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Post by grandsalami on Oct 9, 2020 20:46:20 GMT -5
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Post by jerrygarciaparra on Oct 9, 2020 21:44:58 GMT -5
I wouldn't pretend to know if these kind of public offerings actually have any value to any potential shareholder...seems a stretch to me. I know the Packers are public owned, but the shareholders have literally no say.
Seems more like another route to line their pockets. I am going with creepy on this one,
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Post by foreverred9 on Oct 9, 2020 21:58:53 GMT -5
I wonder if this is a means to get cash flow into the company without John Henry needing to do it himself. They aren't getting much cash from the operations so they're going to need to get it elsewhere. Financing a year of the Sox and Liverpool would cost what, 250M at most? Off an $8 billion valuation they only need to sell 3% of the company to get a year's worth of cash.
But if it was short-term related, I think they would have just issued debt so maybe this is a longer-term strategy of theirs to get public investors.
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Post by philsbosoxfan on Oct 9, 2020 22:47:10 GMT -5
I wonder if this is a means to get cash flow into the company without John Henry needing to do it himself. They aren't getting much cash from the operations so they're going to need to get it elsewhere. Financing a year of the Sox and Liverpool would cost what, 250M at most? Off an $8 billion valuation they only need to sell 3% of the company to get a year's worth of cash. But if it was short-term related, I think they would have just issued debt so maybe this is a longer-term strategy of theirs to get public investors. Or that John Henry is getting older and planning for his family's future. ADD: I should think that this doesn't bode well for the Boston Globe with so many newspapers cutting back or going down the tubes with declining circulation.
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Post by johnsilver52 on Oct 10, 2020 4:38:29 GMT -5
That might make more sense. When Tom Yawkey passed away, Jean did take over, only she was convinced to form a partnership with LeRoux and Sullivan. Maybe Henry himself is thinking it's possibly time after 15+y of ownership, or looking to get out.
Newspapers are done and digital access ones not too many years away from the same, they did it to themselves. I've read several stories where won't be that long until so called "go to" news.. Like NBC, CBS will just not exist. Redundant in a world of online news.
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Post by philsbosoxfan on Oct 10, 2020 4:43:01 GMT -5
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Post by philsbosoxfan on Oct 10, 2020 4:45:03 GMT -5
That might make more sense. When Tom Yawkey passed away, Jean did take over, only she was convinced to form a partnership with LeRoux and Sullivan. Maybe Henry himself is thinking it's possibly time after 15+y of ownership, or looking to get out. Newspapers are done and digital access ones not too many years away from the same, they did it to themselves. I've read several stories where won't be that long until so called "go to" news.. Like NBC, CBS will just not exist. Redundant in a world of online news. Goto news is pretty much down in viewership across the board and yes, they did it to themselves.
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Post by philsbosoxfan on Oct 12, 2020 19:42:02 GMT -5
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Post by philsbosoxfan on Oct 19, 2020 21:31:32 GMT -5
Red Sox owners, partners plan major redevelopment around Fenway Park The owners of the Red Sox are moving into the real estate development business, partnering with a prominent developer in an ambitious, long-term venture that would transform the neighborhood just outside the walls of Fenway Park. The five-acre project would feature office space, apartment buildings, retail stores, and possibly a hotel, along with public art and green space. It would be built on four sites along Jersey, Lansdowne, and Van Ness streets, as well as Brookline Avenue. mail.google.com/mail/u/0/#inbox/FMfcgxwKjBGqmjJGDCnRHxvcTLrckChL
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Post by philsbosoxfan on Oct 21, 2020 4:07:45 GMT -5
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Post by Oregon Norm on Oct 22, 2020 16:32:59 GMT -5
Looks as if Beane will leave Oakland to take on full time work, probably in the exec's chair at Redball, if the deal goes through. Seems as if it's all about European soccer.
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Post by philsbosoxfan on Oct 22, 2020 23:30:01 GMT -5
LOL, European Football.
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Post by Oregon Norm on Oct 23, 2020 0:58:46 GMT -5
That's in contrast to U.S. football soccer, including the Revolution. That's a team that Henry owns that isn't in Europe and that will, presumably, be part of the deal if it goes through.
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Post by philsbosoxfan on Oct 23, 2020 1:11:42 GMT -5
That could hypothetically be a boost to US soccer. I hadn't thought about the Revolution but I knew what you meant, haha it's still wrong though. People in the Philippines have never heard of soccer, I would guess that's true in most of the world. Beane is obviously interested in impacting the world's biggest sport and Henry is the perfect bridge.
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Post by jl1947 on Oct 23, 2020 1:26:49 GMT -5
That could hypothetically be a boost to US soccer. I hadn't thought about the Revolution but I knew what you meant, haha it's still wrong though. People in the Philippines have never heard of soccer, I would guess that's true in most of the world. Beane is obviously interested in impacting the world's biggest sport and Henry is the perfect bridge. The Revolution are owned by the Krafts. FSG owns the Liverpool FC, an English Premier League soccer team, which are the current English Premier League and FIFA Club World Champions.
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Post by kman22 on Oct 23, 2020 1:50:37 GMT -5
Haven't looked at the specific financials, but have to think that if FSG is expanding in that market, they'd avoid MLS, and follow Red Bull's approach, targeting another European club, outside of England.
Red Bull does own an MLS club, but with both RB Leipzig and Salzburg operating as clubs that successfully buy potential and develop that into significant profits, while also qualifying for the Champions League, I can't imagine MLS is an avenue FSG would approach at this point. Especially in the pandemic, if they have the cash, they could probably buy a club in France, Spain, or Germany that would significantly increase in value when fans return and tv rights are sorted, even more so with the right front office infrastructure.
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Post by hanleybeingmanny on Oct 23, 2020 8:27:51 GMT -5
As an avid Liverpool fan before FSG bought in, I have a perspective here that may be valuable to my fellow Red Sox fans. This move to merge RedBall Acquisitions Corp. and FSG is one to allow FSG to go public as well as expand their market in the footballing world. They've long since admired Billy Beane and his implementation of "moneyball tactics".
When FSG purchased Liverpool, it was a club not much different than the Red Sox. They had seen previous glory dawning a red uniform that drew a large, loyal fan base. They waited for another championship for decades and watched as their rivals, Manchester United (the Yankees of English football), celebrated year after year of success. They were able to not only bring Liverpool to it's former glory, winning European and English titles and relieving a pain similar to that of Sox fans awaiting 2004, but they also built a financial powerhouse in football.
European football is quite the lucrative business. People all over the world watch the sport. Sponsorship deals worth millions of dollars can be made with several inches of team apparel dedicated to corporate logo's. The NY Times stated that 11.7 Billion dollars in English Premier League right's agreements were made for the 2019-2022 cycle alone, largely funded by overseas broadcasters. FSG's strategy to grow Liverpool as a brand and investment opportunity is well summarized in this video:
It is well known that FSG has employed several ways to improve the performance of the Red Sox through personnel and development strategies where analytics are the driving force. If you've seen the film 'Moneyball' then you are aware of how the sport of baseball has been altered by the careful analysis of numbers generated during gameplay. Many successful clubs look past batting averages and ERA to find data that helps quantify player performance and value that accounts for variables such as the strength of the other hitters in the lineup and field geometry quirks. Billy Beane is no stranger to this process and he's actually quite the soccer fan. Billy talks about his long-standing appreciation for football and the utility of data analytics within the sport, below.
I think Billy will look to add several more European clubs to the FSG portfolio to hedge their position and even develop a bit of a farm system where the clubs can exchange talent seamlessly. Manchester City ownership, City Football Group, have already established a system like this. They own NYCFC, an American soccer team in the MLS, and are able to snatch up potential American prospects with this pipeline. This allows them to scout and acquire players as assets within the US and grow their roots deep into the US market for additional soccer fans.
FSG wants to go public. They have wanted Billy to join their team for a while and like Billy, they want to get more involved in European football. To me this deal is almost entirely about more money and growth for FSG assets in Europe. This is not likely to have much of an effect on the Red Sox.
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Post by Oregon Norm on Oct 23, 2020 10:26:14 GMT -5
That could hypothetically be a boost to US soccer. I hadn't thought about the Revolution but I knew what you meant, haha it's still wrong though. People in the Philippines have never heard of soccer, I would guess that's true in most of the world. Beane is obviously interested in impacting the world's biggest sport and Henry is the perfect bridge. The Revolution are owned by the Krafts. FSG owns the Liverpool FC, an English Premier League soccer team, which are the current English Premier League and FIFA Club World Champions. Thanks, my bad.
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Post by jl1947 on Oct 23, 2020 12:51:22 GMT -5
The Revolution are owned by the Krafts. FSG owns the Liverpool FC, an English Premier League soccer team, which are the current English Premier League and FIFA Club World Champions. Thanks, my bad. No sweat Oregon. This may be a temporary thread hijack, but with implications to Red Sox fans, it may be informative. Please allow me. FSG has been much more clinical and committed to analytical processes as well as in using Henry and Gordon's hedge fund principles -- Gordon is an FSG minority owner and the ownership group's point man for Liverpool FC -- or Beane's Moneyball approach if you will, in both analyzing their own team and player performance in the development process and team contribution as well as possible acquisition targets. They have been expert in identifying undervalued assets in players like Mohamed Salah, Sadio Mane, and Roberto Firmino and providing the structure to develop into upper echelon work-class players. They have combined this with excellent youth development and opportunistic splurges in high-end expensive players like Virgil Van Dijk and Alisson Becker. Here is an article explaining Gordon's involvement: www.theguardian.com/football/2020/jun/27/mike-gordon-fsg-liverpool-vision-a-realityTheir latest transfer window acquisition of Thiago Alcantara one of the top-3 midfield facilitators in European Football, a Rajon Rondo-like soccer equivalent without the personality quirks, was probably the bargain of the season. With a fan base at least as rabid as the Red Sox, they have managed to leave their knee-jerk reactions aside and avoided making the sort of budget-killing acquisitions like Hanley Ramirez, Pablo Sandoval and Rusney Castillo. I imagine that Liverpool FC is the model FSG had hoped to apply to the Red Sox but have lacked the discipline to see through.
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Post by Oregon Norm on Oct 23, 2020 15:41:48 GMT -5
I don't see you hijacking the thread at all. For me, the idea is to discuss how the possible change in the ownership structure might impact the organization. That includes management of the ML team, the minor league affiliates (whatever that looks like going forward) and the changes to the training regime for players moving through that system. The vision of how you use analytics to inform all of that, and how that's changed the Liverpool team, is instructive. I believe the team chose Bloom to get back on track with a development trajectory that finds that sort of value. At least that's my impression from this virus-shortened season. There are new names that I didn't have knowledge of at all, players who have obvious skills they bring, so they seem to be on that path.
Thanks to the both of you for filling in the blanks about much of this.
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Post by philsbosoxfan on Oct 27, 2020 20:17:29 GMT -5
Apparently, Arby's/Sonic is close to acquiring Dunkin'. I wonder how that will effect their Red Sox affiliation if at all.
LOL, roast beef donuts for all.
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Post by philsbosoxfan on Nov 20, 2020 4:46:48 GMT -5
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Post by iakovos11 on Feb 15, 2021 8:53:00 GMT -5
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Post by grandsalami on Feb 26, 2021 11:14:00 GMT -5
RedBird Capital is nearing a deal to acquire more than 10% of Fenway Sports Group for approximately $750 million, according to individuals familiar with the matter. The deal values the owner of the Boston Red Sox and Liverpool FC at more than $7 billion, according the people, who were granted anonymity because the matter is private. It would be the latest sports-related investment for RedBird, following the acquisition of Toulouse FC and the XFL, which is scheduled to relaunch in 2022. RedBird founder Gerry Cardinale for some time has been trying to acquire a piece of Fenway, which is controlled by John Henry. Cardinale declined to comment. A SPAC led by Cardinale and baseball executive Billy Beane had been in negotiations to acquire a portion of Fenway earlier this year, in a deal that would have valued the company at $8 billion. Those talks ultimately led to the private investment by RedBird. The deal will likely close in the next six weeks. Red Sox executive Sam Kennedy didn’t immediately return an email seeking comment. www.sportico.com/business/finance/2021/redbird-to-buy-fenway-sports-group-stake-1234623645/
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Post by vermontsox1 on Mar 16, 2021 13:50:05 GMT -5
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