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 Post subject: Re: Cohen increases Met investment (80%)/ Wilpons out by 202
PostPosted: Wed Feb 19, 2020 2:31 pm 
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St Lucie and Syracuse teams seem to be a part of the deal also now. Not Brooklyn though.


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 Post subject: Re: Cohen increases Met investment (80%)/ Wilpons out by 202
PostPosted: Wed Feb 19, 2020 2:39 pm 
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zaknim wrote:
St Lucie and Syracuse teams seem to be a part of the deal also now. Not Brooklyn though.

The Cyclones thought Jeff was annoying before. Wait until they're the only team he owns.


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 Post subject: Re: Cohen increases Met investment (80%)/ Wilpons out by 202
PostPosted: Wed Feb 19, 2020 2:44 pm 
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zaknim wrote:
St Lucie and Syracuse teams seem to be a part of the deal also now. Not Brooklyn though.


Believe those are just part of Mets team assets, so was likely a part of any prior sale process as well. I don't think those are accretive to the value in any way, and I would also be shocked if that wasn't just an error re: saying 2 versus 3 team-owned minor league affiliates were involved.


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 Post subject: Re: Cohen increases Met investment (80%)/ Wilpons out by 202
PostPosted: Wed Feb 19, 2020 2:46 pm 
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Hilltop wrote:
I wonder how much "power" Manfred will have after the Astros/Red Sox scandals peter out. Seems most of the players are pissed at him and I would wager more than a few owners feel the same way.


The same as he's always had: none.

He works for the owners, and only for the owners.


8)

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Whatever.

8)


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 Post subject: Re: Cohen increases Met investment (80%)/ Wilpons out by 202
PostPosted: Tue Mar 24, 2020 11:55 pm 
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https://www.forbes.com/sites/mikeozania ... f89c23679e

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MarkJohnson>You wrote:

Yeah, and if you're using the "He's 19" logic, then I guess the best report a scout could give us is:


"I have no idea. He's a teenager. He may go through 5 arm surgeries between now and his 30th birthday. He may add a pitch. He may lose a pitch. He may put on 30 lbs and add velocity. He may put on 50 lbs and eat his way out of the league. I literally have no idea what he is going to be."

But thats not what these guys are paid to do, nor what we are looking for them to do, right?


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 Post subject: Re: Cohen increases Met investment (80%)/ Wilpons out by 202
PostPosted: Wed Mar 25, 2020 3:27 am 
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Quote:
What sports bankers are telling me is that they don’t think team values have really been affected by the postponed season. Yes, revenue from ballparks, like ticket sales, will be lost. And a recession would likely result in a drop in overall league attendance (although some big-market teams could actually see their attendance increase). Still, potential team buyers are looking at the drop in revenue as a temporary problem because once baseball resumes, perhaps in May, such revenue should normalize even if the economy is in a recession.



Quote:
The problem right now is that the deal market is paralyzed, not because teams aren’t playing or because revenue will take a hit, but because prospective buyers are in shock over the stock market volatility and because the net worths of many potential buyers have dropped significantly the past few weeks as equity prices have plummeted.



Quote:
What about the sale of the New York Mets, whose original $2.6 billion deal with Steve Cohen fell apart before the coronavirus became widespread in the U.S.? I still think Cohen will buy the team, even though his quantitative trading group has reportedly lost about 22% thus far in March. He still has the money—at least for now—to buy the team, and the collapsing stock market has left him with fewer competitors.

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MarkJohnson>You wrote:

Yeah, and if you're using the "He's 19" logic, then I guess the best report a scout could give us is:


"I have no idea. He's a teenager. He may go through 5 arm surgeries between now and his 30th birthday. He may add a pitch. He may lose a pitch. He may put on 30 lbs and add velocity. He may put on 50 lbs and eat his way out of the league. I literally have no idea what he is going to be."

But thats not what these guys are paid to do, nor what we are looking for them to do, right?


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