Revealed: Secret bid to buy battling Tigers

I think Ive told this story here before, but I have had the pleasure (?) of spending extended time in Benny's company twice.

The first time was after a Tigers GF luncheon and after one thing led to another, I found myself on a table of Benny, Scott Gale, Siro, Steve Ghosn, another bloke and myself. Scott Gale was in the last weeks of his horrible illness and Benny was his minder, helping him, eat, drink, even took him to the bathroom. Scotts mum couldnt have taken better care of him that night and I was so impressed with Benny as a bloke and totally not what I expected. Outside of him looking after Gale, he was a great bloke and great company.

Maybe 5-6 years later I spent the night with him at a corporate charity fundraising event out at Harrington Park. He turned up late, on something (could have just been pissed), loud, big noting himself, loudly asking what the hell he was even doing there. Generally an even worse caricature of what most people think of him.

Two different humans in my experience.
 
@tiger5150 said in [Revealed: Secret bid to buy battling Tigers](/post/1359822) said:
@mike said in [Revealed: Secret bid to buy battling Tigers](/post/1359419) said:
@magpies1963 said in [Revealed: Secret bid to buy battling Tigers](/post/1359330) said:
@cochise said in [Revealed: Secret bid to buy battling Tigers](/post/1355625) said:
@jirskyr said in [Revealed: Secret bid to buy battling Tigers](/post/1355428) said:
@tbones10 said in [Revealed: Secret bid to buy battling Tigers](/post/1355350) said:
@jirskyr said in [Revealed: Secret bid to buy battling Tigers](/post/1355326) said:
For the record I'm not really for or against Benny trying to buy up half of WT.

What I do find interesting is there's been a lot of commentary this year about what Tigers can do differently, given a whole host of coaches, managers, CEOs, staff, players have tried to lift the club to reasonably consistent success, and failed to do so.

It is generally agreed that one of the few consistencies throughout this period has been the board, notwithstanding the Wets 90% buyout of recent years putting it much more firmly in the Wests Ashfield court. We haven't really changed the Board much, aside from the Chairperson.

And a bloke comes along to suggest to buy a stake and shake things up a bit... and the forum reaction appears to be 99% negative. Here's your chance to shake things up folks, we can hardly do much worse on the NRL Ladder or our finals success record. If you are an advocate for shaking up the club structure and ownership, Benny is probably the only bloke who is going to make an offer this side of 2040 (pun intended). Take it or leave it, but if you leave it, you'll need to abandon your complaints about things Wests Ashfield might do in the future.

Hi jirskyr I like that you are looking deeper into it than most, even doing that it still doesn't change the fact that 99.9% of members and fans alike don't trust him. Phenomenal player that he was, it doesn't change the articles that we have read and the stories we have heard.
It also doesn't help he is trying to get involved when the club is well and truly on the rise. The club is going great financially, juniors are firing (2nd in Reggies and Flegg and 4th in the Harold Matts and Tarsha Gale) the $75mil COE is opening shortly, structure and value is being added to all levels of the club and he wants to buy a majority share for what is rumoured to be next years salary cap. During the Taylor and big four era I might have thought about it, but he wasn't there through the bad times, now there is light at the end of the tunnel and he wants in. Go to buggery Ben.

So it appears then, dislike for Benny over-rules desires for change at the top.

It's just interesting to me, because I would had said 50% or more folks would have been interested in a board change after the 2021 season to date. For example, if someone said Dennis Burgess or Simon Cook were stepping down next week, I'm predicting most everyone would quite enthusiastic about a shake-up, not actually having any idea if Dennis or Simon know their stuff, nor who the replacement may be.

But a suggestion of Ben Elias trying to buy a seat, those same folks - aka "everyone" - against it.

It is possible to want changes at board level but to still prefer the current set up to Benny's involvement.

Its kind of like the republican vote in the 99, a lot of people wanted a republic but weren't happy with the model put forward so voted no in the referendum.

I would like change at board level but wouldn't be happy with Benny's involvement so would prefer to keep the current model.

@cochise said:
What happened to the ferocious tiger from about 18 months ago when I first joined our forum, that roared with anger when you mistakenly jumped to the conclusion that I was attempting to put a giant wedge between your beloved Balmain Tigers and my beloved Wests Magpies?

What happened to that ferocious tiger that roared with anger and was prepared to die... for the Wests Tigers, as the club was then, due to his life long and never ending love and passion for the Wests Tigers... as it was then?

We currently have a situation where a very poor example of a human being commonly known as 'back door Benny' and his band of faceless men have a burning desire to take control of Wests Tigers.
As admittedly a truly great player for Balmain Tigers, his never ending love for the Balmain Tigers is his sole reason for the need to control.......Wow!!!

He even tells us [it has nothing to do with the need to accumulate personal $$$] there is no profit to be made out of sporting clubs.......Wow!!!

What a truly unique person he is!!!

The fact he is from the Balmain side of our sporting partnership...do you consider if this goes ahead, this could be the actual giant wedge that breaks the Wests Tigers back?

A couple of sporting personalities with a lot more integrity than 'back door Benny' have suggested there is a need for a NRL team to be centered in Campbelltown, and have further suggested Wests Tigers should locate there and once again become known as Wests Magpies.
What's your opinion on this?

No just no. Campbelltown has been tried and failed for the Wests Magpies. Tried again and failed for the Wests Tigers. There is no need for a third time to know the result.

If Elias gets his hands on the Wests Tigers there won’t be the Wests Tigers. It will be the Gosford Tigers, the Brisbane Tigers or the WA Tigers.

The NRL determines who has the licenses and the NRL won’t have the Western Suburbs Magpies back.


Exactly, Benny hasnt exactly been hiding the ball.

https://www.watoday.com.au/national/western-australia/west-coast-pirates-to-push-for-nrl-spot-20120627-21206.html

I'm over in Perth tonight, so if he hurried up I might catch a game with @gallagher
 
@formerguest said in [Revealed: Secret bid to buy battling Tigers](/post/1360057) said:
@tiger5150 said in [Revealed: Secret bid to buy battling Tigers](/post/1359822) said:
@mike said in [Revealed: Secret bid to buy battling Tigers](/post/1359419) said:
@magpies1963 said in [Revealed: Secret bid to buy battling Tigers](/post/1359330) said:
@cochise said in [Revealed: Secret bid to buy battling Tigers](/post/1355625) said:
@jirskyr said in [Revealed: Secret bid to buy battling Tigers](/post/1355428) said:
@tbones10 said in [Revealed: Secret bid to buy battling Tigers](/post/1355350) said:
@jirskyr said in [Revealed: Secret bid to buy battling Tigers](/post/1355326) said:
For the record I'm not really for or against Benny trying to buy up half of WT.

What I do find interesting is there's been a lot of commentary this year about what Tigers can do differently, given a whole host of coaches, managers, CEOs, staff, players have tried to lift the club to reasonably consistent success, and failed to do so.

It is generally agreed that one of the few consistencies throughout this period has been the board, notwithstanding the Wets 90% buyout of recent years putting it much more firmly in the Wests Ashfield court. We haven't really changed the Board much, aside from the Chairperson.

And a bloke comes along to suggest to buy a stake and shake things up a bit... and the forum reaction appears to be 99% negative. Here's your chance to shake things up folks, we can hardly do much worse on the NRL Ladder or our finals success record. If you are an advocate for shaking up the club structure and ownership, Benny is probably the only bloke who is going to make an offer this side of 2040 (pun intended). Take it or leave it, but if you leave it, you'll need to abandon your complaints about things Wests Ashfield might do in the future.

Hi jirskyr I like that you are looking deeper into it than most, even doing that it still doesn't change the fact that 99.9% of members and fans alike don't trust him. Phenomenal player that he was, it doesn't change the articles that we have read and the stories we have heard.
It also doesn't help he is trying to get involved when the club is well and truly on the rise. The club is going great financially, juniors are firing (2nd in Reggies and Flegg and 4th in the Harold Matts and Tarsha Gale) the $75mil COE is opening shortly, structure and value is being added to all levels of the club and he wants to buy a majority share for what is rumoured to be next years salary cap. During the Taylor and big four era I might have thought about it, but he wasn't there through the bad times, now there is light at the end of the tunnel and he wants in. Go to buggery Ben.

So it appears then, dislike for Benny over-rules desires for change at the top.

It's just interesting to me, because I would had said 50% or more folks would have been interested in a board change after the 2021 season to date. For example, if someone said Dennis Burgess or Simon Cook were stepping down next week, I'm predicting most everyone would quite enthusiastic about a shake-up, not actually having any idea if Dennis or Simon know their stuff, nor who the replacement may be.

But a suggestion of Ben Elias trying to buy a seat, those same folks - aka "everyone" - against it.

It is possible to want changes at board level but to still prefer the current set up to Benny's involvement.

Its kind of like the republican vote in the 99, a lot of people wanted a republic but weren't happy with the model put forward so voted no in the referendum.

I would like change at board level but wouldn't be happy with Benny's involvement so would prefer to keep the current model.

@cochise said:
What happened to the ferocious tiger from about 18 months ago when I first joined our forum, that roared with anger when you mistakenly jumped to the conclusion that I was attempting to put a giant wedge between your beloved Balmain Tigers and my beloved Wests Magpies?

What happened to that ferocious tiger that roared with anger and was prepared to die... for the Wests Tigers, as the club was then, due to his life long and never ending love and passion for the Wests Tigers... as it was then?

We currently have a situation where a very poor example of a human being commonly known as 'back door Benny' and his band of faceless men have a burning desire to take control of Wests Tigers.
As admittedly a truly great player for Balmain Tigers, his never ending love for the Balmain Tigers is his sole reason for the need to control.......Wow!!!

He even tells us [it has nothing to do with the need to accumulate personal $$$] there is no profit to be made out of sporting clubs.......Wow!!!

What a truly unique person he is!!!

The fact he is from the Balmain side of our sporting partnership...do you consider if this goes ahead, this could be the actual giant wedge that breaks the Wests Tigers back?

A couple of sporting personalities with a lot more integrity than 'back door Benny' have suggested there is a need for a NRL team to be centered in Campbelltown, and have further suggested Wests Tigers should locate there and once again become known as Wests Magpies.
What's your opinion on this?

No just no. Campbelltown has been tried and failed for the Wests Magpies. Tried again and failed for the Wests Tigers. There is no need for a third time to know the result.

If Elias gets his hands on the Wests Tigers there won’t be the Wests Tigers. It will be the Gosford Tigers, the Brisbane Tigers or the WA Tigers.

The NRL determines who has the licenses and the NRL won’t have the Western Suburbs Magpies back.


Exactly, Benny hasnt exactly been hiding the ball.

https://www.watoday.com.au/national/western-australia/west-coast-pirates-to-push-for-nrl-spot-20120627-21206.html

I'm over in Perth tonight, so if he hurried up I might catch a game with @gallagher

Do you boo? Because I'm a big booer
 
@gallagher said in [Revealed: Secret bid to buy battling Tigers](/post/1360061) said:
@formerguest said in [Revealed: Secret bid to buy battling Tigers](/post/1360057) said:
@tiger5150 said in [Revealed: Secret bid to buy battling Tigers](/post/1359822) said:
@mike said in [Revealed: Secret bid to buy battling Tigers](/post/1359419) said:
@magpies1963 said in [Revealed: Secret bid to buy battling Tigers](/post/1359330) said:
@cochise said in [Revealed: Secret bid to buy battling Tigers](/post/1355625) said:
@jirskyr said in [Revealed: Secret bid to buy battling Tigers](/post/1355428) said:
@tbones10 said in [Revealed: Secret bid to buy battling Tigers](/post/1355350) said:
@jirskyr said in [Revealed: Secret bid to buy battling Tigers](/post/1355326) said:
For the record I'm not really for or against Benny trying to buy up half of WT.

What I do find interesting is there's been a lot of commentary this year about what Tigers can do differently, given a whole host of coaches, managers, CEOs, staff, players have tried to lift the club to reasonably consistent success, and failed to do so.

It is generally agreed that one of the few consistencies throughout this period has been the board, notwithstanding the Wets 90% buyout of recent years putting it much more firmly in the Wests Ashfield court. We haven't really changed the Board much, aside from the Chairperson.

And a bloke comes along to suggest to buy a stake and shake things up a bit... and the forum reaction appears to be 99% negative. Here's your chance to shake things up folks, we can hardly do much worse on the NRL Ladder or our finals success record. If you are an advocate for shaking up the club structure and ownership, Benny is probably the only bloke who is going to make an offer this side of 2040 (pun intended). Take it or leave it, but if you leave it, you'll need to abandon your complaints about things Wests Ashfield might do in the future.

Hi jirskyr I like that you are looking deeper into it than most, even doing that it still doesn't change the fact that 99.9% of members and fans alike don't trust him. Phenomenal player that he was, it doesn't change the articles that we have read and the stories we have heard.
It also doesn't help he is trying to get involved when the club is well and truly on the rise. The club is going great financially, juniors are firing (2nd in Reggies and Flegg and 4th in the Harold Matts and Tarsha Gale) the $75mil COE is opening shortly, structure and value is being added to all levels of the club and he wants to buy a majority share for what is rumoured to be next years salary cap. During the Taylor and big four era I might have thought about it, but he wasn't there through the bad times, now there is light at the end of the tunnel and he wants in. Go to buggery Ben.

So it appears then, dislike for Benny over-rules desires for change at the top.

It's just interesting to me, because I would had said 50% or more folks would have been interested in a board change after the 2021 season to date. For example, if someone said Dennis Burgess or Simon Cook were stepping down next week, I'm predicting most everyone would quite enthusiastic about a shake-up, not actually having any idea if Dennis or Simon know their stuff, nor who the replacement may be.

But a suggestion of Ben Elias trying to buy a seat, those same folks - aka "everyone" - against it.

It is possible to want changes at board level but to still prefer the current set up to Benny's involvement.

Its kind of like the republican vote in the 99, a lot of people wanted a republic but weren't happy with the model put forward so voted no in the referendum.

I would like change at board level but wouldn't be happy with Benny's involvement so would prefer to keep the current model.

@cochise said:
What happened to the ferocious tiger from about 18 months ago when I first joined our forum, that roared with anger when you mistakenly jumped to the conclusion that I was attempting to put a giant wedge between your beloved Balmain Tigers and my beloved Wests Magpies?

What happened to that ferocious tiger that roared with anger and was prepared to die... for the Wests Tigers, as the club was then, due to his life long and never ending love and passion for the Wests Tigers... as it was then?

We currently have a situation where a very poor example of a human being commonly known as 'back door Benny' and his band of faceless men have a burning desire to take control of Wests Tigers.
As admittedly a truly great player for Balmain Tigers, his never ending love for the Balmain Tigers is his sole reason for the need to control.......Wow!!!

He even tells us [it has nothing to do with the need to accumulate personal $$$] there is no profit to be made out of sporting clubs.......Wow!!!

What a truly unique person he is!!!

The fact he is from the Balmain side of our sporting partnership...do you consider if this goes ahead, this could be the actual giant wedge that breaks the Wests Tigers back?

A couple of sporting personalities with a lot more integrity than 'back door Benny' have suggested there is a need for a NRL team to be centered in Campbelltown, and have further suggested Wests Tigers should locate there and once again become known as Wests Magpies.
What's your opinion on this?

No just no. Campbelltown has been tried and failed for the Wests Magpies. Tried again and failed for the Wests Tigers. There is no need for a third time to know the result.

If Elias gets his hands on the Wests Tigers there won’t be the Wests Tigers. It will be the Gosford Tigers, the Brisbane Tigers or the WA Tigers.

The NRL determines who has the licenses and the NRL won’t have the Western Suburbs Magpies back.


Exactly, Benny hasnt exactly been hiding the ball.

https://www.watoday.com.au/national/western-australia/west-coast-pirates-to-push-for-nrl-spot-20120627-21206.html

I'm over in Perth tonight, so if he hurried up I might catch a game with @gallagher

Do you boo? Because I'm a big booer

You'd be making up for me, though I will join in as the opposition take the field.
 
Too tired after thousands of kilometres on the road in the past week to read through this and catch up, so a short run-down on where this bid is at please anyone?
 
@formerguest said in [Revealed: Secret bid to buy battling Tigers](/post/1360070) said:
Too tired after thousands of kilometres on the road in the past week to read through this and catch up, so a short run-down on where this bid is at please anyone?

No new news since last week mate, WA board was apparently meeting tonight to discuss the offer
 
@cochise said in [Revealed: Secret bid to buy battling Tigers](/post/1360072) said:
@formerguest said in [Revealed: Secret bid to buy battling Tigers](/post/1360070) said:
Too tired after thousands of kilometres on the road in the past week to read through this and catch up, so a short run-down on where this bid is at please anyone?

No new news since last week mate, WA board was apparently meeting tonight to discuss the offer

Didn't a meeting happen last night ??
 
@happy_tiger said in [Revealed: Secret bid to buy battling Tigers](/post/1360243) said:
@cochise said in [Revealed: Secret bid to buy battling Tigers](/post/1360072) said:
@formerguest said in [Revealed: Secret bid to buy battling Tigers](/post/1360070) said:
Too tired after thousands of kilometres on the road in the past week to read through this and catch up, so a short run-down on where this bid is at please anyone?

No new news since last week mate, WA board was apparently meeting tonight to discuss the offer

Didn't a meeting happen last night ??



Ssssshhhhh!
It's secret.
 
@tiger_one said in [Revealed: Secret bid to buy battling Tigers](/post/1360260) said:
@happy_tiger said in [Revealed: Secret bid to buy battling Tigers](/post/1360243) said:
@cochise said in [Revealed: Secret bid to buy battling Tigers](/post/1360072) said:
@formerguest said in [Revealed: Secret bid to buy battling Tigers](/post/1360070) said:
Too tired after thousands of kilometres on the road in the past week to read through this and catch up, so a short run-down on where this bid is at please anyone?

No new news since last week mate, WA board was apparently meeting tonight to discuss the offer

Didn't a meeting happen last night ??



Ssssshhhhh!
It's secret.

Ok sorry ...allegedly Benny didn't leave a huge wad of counterfeit notes at an alleged meeting last night that didn't happen ...allegedly ...is that better
 
@happy_tiger said in [Revealed: Secret bid to buy battling Tigers](/post/1360243) said:
@cochise said in [Revealed: Secret bid to buy battling Tigers](/post/1360072) said:
@formerguest said in [Revealed: Secret bid to buy battling Tigers](/post/1360070) said:
Too tired after thousands of kilometres on the road in the past week to read through this and catch up, so a short run-down on where this bid is at please anyone?

No new news since last week mate, WA board was apparently meeting tonight to discuss the offer

Didn't a meeting happen last night ??

I wrote that last night
 
@cochise said in [Revealed: Secret bid to buy battling Tigers](/post/1360288) said:
@happy_tiger said in [Revealed: Secret bid to buy battling Tigers](/post/1360243) said:
@cochise said in [Revealed: Secret bid to buy battling Tigers](/post/1360072) said:
@formerguest said in [Revealed: Secret bid to buy battling Tigers](/post/1360070) said:
Too tired after thousands of kilometres on the road in the past week to read through this and catch up, so a short run-down on where this bid is at please anyone?

No new news since last week mate, WA board was apparently meeting tonight to discuss the offer

Didn't a meeting happen last night ??

I wrote that last night
[/QUOTE]

@cochise My apologies for yesterdays rant :rage said:
Depression for a number of reasons got the better of me 😛ensive:
It wont happen again :mask:
 
@magpies1963 said in [Revealed: Secret bid to buy battling Tigers](/post/1360303) said:
@cochise said in [Revealed: Secret bid to buy battling Tigers](/post/1360288) said:
@happy_tiger said in [Revealed: Secret bid to buy battling Tigers](/post/1360243) said:
@cochise said in [Revealed: Secret bid to buy battling Tigers](/post/1360072) said:
@formerguest said in [Revealed: Secret bid to buy battling Tigers](/post/1360070) said:
Too tired after thousands of kilometres on the road in the past week to read through this and catch up, so a short run-down on where this bid is at please anyone?

No new news since last week mate, WA board was apparently meeting tonight to discuss the offer

Didn't a meeting happen last night ??

I wrote that last night

@cochise My apologies for yesterdays rant :rage said:
Depression for a number of reasons got the better of me 😛ensive:
It wont happen again :mask:

Mate no need to apologise, believe me I understand the impact depression can have, I apologise if I added to that yesterday as that is the last thing I would ever want to do.

If you ever need anything feel free to reach out.
 
Mate no need to apologise, believe me I understand the impact depression can have, I apologise if I added to that yesterday as that is the last thing I would ever want to do.

If you ever need anything feel free to reach out.

THIS is why I love this forum, people can disagree, apologise and support each other.
Both you guys just showed how kindness matters and what beautiful people you are.
We all love our football but at the end of the day it is just a game and life has far greater challenges to deal with. Depression is a real demon and you never know what someone might be dealing with in the real world, be kind.
Proud of you guys.
 
@cochise said in [Revealed: Secret bid to buy battling Tigers](/post/1360371) said:
@magpies1963 said in [Revealed: Secret bid to buy battling Tigers](/post/1360303) said:
@cochise said in [Revealed: Secret bid to buy battling Tigers](/post/1360288) said:
@happy_tiger said in [Revealed: Secret bid to buy battling Tigers](/post/1360243) said:
@cochise said in [Revealed: Secret bid to buy battling Tigers](/post/1360072) said:
@formerguest said in [Revealed: Secret bid to buy battling Tigers](/post/1360070) said:
Too tired after thousands of kilometres on the road in the past week to read through this and catch up, so a short run-down on where this bid is at please anyone?

No new news since last week mate, WA board was apparently meeting tonight to discuss the offer

Didn't a meeting happen last night ??

I wrote that last night

@cochise My apologies for yesterdays rant :rage said:
Depression for a number of reasons got the better of me 😛ensive:
It wont happen again :mask:

Mate no need to apologise, believe me I understand the impact depression can have, I apologise if I added to that yesterday as that is the last thing I would ever want to do.

If you ever need anything feel free to reach out.
[/QUOTE]

 
@krissy said in [Revealed: Secret bid to buy battling Tigers](/post/1360388) said:
Mate no need to apologise, believe me I understand the impact depression can have, I apologise if I added to that yesterday as that is the last thing I would ever want to do.

If you ever need anything feel free to reach out.

THIS is why I love this forum, people can disagree, apologise and support each other.
Both you guys just showed how kindness matters and what beautiful people you are.
We all love our football but at the end of the day it is just a game and life has far greater challenges to deal with. Depression is a real demon and you never know what someone might be dealing with in the real world, be kind.
Proud of you guys.

:hugging_face: :hugging_face: :hugging_face:
 
@tigertownsfs said in [Revealed: Secret bid to buy battling Tigers](/post/1360047) said:
@tiger5150 said in [Revealed: Secret bid to buy battling Tigers](/post/1360045) said:
@tigertownsfs said in [Revealed: Secret bid to buy battling Tigers](/post/1360043) said:
@tiger5150 said in [Revealed: Secret bid to buy battling Tigers](/post/1360042) said:
@tigertownsfs said in [Revealed: Secret bid to buy battling Tigers](/post/1360039) said:
@tiger5150 said in [Revealed: Secret bid to buy battling Tigers](/post/1360034) said:
@tigertownsfs said in [Revealed: Secret bid to buy battling Tigers](/post/1360030) said:
@tiger5150 said in [Revealed: Secret bid to buy battling Tigers](/post/1359999) said:
@tigertownsfs said in [Revealed: Secret bid to buy battling Tigers](/post/1359989) said:
@tiger5150 said in [Revealed: Secret bid to buy battling Tigers](/post/1359957) said:
In 2002 Wilpon bought the remaining 50% of the club for US$135M (valuing the club at US$270M). 10 years later the club has equity less debt of US$2.3B, without even considering capital gains on fixed assets and is purchased for US$2.4B. You are not only calling this a "passion purchase", but comparing it to NRL clubs. Twiggy, Palmer and Tinkler?

Wow......

https://www.nydailynews.com/sports/baseball/mets/ny-timeline-of-wilpon-ownership-of-mets-20201031-ya5m63ktynfufoy2wn4ntv3kii-story.html

I can’t work out if you are a troll or just bad at maths (or both). The previous owner bought the club in 2002 at a valuation of the equity (the ownership right) of $270m. They then hold it for 18 years, collect something like $150m of operating profit in 2003 - 2019 and then lose $125m in 2020. Then sell the equity (ownership right) for $2.4b. They have net collected virtually no income from the asset and have sold for a valuation $2b higher despite the fact the asset barely covers its running costs. Rich people like owning things like sports teams because they are fans. What did Mike Cannon Brooks do after buying up the best Sydney real estate? He bought a share of the Houston Rockets because he’s always been a fan.

Anyway mate, if you can’t see the logic I think it’s time I moved on. If this was just a troll: well done you got me


Not trolling, just financially literate.

Equity is not ownership right. Equity is assets less liability. According to Forbes this is US$2.3B (excluding fixed assets). The numbers you keep quoting are operating income (operating gross profit). You are making the error that the only assets they have are realised operating income (profit) but this is not the way it works. Cohen bought a company that has equity less debts of $2.3B and earns US$10M operating profit a year for US$2.4B. These numbers exclude capital gains on fixed assets. That is a great buy....a LONG way from a "passion Purchase".

https://www.forbes.com/sites/mikeozanian/2019/04/10/baseball-team-values-2019-yankees-lead-league-at-46-billion/?sh=4f40acef69b2

My maths is right, as is my financial literacy......but lets for the sake of the argument say Im completely wrong and and a complete financial moron. What did Wilpon buy the Mets for? (answer US$270M) What did he sell for? (Answer US$2,4B). Did he make a profit? Is there a market for MLB clubs?

Ok.........now tell me what Twiggy, Palmer and Tinkler bought their clubs for and what they sold it for............then try to educate me that there is no market for MLB (other than "Passion Purchases") and there is a market in Australia for NRL clubs. I'll wait.

Yes mate, you are financially illiterate.


Ok ....me and Forbes have it wrong and you have it right. I'll allow you a graceful exit despite you not correcting anything Ive laid out.

Dude, the Forbes article quotes the Forbes hypothetical valuation of what it thinks the assets are worth, it is not a market. It’s the equivalent of a real estate agent guesstimating what your house is worth. The “enterprise value” will be driven by what other owners are paying the other clubs and inferring what the Mets are worth (helped by the fact that the Mets were actually bought for $2.4b in 2020).


Its simply not. Do you even know what a balance sheet is? You've already proved you dont know what equity is. Now you are proving you dont know what enterprise value is. Best you slip out now.
Forbes arent guessing anything, they are calculating the value of the company from solid data and assets and it is valued at US$2.3B.

You have no idea what you are talking about and we are boring everyone here.

https://corporatefinanceinstitute.com/resources/knowledge/valuation/what-is-equity-value/

If only you knew me


Are you kind of a big deal?

Maybe I’m Benny....

If you are, please leave the forum.
 
@cochise said in [Revealed: Secret bid to buy battling Tigers](/post/1360371) said:
@magpies1963 said in [Revealed: Secret bid to buy battling Tigers](/post/1360303) said:
@cochise said in [Revealed: Secret bid to buy battling Tigers](/post/1360288) said:
@happy_tiger said in [Revealed: Secret bid to buy battling Tigers](/post/1360243) said:
@cochise said in [Revealed: Secret bid to buy battling Tigers](/post/1360072) said:
@formerguest said in [Revealed: Secret bid to buy battling Tigers](/post/1360070) said:
Too tired after thousands of kilometres on the road in the past week to read through this and catch up, so a short run-down on where this bid is at please anyone?

No new news since last week mate, WA board was apparently meeting tonight to discuss the offer

Didn't a meeting happen last night ??

I wrote that last night

@cochise My apologies for yesterdays rant :rage said:
Depression for a number of reasons got the better of me 😛ensive:
It wont happen again :mask:

Mate no need to apologise, believe me I understand the impact depression can have, I apologise if I added to that yesterday as that is the last thing I would ever want to do.

If you ever need anything feel free to reach out.

He is a ranga ..he fully understands .....
 
@dwight-schrute said in [Revealed: Secret bid to buy battling Tigers](/post/1360529) said:
Benny's bid officially REJECTED.


Where did you see that? If its true its the better of the 2 alternatives
 
@dwight-schrute said in [Revealed: Secret bid to buy battling Tigers](/post/1360529) said:
Benny's bid officially REJECTED.

Is that a secret
 
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