The Josh Harris/Mitchell Rales group, which nows includes Magic Johnson, officially has submitted a fully-financed bid that meets Dan Snyder’s $6 billion asking price, per source.
The Josh Harris/Mitchell Rales group, which nows includes Magic Johnson, officially has submitted a fully-financed bid that meets Dan Snyder’s $6 billion asking price, per source.
Owning an nfl team is the definition of grift. If you can fail for decades, he overwhelmingly rejected and despised by the fans who finance the team, all while breaking crimes that are probably criminal and likely very bad… And then as punishment after decades of getting away with it, trot off into the sunset with $5B in profit…. And yet these owners bitch every single CBA that they are losing money….
there needs to be skin in the game. Bad owners should feel some hurt when they do poorly. [Reply]
How many Americans have $5-$6 BILLION to spend on a football team and have billions left over? Then they have to care? They can be doing anything this whole world has to offer. Is a football team what they want? Can get fellow owners to approve? [Reply]
Originally Posted by chiefzilla1501:
Owning an nfl team is the definition of grift. If you can fail for decades, he overwhelmingly rejected and despised by the fans who finance the team, all while breaking crimes that are probably criminal and likely very bad… And then as punishment after decades of getting away with it, trot off into the sunset with $5B in profit…. And yet these owners bitch every single CBA that they are losing money….
there needs to be skin in the game. Bad owners should feel some hurt when they do poorly.
Late stage monopoly capitalism at its finest.
Publicly financed, low risk, high margin legacy business. [Reply]
