Sarver and the Arena deal

LukasBMW · Post #1 » by **LukasBMW** » Fri Feb 8, 2019 8:57 pm

Serious question:

Now that the renovation for America West Arena (Yes...it still is America West Arena to me) has been approved...

What are the chances Sarver sells?

He's got a refreshed arena approved, a young roster, cap flexibility, and the arena deal makes it very expensive for a new owner to move the Suns out of state.

Someone will offer $1 billion or more.

Do you think he cashes out?

If he sells now to a new owner who keeps the team in Phoenix, he (somewhat) saves face with the fans. (OK, I sucked as an owner, but at least I kept the team in Phoenix, got a fully arena renovation approved, and built a young roster. Now I can cash out and go back to what I'm good at.)

Calvin Klein · Post #2 » by **Calvin Klein** » Fri Feb 8, 2019 8:59 pm

We can dream.

cberry78 · Post #3 » by **cberry78** » Fri Feb 8, 2019 9:31 pm

Highly unlikely, the Suns are a cash cow for him right now.

There was an article recently (https://www.forbes.com/teams/phoenix-suns/) which said the Suns as an organization had increased in value something like 17% in the last year. The team is now worth $1.5 BILLION, and brings in almost $250 MILLION in revenue each year. Not bad for a $400 MILLION original investment.

So, yeah, highly doubtful he sells the team anytime soon - ESPECIALLY after getting the new arena deal.

LukasBMW · Post #4 » by **LukasBMW** » Sat Feb 9, 2019 5:09 am

cberry78 wrote:Highly unlikely, the Suns are a cash cow for him right now.

There was an article recently (https://www.forbes.com/teams/phoenix-suns/) which said the Suns as an organization had increased in value something like 17% in the last year. The team is now worth $1.5 BILLION, and brings in almost $250 MILLION in revenue each year. Not bad for a $400 MILLION original investment.

So, yeah, highly doubtful he sells the team anytime soon - ESPECIALLY after getting the new arena deal.

Perfect time to cash out. Capital gains are cheap now and with Trump in office..they won't get any cheaper.

Next recession is on the way too. Sarver should load up on cash, wait for the crash, and then buy real estate. Then he can buy another NBA franchise at a discount.

@SarverBurnerAccount @AssClownEvilDBag @worthlessjackassowner

(I tagged Sarver's burner accounts so he see's this thread)