Again going to my portfolio comparison, let's say a person has buys $400,000 worth of stock and over two years that investment increased to $500,000. In the next six months the market has crashed a bit and his $400,000 is only worth $450,000.... has he lost money?
There's no doubt that JH can sell the franchise for more than he initially paid for it but if he doesn't sell it at the highest value ever has he lost money?
It's a mere moment in a man's life between the All-Star game and the Old Timer's game.
-Vin Scully
A look at the farm...
http://news.soxprospects.com/2019/12...yUW0bURwSXFkVs
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If they all sold, today, this might be close to their profits:
http://www.afootinthebox.com/peter/e...nd-value-today
Henry would make more than $2 billion in less than 20 years on a $660M investment (a 300% profit).
Last edited by moonslav59; 12-10-2019 at 10:45 AM.
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First of all I don't believe there were hundreds of sales over the past century. But over the past hundred years several franchises have lost tons of money and were forced to move due to declining attendance and financial problems. The vaunted LA Dodgers were bankrupt five years ago and were under a MLB mandate to reduce debt before the new ownership group took over. So it does happen perhaps more frequently than one realizes.
Championships since purchase by John Henry group: Red Sox 4 Yankees 1
The Red Sox are 8-1 in their last 9 postseason games against the Yankees.
I have no issues with anyone that thinks $35-40M is too much to pay anyone.
I see the value in spreading the risk to 3-4 players. I'll be sad, if Betts leaves us, but I know we will spend the savings somewhere, and if Bloom is as good as it appears he is at finding lower cost gems, maybe you will be right.
I'm not upset. I won't be upset, unless we make poor choices with the savings. That will be years from now.
Sox 4 Ever