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Ruiz will try to buy Dolphins and Marlins.

ddann said:
Chump change.
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eric cartman money GIF by South Park


Ruiz making his offer for both teams
 
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People don't know how mega acquisition like this work. Elon Musk is not putting $43 billion only from his own bank account to buy Twitter. He even has foreign investors with him that could draw the fed's scrutiny like TikTok Chinese ownership did.
Foreign money helping Musk buy Twitter
Ruiz could be the lead investor but he doesn't have to come up with all the money needed.

Disclaimer: Hypothetically speaking.
 
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OldhamA said:
Tepper owns the Panthers and whatever the MLS team is called (Charlotte FC?).

The Panthers cost him $2.3bn to give you a ballpark figure for the Dolphins.
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I'd be surprised if the Dolphins went for less than $4B. Maybe more. Especially since its not for sale and they'd have to overpay to pull it onto the market.

The Marlins? 163,000 Turkish lira and a complete collection of Judy Blume books (used).
 
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COCane4Life said:
People are underestimating how much money he will have after they go public. I’ve said this before but I’ll say it again. He’s set to become one of the top 25 wealthiest people in the United States. That kind of money where he won’t be able to spend enough. In about 10-15 years he could easily double his net worth and be around $50B. That’s sooooo much money lol. He can do whatever he wants.
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People don't understand the math. IF the SPAC closes and he becomes worth $32B (nothing is guaranteed and the market is a ****show right now, so IF), he will be able to pretty much buy whatever he wants in this world and his net worth won't even go down. He will be able to generate over $3B a year from his capital without trying.

It's not like he's paying cash. He will use debt which will be collateralized by his vast assets. If he borrows $3B at 3% his payments will only be about $150M a year. An amount he will literally make passively every few weeks while sitting on his ***. And the reality of it is the team will pay the debt from revenue anyway. And his other businesses (and all his new ones) will generate income.

It's called F U money for reason.

If the SPAC doesn't close, and the asset ends up being worth say, a third of the projection in the end, he would still be able to buy the Dolphins and the Marlins with a single phone call to his banker.
 
Southcane said:
People don't know how mega acquisition like this work. Elon Musk is not putting $43 billion only from his own bank account to buy Twitter. He even has foreign investors with him that could draw the fed's scrutiny like TikTok Chinese ownership did.
Foreign money helping Musk buy Twitter
Ruiz could be the lead investor but he doesn't have to come up with all the money needed.

Disclaimer: Hypothetically speaking.
Click to expand...
Was going to chime with some similar thoughts.

when you buy a house, you’re not putting in 100% equity. Far from it. If Ruiz ends up cashing in anywhere near the $20-30 billion we’re talking about, he can buy both franchises no problem. Those things cash flow much better on their own these days given all the new TV money pouring in. He can finance with a nice chunk of debt
 
canegrad said:
NFL owners voted Tuesday to lift the longstanding cross-ownership prohibition, meaning they are now free to own a different professional sports team in cities that have an NFL team. That change, approved at the league's annual fall meeting, could have a significant impact on the sports landscape.Oct 16, 2018
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Didn’t huizenga own the panthers and the dolphins way before 2018?
 
Cryptical Envelopment said:
People don't understand the math. IF the SPAC closes and he becomes worth $32B (nothing is guaranteed and the market is a ****show right now, so IF), he will be able to pretty much buy whatever he wants in this world and his net worth won't even go down. He will be able to generate over $3B a year from his capital without trying.

It's not like he's paying cash. He will use debt which will be collateralized by his vast assets. If he borrows $3B at 3% his payments will only be about $150M a year. An amount he will literally make passively every few weeks while sitting on his ***. And the reality of it is the team will pay the debt from revenue anyway. And his other businesses (and all his new ones) will generate income.

It's called F U money for reason.

If the SPAC doesn't close, and the asset ends up being worth say, a third of the projection in the end, he would still be able to buy the Dolphins and the Marlins with a single phone call to his banker.
Click to expand...
Man I literally had this conversation with someone else. I told them for him to spend $30M a year in NiL money is literally pennies if this SPAC deal closes. He’ll have so much money that even in a **** market he can put a couple hundred million dollars in low risk muni-bonds and make more than enough to pay for the NiL deals plus some. At a certain level of wealth your money is in essence working in perpetuity.

He can easily finance $5B which is hard for most to even fathom.
 
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