Joseph Tsai reportedly purchasing remaining 51% share of Brooklyn Nets, for $1.35B
Moderators: Harry Garris, ken6199, Dirk, bisme37, KingDavid, bwgood77, zimpy27, cupcakesnake, Domejandro, infinite11285
Joseph Tsai reportedly purchasing remaining 51% share of Brooklyn Nets, for $1.35B
- RCM88x
- RealGM
- Posts: 15,008
- And1: 18,975
- Joined: May 31, 2015
- Location: Lebron Ball
Joseph Tsai reportedly purchasing remaining 51% share of Brooklyn Nets, for $1.35B
LookToShoot wrote:Melo is the only player that makes the Rockets watchable for the basketball purists. Otherwise it would just be three point shots and pick n roll.
Re: Joseph Tsai reportedly purchasing remaining 51% share of Brooklyn Nets for $2.35B
- Dominator83
- RealGM
- Posts: 19,500
- And1: 29,555
- Joined: Jan 16, 2005
- Location: NBA Hell
Re: Joseph Tsai reportedly purchasing remaining 51% share of Brooklyn Nets for $2.35B
Prokerov cashing out like a champ
Fantasy Hoops/Football/Baseball fans..
For info on a forum that actually talks Fantasy sports and not spammed with soliciting leagues, PM me. The more the merrier !
For info on a forum that actually talks Fantasy sports and not spammed with soliciting leagues, PM me. The more the merrier !
Re: Joseph Tsai reportedly purchasing remaining 51% share of Brooklyn Nets for $2.35B
- RCM88x
- RealGM
- Posts: 15,008
- And1: 18,975
- Joined: May 31, 2015
- Location: Lebron Ball
Re: Joseph Tsai reportedly purchasing remaining 51% share of Brooklyn Nets for $2.35B
Dominater wrote:Prokerov cashing out like a champ
Basically just made $1 Billion in 4 years.
LookToShoot wrote:Melo is the only player that makes the Rockets watchable for the basketball purists. Otherwise it would just be three point shots and pick n roll.
Re: Joseph Tsai reportedly purchasing remaining 51% share of Brooklyn Nets for $2.35B
- levon
- RealGM
- Posts: 14,809
- And1: 23,211
- Joined: Aug 04, 2017
Re: Joseph Tsai reportedly purchasing remaining 51% share of Brooklyn Nets for $2.35B
RCM88x wrote:Dominater wrote:Prokerov cashing out like a champ
Basically just made $1 Billion in 4 years.
Now he can finally afford Clippers season tickets.
Re: Joseph Tsai reportedly purchasing remaining 51% share of Brooklyn Nets for $2.35B
-
- RealGM
- Posts: 19,165
- And1: 17,741
- Joined: Dec 05, 2008
Re: Joseph Tsai reportedly purchasing remaining 51% share of Brooklyn Nets for $2.35B
Hope the deal includes the real estate. Otherwise...yikes!
Edit: I predict these 4B+ sports franchise valuations are going to look terrible sooner rather than later (if not immediately). Using Forbes numbers (2019 Nets = ~50M NI) and an aggressive discounted cash flow analysis over ten years instead of five @ only 5% discount rate, Nets should be worth ~400M.
Perhaps you might argue that's an impractical valuation method because these franchises are really rare pieces of art and hold value beyond the financials. Sure, except there are ~2000 billionaires in the world. Let's assume that 5% are die hard NBA fans and want to own an NBA team regardless of supporting financials. So 100 potential owners, many of which wouldn't be able to come up with the full 4B, and many of which already own an NBA team. Where is the NBA going to get all these future "collectors"?
Edit: I predict these 4B+ sports franchise valuations are going to look terrible sooner rather than later (if not immediately). Using Forbes numbers (2019 Nets = ~50M NI) and an aggressive discounted cash flow analysis over ten years instead of five @ only 5% discount rate, Nets should be worth ~400M.
Perhaps you might argue that's an impractical valuation method because these franchises are really rare pieces of art and hold value beyond the financials. Sure, except there are ~2000 billionaires in the world. Let's assume that 5% are die hard NBA fans and want to own an NBA team regardless of supporting financials. So 100 potential owners, many of which wouldn't be able to come up with the full 4B, and many of which already own an NBA team. Where is the NBA going to get all these future "collectors"?
Re: Joseph Tsai reportedly purchasing remaining 51% share of Brooklyn Nets for $2.35B
- niQ
- Forum Mod - Raptors
- Posts: 15,507
- And1: 29,216
- Joined: Jun 14, 2011
Re: Joseph Tsai reportedly purchasing remaining 51% share of Brooklyn Nets for $2.35B
- RaptorPride
- General Manager
- Posts: 8,708
- And1: 17,505
- Joined: May 16, 2012
Re: Joseph Tsai reportedly purchasing remaining 51% share of Brooklyn Nets for $2.35B
A Canadian brother!
Spoiler:
Re: Joseph Tsai reportedly purchasing remaining 51% share of Brooklyn Nets for $2.35B
-
- Head Coach
- Posts: 6,897
- And1: 6,263
- Joined: Oct 18, 2012
- Location: Ft. Worth
Re: Joseph Tsai reportedly purchasing remaining 51% share of Brooklyn Nets for $2.35B
I think the thread title could use some clarification.
From my reading of the article it seems he already paid $1 billion last year for a minority stake in the team and now he gets to buy the rest of the team for an additional $1.35 billion for a total of $2.35 billion. Not that he's paying $2.35 billion for 51% share of the team. Seems like the most expensive thing ever put on layaway.
From my reading of the article it seems he already paid $1 billion last year for a minority stake in the team and now he gets to buy the rest of the team for an additional $1.35 billion for a total of $2.35 billion. Not that he's paying $2.35 billion for 51% share of the team. Seems like the most expensive thing ever put on layaway.
Re: Joseph Tsai reportedly purchasing remaining 51% share of Brooklyn Nets for $2.35B
-
- Lead Assistant
- Posts: 5,556
- And1: 7,107
- Joined: Mar 10, 2009
Re: Joseph Tsai reportedly purchasing remaining 51% share of Brooklyn Nets for $2.35B
Dolan.. pay attention.
Re: Joseph Tsai reportedly purchasing remaining 51% share of Brooklyn Nets for $2.35B
-
- Head Coach
- Posts: 7,282
- And1: 2,775
- Joined: Feb 09, 2017
Re: Joseph Tsai reportedly purchasing remaining 51% share of Brooklyn Nets for $2.35B
Why does Prokhorov want to sell?
Re: Joseph Tsai reportedly purchasing remaining 51% share of Brooklyn Nets for $2.35B
- RCM88x
- RealGM
- Posts: 15,008
- And1: 18,975
- Joined: May 31, 2015
- Location: Lebron Ball
Re: Joseph Tsai reportedly purchasing remaining 51% share of Brooklyn Nets for $2.35B
Imon wrote:I think the thread title could use some clarification.
From my reading of the article it seems he already paid $1 billion last year for a minority stake in the team and now he gets to buy the rest of the team for an additional $1.35 billion for a total of $2.35 billion. Not that he's paying $2.35 billion for 51% share of the team. Seems like the most expensive thing ever put on layaway.
Yeah, the all reports are pretty missleading, I'll clarify the title.
LookToShoot wrote:Melo is the only player that makes the Rockets watchable for the basketball purists. Otherwise it would just be three point shots and pick n roll.
Re: Joseph Tsai reportedly purchasing remaining 51% share of Brooklyn Nets for $2.35B
- youngthegiant
- Head Coach
- Posts: 6,681
- And1: 5,610
- Joined: Aug 31, 2011
Re: Joseph Tsai reportedly purchasing remaining 51% share of Brooklyn Nets for $2.35B
I thought they would be worth more after KD and Kyrie joined.
Re: Joseph Tsai reportedly purchasing remaining 51% share of Brooklyn Nets for $2.35B
- RCM88x
- RealGM
- Posts: 15,008
- And1: 18,975
- Joined: May 31, 2015
- Location: Lebron Ball
Re: Joseph Tsai reportedly purchasing remaining 51% share of Brooklyn Nets for $2.35B
BoogieTime wrote:Why does Prokhorov want to sell?
Probably needs to help Putin rebuild his nuclear weapons program.
LookToShoot wrote:Melo is the only player that makes the Rockets watchable for the basketball purists. Otherwise it would just be three point shots and pick n roll.
Re: Joseph Tsai reportedly purchasing remaining 51% share of Brooklyn Nets for $2.35B
- LOUiS-D
- Assistant Coach
- Posts: 4,134
- And1: 1,900
- Joined: Jan 19, 2006
- Location: melbourne, australia
Re: Joseph Tsai reportedly purchasing remaining 51% share of Brooklyn Nets for $2.35B
BoogieTime wrote:Why does Prokhorov want to sell?
From what I gather his initial motive to sell a 49% share came after his failed attempt to challenge Putin in the Russian election. I'm not sure about the details of it, but challenging Putin had financial ramifications for him because Putin makes and breaks oligarchs.
Re: Joseph Tsai reportedly purchasing remaining 51% share of Brooklyn Nets for $2.35B
-
- RealGM
- Posts: 10,378
- And1: 12,674
- Joined: Mar 03, 2013
Re: Joseph Tsai reportedly purchasing remaining 51% share of Brooklyn Nets for $2.35B
RCM88x wrote:BoogieTime wrote:Why does Prokhorov want to sell?
Probably needs to help Putin rebuild his nuclear weapons program.
There is something awfully funny about one of America's major sports leagues enriching a Russian oligarch while current Russo-American relations have flared.
folks who quote what I wrote get choked
Re: Joseph Tsai reportedly purchasing remaining 51% share of Brooklyn Nets for $2.35B
- RCM88x
- RealGM
- Posts: 15,008
- And1: 18,975
- Joined: May 31, 2015
- Location: Lebron Ball
Re: Joseph Tsai reportedly purchasing remaining 51% share of Brooklyn Nets for $2.35B
dorkestra wrote:RCM88x wrote:BoogieTime wrote:Why does Prokhorov want to sell?
Probably needs to help Putin rebuild his nuclear weapons program.
There is something awfully funny about one of America's major sports leagues enriching a Russian oligarch in the midst of current Russo-American relations as they are.
Especially with the team going to a man who owns Alibaba and has ties to the Chinese communist party, less than 12 hours after the tariff's on Chinese exports were weakened.
LookToShoot wrote:Melo is the only player that makes the Rockets watchable for the basketball purists. Otherwise it would just be three point shots and pick n roll.
Re: Joseph Tsai reportedly purchasing remaining 51% share of Brooklyn Nets for $2.35B
-
- RealGM
- Posts: 10,378
- And1: 12,674
- Joined: Mar 03, 2013
Re: Joseph Tsai reportedly purchasing remaining 51% share of Brooklyn Nets for $2.35B
RCM88x wrote:dorkestra wrote:RCM88x wrote:
Probably needs to help Putin rebuild his nuclear weapons program.
There is something awfully funny about one of America's major sports leagues enriching a Russian oligarch in the midst of current Russo-American relations as they are.
Especially with the team going to a man who owns Alibaba and has ties to the Chinese communist party, less than 12 hours after the tariff's on Chinese exports were weakened.
Haha exxxxactly
folks who quote what I wrote get choked
Re: Joseph Tsai reportedly purchasing remaining 51% share of Brooklyn Nets for $2.35B
- LOUiS-D
- Assistant Coach
- Posts: 4,134
- And1: 1,900
- Joined: Jan 19, 2006
- Location: melbourne, australia
Re: Joseph Tsai reportedly purchasing remaining 51% share of Brooklyn Nets for $2.35B
RCM88x wrote:dorkestra wrote:RCM88x wrote:
Probably needs to help Putin rebuild his nuclear weapons program.
There is something awfully funny about one of America's major sports leagues enriching a Russian oligarch in the midst of current Russo-American relations as they are.
Especially with the team going to a man who owns Alibaba and has ties to the Chinese communist party, less than 12 hours after the tariff's on Chinese exports were weakened.
I'm calling it now. Kim Jong-Un will buy the Nets for $4.7B less than 6 hours after launching an ICBM at the east coast.
Re: Joseph Tsai reportedly purchasing remaining 51% share of Brooklyn Nets for $2.35B
-
- Senior
- Posts: 655
- And1: 828
- Joined: Aug 05, 2019
Re: Joseph Tsai reportedly purchasing remaining 51% share of Brooklyn Nets for $2.35B
BoogieTime wrote:Why does Prokhorov want to sell?
He paid ~350mn for Nets and OpRights to Barclays.
10x in less than 10 years much?
Re: Joseph Tsai reportedly purchasing remaining 51% share of Brooklyn Nets for $2.35B
-
- Head Coach
- Posts: 7,282
- And1: 2,775
- Joined: Feb 09, 2017
Re: Joseph Tsai reportedly purchasing remaining 51% share of Brooklyn Nets for $2.35B
SWYM wrote:BoogieTime wrote:Why does Prokhorov want to sell?
He paid ~350mn for Nets and OpRights to Barclays.
10x in less than 10 years much?
I understand the team is worth a lot more now, but shouldn’t the team continue to appreciate if the league is healthy?
Either he needs cash now for some reason, has conflicting interests or he foresees the league taking a tailspin