Could the Saudis PGA the NFL? - Page 2

Cobra Mgr · 06-22-2023, 05:04 PM

Qatar buys stake in Wizards/Capitals/Mystics.

Marinersfan51 · 06-22-2023, 06:43 PM

They paid $4B for a 5% stake in the Wizards and Caps, that seems really high unless I am missing something. I guess technically there is a TV network and the stadium in the company too, but still that is a huge premium.

Cobra Mgr · 06-22-2023, 07:15 PM

Quote:

Originally Posted by Marinersfan51

They paid $4B for a 5% stake in the Wizards and Caps, that seems really high unless I am missing something. I guess technically there is a TV network and the stadium in the company too, but still that is a huge premium.

That was all they could find in their couch cushions.

Westheim · 06-23-2023, 12:55 AM

Quote:

Originally Posted by Cobra Mgr

That was all they could find in their couch cushions.

Pathetic. At least I sometimes find chips and bits of cookie from last year in there.

(nervous laughter)

snarls200 · 06-23-2023, 12:47 PM

Quote:

Originally Posted by Marinersfan51

They paid $4B for a 5% stake in the Wizards and Caps, that seems really high unless I am missing something. I guess technically there is a TV network and the stadium in the company too, but still that is a huge premium.

By the way the article is written the fund will pay around $200 million for a 5% stake.

Marinersfan51 · 06-23-2023, 01:05 PM

Quote:

Originally Posted by snarls200

By the way the article is written the fund will pay around $200 million for a 5% stake.

It looks like the articles are getting updated to clarify that it was a $4B overall valuation for Monument Sports, not actually a $4B dollar deal like was getting reported yesterday. That makes way more sense. Paying a huge premium for a minority stake seemed odd. This seems like more of a financial investment since US sports ownership is a huge cash cow.

Amazin69 · 06-23-2023, 09:13 PM

Quote:

Originally Posted by Westheim

Pathetic. At least I sometimes find chips and bits of cookie from last year in there.

(nervous laughter)

I found a potato chip in my glass of water today.

That's one way to deal with the salt, I suppose.

06-22-2023, 05:04 PM	#21
Cobra Mgr Hall Of Famer Join Date: Jul 2015 Location: Parts unknown Posts: 8,024	Qatar buys stake in Wizards/Capitals/Mystics. __________________ If a man is guilty 4 what goes on inside of his mind, then let me get the electric chair 4 all my future crimes. - Prince Batdance June 7, 1958 - Apr 21, 2016

06-22-2023, 06:43 PM	#22
Marinersfan51 All Star Reserve Join Date: Dec 2009 Posts: 776	They paid $4B for a 5% stake in the Wizards and Caps, that seems really high unless I am missing something. I guess technically there is a TV network and the stadium in the company too, but still that is a huge premium.