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What does this mean for us?

Discussion in 'Steelers Talk' started by mac daddyo, May 15, 2018.

  1. mac daddyo

    mac daddyo Well-Known Member

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    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?:cool:
     
  2. AskQuestionsLater

    AskQuestionsLater Writing Team

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    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.
     
  3. mac daddyo

    mac daddyo Well-Known Member

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    Is that 5% split by the remaining partners? Someone has to make up that money somehow, right?:cool:
     
  4. JackAttack 5958

    JackAttack 5958 Well-Known Member

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    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. ;)
     
  5. mac daddyo

    mac daddyo Well-Known Member

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    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. :cool:
     
  6. defva

    defva Well-Known Member

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    It just mean that we may lose a couple of administrative staff
     
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  7. steelersrock151

    steelersrock151 Well-Known Member

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    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.
     
  8. Blitz

    Blitz Well-Known Member

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    Of course not, buying low is the first step. :cool:
     
  9. mac daddyo

    mac daddyo Well-Known Member

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    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. :smiley1::cool:
     
  10. Iowasteeljim

    Iowasteeljim Well-Known Member

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    If nothing else...have a bake sale!
     
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  11. Diamond

    Diamond Well-Known Member

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    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/
     
  12. JAD

    JAD Well-Known Member

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    Or they could have a raffle or better yet sell girl scout cookies.....
     
    • Agree Agree x 1
  13. LoneGranger

    LoneGranger Well-Known Member

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    You get to make bid for being a partner!!!!! :clapping:
     
  14. troybellringer55

    troybellringer55 Well-Known Member

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    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.
     
  15. defva

    defva Well-Known Member

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    Why didnt Dan and Artie jr buy those shares
     
  16. troybellringer55

    troybellringer55 Well-Known Member

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    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.
     
  17. Watt Wack

    Watt Wack Well-Known Member

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  18. santeesteel

    santeesteel

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

    defva Well-Known Member

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    How does the majority not have enough for the minority?
     
  20. mac daddyo

    mac daddyo Well-Known Member

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    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. :smiley1::cool:
     
  21. WinTheNorth

    WinTheNorth Well-Known Member

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    And you can kiss any new duct tape goodbye.
     
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  22. Iowasteeljim

    Iowasteeljim Well-Known Member

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    I suspect they would sell a lot more that way!
     
  23. santeesteel

    santeesteel

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    The new partners would be Martavis B and Ricky Williams!
     
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  24. thorn058

    thorn058 Well-Known Member

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    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
     
  25. jeh1856

    jeh1856

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    The thought crossed my mind alone.
     

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