Quote:
Originally Posted by myselff77
What’s your point? When he bought the team he was one of the two majority owners. The Buck’s owners basically laid out the framework Sherman & Co desire with building a new arena with connected entertainment district to maximize the value of the franchise and once complete he sold for a giant profit.
As with the hedge fund he operated, seems his intent was to flip it for a huge profit. So, it appears it does happen.
|
It was one owner that only owned 25% of the team. So there is 1 example of an individual and one example of a group selling for profit.
And let's be real, the reason the franchise valuation went up so high is because they became winners not because of a new stadium and entertainment district.
Tons of people can operate a hedge fund. Flipping that for huge profit is a shit ton different than finally becoming majority owner of the team you grew up rooting for and then selling that team for a profit. To act like he's not making 10's of millions a year running the team is laughable.