What does this mean for us?

Another of the ownership partners gone. We lost one to buy the browns and now one bought the panthers. What does this do for our cash flow?

 

Nothing really.


It has to be given the okay by the league to begin with. Once that is done, he has to sell 5% of his minority stake in the team for the purchase to be final.


Outside of that, no financial issues.

 

Is that 5% split by the remaining partners? Someone has to make up that money somehow, right?

 

Don't think it does anything to our cash flow. His interest was sold to the other LPs and I'm sure that's at least a portion of the capital that he used to buy his interest in the Panthers. Same with Haslam. I'm sure the NFL has a group of Investment Bankers they work with and they probably executed a Leveraged Buyout (LBO) to acquire the partner's interest, which could have been divided equally among the other partners or some variation of that. I'll betcha the Rooney family did okay.

 

I gotcha. Thanks guys. I hope it doesn't hurt us somehow. I remember a couple of years back the Rooney's had to come up with some money for the brothers shares or something, when the transfer happened. There was something that came due.

 

It just mean that we may lose a couple of administrative staff

 

Do you honestly think they would have trouble selling a 5% stake in the Steelers? Honestly? Cripes, a 5% stake in the Browns wouldn't be on the market for more than a day.

 

Of course not, buying low is the first step.

 

They had to bring in a lot of different partners when the split had to happen. There was a little cash flow problem soon after that got resolved. There are many different partners involved and I'm sure they can find investors out of this group to make this up. They are worth in excess of a billion dollars, so 5% isn't chump change. As I said, that's two investors now that are gone. Just asking if it makes a difference.

 

If nothing else...have a bake sale!

 

Steelers 2018 market value is 2.45 billion, heres a list of all 32 teams market value:

https://touchdownwire.usatoday.com/...8-billion-and-list-of-all-32-team-valuations/

 

Or they could have a raffle or better yet sell girl scout cookies.....

 

You get to make bid for being a partner!!!!!

 

Oh don't worry there will be another ultra rich dude right behind him wanting to buy his piece of ownership the of the greatest franchise in the NFL.

Dan and Art Jr. Didn't really have a tough time finding buyers for the other brothers shares, when they were selling out.

 

Why didnt Dan and Artie jr buy those shares

 

Because they didn't have the coin too. Thus you go find rich people that want in on a piece of the action of minority ownership.

 

It means nothing.

 

Get LeVeon involved and it could be a wake and bake sale!

 

How does the majority not have enough for the minority?

 

Let's see, 4 seats, seating license, parking passes, beer, soda, food, jerseys, hats, t-shirts, mugs, misc. since 1970, not to mention the stuff before that at Pitt stadium, well heck I'm already a partner.

 

And you can kiss any new duct tape goodbye.

 

I suspect they would sell a lot more that way!

 

The new partners would be Martavis B and Ricky Williams!

 

I believe and don't quote me was at the time the big hurdle was the estate (death tax)/Luxury tax in PA that potentially was crippling to the Rooneys.

As far as what it means for the team having another minority owner get a franchise. Just means one more team emulating the Steeler way

 

The thought crossed my mind alone.