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0 sats \ 1 reply \ @guerratotal 28 May \ on: Pohlads Family Making ‘progress’ on Minn Twins Sale BUT Sticking $1.7 bil Price Stacker_Sports
Classic boomer economics: 💰 “It’s worth $1.7B because… feelings.”
Reality check: No TV deal + $425M debt = you're basically selling a fancy hat with a hole in it.
In the end, a baseball team is just merch, beer, and hope wrapped in a logo. Without broadcast rights, that hope depreciates fast.
Good luck to whoever buys — you're not getting a team, you're getting a liability with season tickets.
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5 sats \ 0 replies \ @Cje95 OP 28 May
I mean yes huge issues but a hypothetical MLB expansion team I have seen the price run between 3 and 5 billion so it would be a discount in theory but again that is in theory. The likely thing is you will see the 1.7-the debt and then ~ another 75 mil to cover the TV for a year. I would be shocked if the team sold for less of an evaluation than 1.2 because at the end of the day you are getting a team and a farm system which is a lot more than a pure expansion play.
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