense but Mrs Jobs would be a smart play by the league I guess.

$3.5 billion.

Bezos most sense from business and advertising standpoint for the entire NBa. (and Suns standpoint for being able to spend on team and get games easily to watch probably on Prime)..

The problem I see with Najafi is that he's been an outspoken Sarver critic. No way Sarver hands him the keys.

Simmons and windhorst both said they think we'll go for at least 4 billion....probably a lot more than that.

Whoever buys us should have a good reserve of cash too so tax means little.

Out of curiosity, does anyone know who are the major FAs 2 years from now when Chris comes off the books? I think a max contract offer to Dejounte Murray to make him Booker's partner for the next 5-10 years would look great.

Slim Charless wrote:Simmons and windhorst both said they think we'll go for at least 4 billion....probably a lot more than that.

Whoever buys us should have a good reserve of cash too so tax means little.

Out of curiosity, does anyone know who are the major FAs 2 years from now when Chris comes off the books? I think a max contract offer to Dejounte Murray to make him Booker's partner for the next 5-10 years would look great.

I don't think we will have max cap space. Cam will have a new contract and Booker will have the cap hold for his supermax. Probably something like $120 million spent on 4 players. But could maybe do S&T if we have contract like Duncan Robinson we could get for Craig and Crowder, or maybe Cam or someone else. But money would have to be outgoing I'm sure.

Simmons mentioned that while Sarver can sell the whole thing there's belief hell just sell his 35% controlling stake. This would open up more options because actual cash needed at the sale would be less but that buyer would still control the team.

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WeekapaugGroove wrote:Simmons mentioned that while Sarver can sell the whole thing there's belief hell just sell his 35% controlling stake. This would open up more options because actual cash needed at the sale would be less but that buyer would still control the team.

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I heard him say that too, but idk...I kinda feel the other owners will take the money and run especially if it's Bezos/Ellison. Those 2 guys are uber rich and probably won't want any other voices around with their new investment. Those 2 can also afford to pay off other people-even other rich people.

Slim Charless wrote:

WeekapaugGroove wrote:Simmons mentioned that while Sarver can sell the whole thing there's belief hell just sell his 35% controlling stake. This would open up more options because actual cash needed at the sale would be less but that buyer would still control the team.

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I heard him say that too, but idk...I kinda feel the other owners will take the money and run especially if it's Bezos/Ellison. Those 2 guys are uber rich and probably won't want any other voices around with their new investment. Those 2 can also afford to pay off other people-even other rich people.

Simmons has no idea. A new billionaire owner will want sole investment. Plus, if it's worth 3+ billion, a 35% share would drastically increase the value of what the others put in, at least on paper. I would be pretty surprised if the owner didn't buy the whole team, or at least a minimum 51% of ownership.

It’d be nice if someone like the Google founders like Larry Page or Brin bought the team. We’d basically never have to worry about luxury tax or anything of the sorts.

WeekapaugGroove wrote:Simmons mentioned that while Sarver can sell the whole thing there's belief hell just sell his 35% controlling stake. This would open up more options because actual cash needed at the sale would be less but that buyer would still control the team.

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You would think a 35% stake in a team might be like $300m to $500m (at the top end) but with the way sports teams have appreciated in value, that 35% is easily over a billion now....kind of hard to imagine 15-20 years ago, you could buy a team for well under $1b.

Sarver bought the Suns for $400m and if I had somehow scraped together a 0.25% stake in that (still $1m), I would now be in line for $7.5m. That's an approx 12% annual return...

It's kinda funny we regular folk are debating which mega rich billionaire *we* want to buy a team we have zero financial stakes in (aside from season passes etc) and poo poo'ing certain rich dudes because they aren't rich enough