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So what will this mean for the rumours of Kroenke moving the Rams to LA, which was apparently based on him purchasing the Dodgers? Does he still go through with it, or will it help fuel the rumours of him moving them to London?
Edit: And who is the one with the money in this new ownership group? Surely Magic didn't just have a spare $2 billion laying around.
What's so special about the land the stadium is on?
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So what will this mean for the rumours of Kroenke moving the Rams to LA, which was apparently based on him purchasing the Dodgers? Does he still go through with it, or will it help fuel the rumours of him moving them to London?
Edit: And who is the one with the money in this new ownership group? Surely Magic didn't just have a spare $2 billion laying around.
I've never believed Kroenke wanted to move the Rams. He's from Missouri.
Mark Walter is the money man, the CEO of the Guggenheim family's investment company (hence the name of the group)
It's been made very clear that Forbes valuation of sports franchises is a bit far removed from actual data. It's all a guesstimate by them. They don't have the financial figures to determine the true financial value + assets of sports organizations, so they created their own little formula and system for valuating franchises. Just look at how far off they were with their estimated value of the Dodgers.
What's so special about the land the stadium is on?
They make a killing from parking revenues. Low output with high input. McCourt was trying to retain the parking land, but I'm not sure that is part of the $2B purchase. I believe the agreement for him to get a piece of land of Chavez Ravine leads me to believe that MJ's group will gain ownership of the parking lots.
It's been made very clear that Forbes valuation of sports franchises is a bit far removed from actual data. It's all a guesstimate by them. They don't have the financial figures to determine the true financial value + assets of sports organizations, so they created their own little formula and system for valuating franchises. Just look at how far off they were with their estimated value of the Dodgers.
You're right they don't have the data, but they probably just look at the franchise and not other things like potential real estate, that's why their guesses are so far off.
$15 per car at Dodger Stadium according to their website
36,236 per game in 2011, which was well down from the season prior
2.5 people per car [wild guess]
14,494 cars per game
81 home games per season
$17,610,696 dollars per season in parking fees
WOW
$13,000,000 for Rafael Furcal in 2011 according to some website I found
$4,420,000 for Jon Garland according to the same website
$180,000 grand left over to help pay to re-pave the lot and knock out property taxes (which I'm sure are outrageous)
Your most expensive player + a solid vet before you sell a single broadcast right, game ticket or replica hat. Not too shabby ...
$15 per car at Dodger Stadium according to their website
36,236 per game in 2011, which was well down from the season prior
2.5 people per car [wild guess]
14,494 cars per game
81 home games per season
$17,610,696 dollars per season in parking fees
WOW
$13,000,000 for Rafael Furcal in 2011 according to some website I found
$4,420,000 for Jon Garland according to the same website
$180,000 grand left over to help pay to re-pave the lot and knock out property taxes (which I'm sure are outrageous)
Your most expensive player + a solid vet before you sell a single broadcast right, game ticket or replica hat. Not too shabby ...
And that's not including parking revenue from other events held at Dodger Stadium.
I've never believed Kroenke wanted to move the Rams. He's from Missouri.
Mark Walter is the money man, the CEO of the Guggenheim family's investment company (hence the name of the group)
He lives in Colorado and California.
This has not been approved by the MLB owners yet but if Stan still wins he could by the parking lot and build a new stadium there while the dodgers play in the Rose Bowl.
As far as I understand it, the reason the Dodgers are worth so much is because they're open to new TV broadcasting rights, they're not locked into a contract.
Estimates I've seen place a TV deal in the range of $2-$4 billion for a 25 year extension
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Seems like they overpaid to me, but who knows what the other offers were. If the Dodgers turn into contenders, the owners will have no trouble making serious coin though.
$15 per car at Dodger Stadium according to their website
36,236 per game in 2011, which was well down from the season prior
2.5 people per car [wild guess]
14,494 cars per game
81 home games per season
$17,610,696 dollars per season in parking fees
WOW
$13,000,000 for Rafael Furcal in 2011 according to some website I found
$4,420,000 for Jon Garland according to the same website
$180,000 grand left over to help pay to re-pave the lot and knock out property taxes (which I'm sure are outrageous)
Your most expensive player + a solid vet before you sell a single broadcast right, game ticket or replica hat. Not too shabby ...
Hmmm, maybe the City of Glendale was onto something with their $100M valuation of their parking situation, with regards to the Coyotes.....
This has not been approved by the MLB owners yet but if Stan still wins he could by the parking lot and build a new stadium there while the dodgers play in the Rose Bowl.
I thought I read that all 3 bidders were unanimously approved by the owners before the auction?
The Cowboys sit atop the Forbes list as the most valuable North American sports franchise at $1.81 billion.
The value just went up.
Jerry Jones has no interest in selling the Cowboys. But if he did, the sale of the Los Angeles Dodgers for $2 billion just sent his asking price through the Cowboys Stadium roof.
"They probably undervalued it (Cowboys worth) according to the market place here,'' Jones said of the Forbes estimate.
"I don't know how to get my mind or arms around that at all. It certainly wasn't something I might have had in mind when I got involved with the Cowboys and the team.
"It's impressive. It's very impressive.''
In fact, on the world stage, the 2011 list last summer had these:
PollakOnSharks 4:48pm via Web A malprop so perfect it had to be intentional: SportsBiz prof Andrew Zimbalist on NPR makes reference to the Los Angeles Dollars, er Dodgers
The sale must be confirmed in a bankruptcy court hearing by April 13th. The transaction is scheduled to close by April 30th, the same day McCourt must pay his his wife Jamie $131 million in their divorce settlement.
Many sports industry observers are a bit baffled by the record shattering price. The $2.15 billion is nearly double the $1.1 billion that Steve Ross paid for the Miami Dolphins in 2009. McCourt paid $430 million in 2004 to buy the team, Dodger stadium and 250 acres of land from the Fox division of Rupert Murdoch’s News Corporation which had turned the Dodgers into a dog’s breakfast (British term of derision.) Up until the Dodger Billions Bombshell the highest price paid for a baseball team was $845 million for the Chicago Cubs by the Ricketts family in 2009.
The question is how are the new owners going to make their money back and build the asset value of the franchise. Let’s look at their immediate goals and objectives.
1.) Higher tickets prices-check
2.) Stadium naming rights deal-check
3.) Humongously lucrative new TV deal-check
4.) Real Estate development- that will mean writing a bigger check.
5.) Retrofit Dodger stadium-that will also mean writing a really big check, some say $500 million.
...
I’m thinking that baseball is only part of their L.A. Play. We all know that the NFL wants back into Los Angeles. The leading contender for an expansion or relocated franchise or franchises is the Anschutz Entertainment Group (AEG). They operate the Staples Center and the LA Live Entertainment District that is next door to Staples. AEG has a plan to build the new football stadium in the heart of LA Live to create even more synergy. The proposed football stadium comes with a $700 million dollar Farmer’s Insurance naming rights deal.
