jirskyr
Well-known member
- Joined
- Jul 13, 2009
- Messages
- 13,891
@tiger5150 said in [Revealed: Secret bid to buy battling Tigers](/post/1505953) said:@finesttigers said in [Revealed: Secret bid to buy battling Tigers](/post/1505911) said:@avocadoontoast said in [Revealed: Secret bid to buy battling Tigers](/post/1505906) said:@cktiger said in [Revealed: Secret bid to buy battling Tigers](/post/1505896) said:@finesttigers said in [Revealed: Secret bid to buy battling Tigers](/post/1505886) said:@tigertownsfs said in [Revealed: Secret bid to buy battling Tigers](/post/1505858) said:What an absolute powerhouse South’s are and what a great ownership model.
‘Humbled’ tech billionaire Cannon-Brookes buys stake in Rabbitohs
Adam Pengilly
By Adam Pengilly
November 15, 2021 — 7.36am
If it was a business investment choice between the rabbits or the WT, A smart businessman would invest in the WT without even thinking twice,
The rabbitohs should be very grateful to have found another philanthropist.
Thankful they’ve found another idiot.
Must be big money to be made from a fan base of the brainless and toothless.
Cannon-Brookes isn’t an idiot. Started his own business from scratch and now worth $40bn. He’s an absolute gun.
So, if we take this as a business investment,
Why do you think that this businessman would invest in the rabbitohs and not in a club like the WT.
What would be the big business attraction looking into the future?
It can't be population and growth, but that's where the business is.
Its a plaything.
The article touts this investment as a positive and as some great piece of business however it is actually not and if anything is actually a negative. As previously pointed out, Cannon Brookes is worth $40B, this is throw away money for him and Im sure he does not expect a ROI for this money because he wont get any.
The news that is not being emphasised in this article, is that this "investment" by CB does not increase the value, or the capital of Souffs by $1.00. Rusty & HaC have simply found their own fairy godfather and partially divested their shares. This is not increased investment, this is Rusty & HaC "getting out".
I'd definitely buy 25% of Wests Tigers if I had $40B. But first I'd probably snort a yachtload of cocaine whilst I sailed around the European isles for several months.