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1. The Mohole* of David Wells (* - Piehole)You're still in the running towards becoming the Next Dodgers Owner.
Those of you not lucky enough to be deemed Next Dodgers Owner will not walk away empty-handed. Runners-up will receive a free minority share of the Mets, courtesy of Fred Wilpon!
That would be pretty crazy if he won the bid. The Dodgers, Arsenal, the Rams, Nuggets, Avs, Rapids (MLS), and Mammoth (Lacrosse) along with some arenas (Pepsi center, Arsenal's stuff, etc.)
Jersey fresh:
"Leo Hindery/Tom Barrack: New York media executive has teamed with L.A. real estate investor and sportsman."
Leo is the CEO of the 2013 Weehawken Formula One Grand Prix race, the only one in the U.S. At the foot of the Hudson River, then up hills. Great scenery. Leo was also the "wartime" YES Network CEO - in 2002, Cablevision (and Jim Dolan) kept the Yankees channel off the airwaves all year.
Tom tried to revive the multi-colored, $3B Xanadu project in the Meadowlands from 2006-10. That didn't work.
I'm not positive, but I believe Kroenke has to sell the Nuggets and Avs by 2014 as per an agreement with the NFL. But either way, it's already an incredible sports portfolio, even without the Dodgers.
As for Tom Barrack, Fortune has called him the "world's greatest real estate investor." (He now jokingly refers to Xanadu as "Xana-don't.")
I think sports has about one more solid DOUBLING of revenue before we see it hit a ceiling and then growth that would be more in line of mature businesses, that tend to grow in the range of historical US GDP growth, 3-4% and blue chip stocks, 8%.
I can't possibly see how these billion dollar franchises and $10 billion dollar leagues can't come up with their own financing in the future. Obviously I'm not dumb enough to think it will stop....just that the case has to be very difficult going forward.
Not quite, there will be a US GP in Austin next year, so two F1 races in the US.
I bet most American's don't have a clue what this is....Xanadu project. In case you are wonder, it is the latest project that the NY metro seems to have bungled. Not a good decade for pulling off big ideas in NY.
WENDY PRIEB!!!!!
It was a stupid idea; massive entertainment/amusement complex in the Meadowlands. There's no mass transit access, and the traffic is terrible on the Turnpike.
NY should stop doing "big ideas". They're invariably disasters. e.g. $4B cost overrun on WTC, Fulton transit hub massive delays and cost overruns.
Maintain the existing infrastructure, and do small targeted projects (NOT run by the gov't or Port Authority).
Why do you think that? I've got to think that the Mets are undervalued at the moment. Assuming any investment is exempt from litigation re: Madoff, etc...I think this is probably as good a time as any to get in on the Mets.
"New" Meadowlands stadium was the product of small vision. NYC should have a roof, esp considering the building hosts 2 NFL teams. No chance in hosting final four, the Super Bowl more than this one off, or any other big event. Dallas packs their stadium year round....NBA AS game too. "New" Yankee is an erector set of old Yankee.
Rebuilding of Penn Station has been delayed for a few decades. Which bridge will collapse first?
The NYC Olympic bid a few years back was a complete joke.
There is mass transit to the Meadowlands now.
Can any Coloradans tell me what the deal with Colorado being a little sports enclave of Canada/the Northeast is? Take NCAA hockey, for example. The big powers are in Minnesota, Wisconsin, North Dakota, Massachusetts and...Colorado. Lacrosse is big in Canada, NY, Maryland and...Colorado.
Wait...is he saying something about how the USC Board of Trustees is attempting to buy the Dodgers, or is he just remarking that three of the bidders happen to be on the USC Board of Trustees?
The Mets have a longterm sweetheart TV deal with SNY. That isn't a problem for Wilpon and Katz because they own a portion of SNY, but it doesn't help the new minority owners. For reference, the new Angels deal ($150 million per) is about 2X per year what the Mets are getting from SNY. The Angels' new deal is the floor for the Dodgers' rights and the Dodgers are likely to do significantly better ($200 million+).
That huge payday is one reason why the Dodgers bidding is going out of control.
Casden, Caruso, and Gold are all part of the USC board of trustees. I believe that there are 50+ trustees including distinguished members of the community like … wait for it… Jamie McCourt!
edit: that is, Oregon.
From NYC? I'm not talking express buses, they're expensive and get stuck in traffic too.
You have to change trains in Secaucus or take the PATH to Hoboken if you are coming from Manhattan.
Imagine a project named Xanadu being a bad idea.
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