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Dreamshake
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PostPosted: Fri Aug 04, 2017 8:06 am    Post subject:

Aeneas Hunter wrote:
I don't know about $1.65B, much less $2B. I'd be surprised if a team outside of the top five markets went for more than about $1.2B. But we shall see.


I have a friend that works these type of sales for one of the big banks. He says everyone thinks they will break $2B and that there has been tons of interest.

What's interesting on the Dream as an owner front is multiple potential buyers are trying to recruit him to be part of their groups.
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PostPosted: Fri Aug 04, 2017 8:08 am    Post subject:

Raijin wrote:
Aeneas Hunter wrote:
I don't know about $1.65B, much less $2B. I'd be surprised if a team outside of the top five markets went for more than about $1.2B. But we shall see.

These values are overinflated. Idon't think revenue can sustain these sky high valuations as people move away from TV. The next TV contract is going to put a damper on revenues and valuations


Which is why it's a perfect time for an older owner to sell.
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PostPosted: Fri Aug 04, 2017 11:53 am    Post subject:

Dreamshake wrote:
Raijin wrote:
Aeneas Hunter wrote:
I don't know about $1.65B, much less $2B. I'd be surprised if a team outside of the top five markets went for more than about $1.2B. But we shall see.

These values are overinflated. Idon't think revenue can sustain these sky high valuations as people move away from TV. The next TV contract is going to put a damper on revenues and valuations


Which is why it's a perfect time for an older owner to sell.


Yup, agreed on both fronts. Unless the NBA and other major leagues can start generating significant revenue from other media distribution that passive fans utilize for their media consumption, only die hard fans will still be tied to these TV deals and the valuation will be lower. I imagine that these leagues are all working on getting distribution deals in place via online streaming options that most of the cord cutters end up utilizing in hopes of keeping their revenue source.
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PostPosted: Fri Aug 04, 2017 2:01 pm    Post subject:

Time to sell and invest his $2 Billion in the Stock Market.

It has topped 22,000 the other day

Up from under 18,000 under Obama

(Not trying to make this political - just saying it's WAY up in a very short amount of time!)
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PostPosted: Fri Aug 04, 2017 6:54 pm    Post subject:

Dreamshake wrote:
Raijin wrote:
Aeneas Hunter wrote:
I don't know about $1.65B, much less $2B. I'd be surprised if a team outside of the top five markets went for more than about $1.2B. But we shall see.

These values are overinflated. Idon't think revenue can sustain these sky high valuations as people move away from TV. The next TV contract is going to put a damper on revenues and valuations


Which is why it's a perfect time for an older owner to sell.

It's a good time for everyone to sell. No one wants to be left holding the bag
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PostPosted: Tue Sep 05, 2017 5:43 am    Post subject:

Rockets just sold for NBA record 2.2 billion.
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Aeneas Hunter
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PostPosted: Tue Sep 05, 2017 6:15 am    Post subject:

That's a stunning number. Tilman Fertitta is a big player, but I didn't think he was quite that big. I'll be interested to see if there is some fluff in the numbers.
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lakersken80
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PostPosted: Tue Sep 05, 2017 6:37 am    Post subject:

Wow this guy got outbid originally and wanted to buy the Rockets for $81 million way back in the day...talk about paying a premium.
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PostPosted: Tue Sep 05, 2017 8:23 am    Post subject:

ocho wrote:
Rockets just sold for NBA record 2.2 billion.


Yup. Told y'all it would crack 2B.

I'm iffy on the owner though. We shall see.
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governator
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PostPosted: Tue Sep 05, 2017 8:38 am    Post subject:

good investment
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PostPosted: Tue Sep 05, 2017 9:21 am    Post subject:

Dreamshake wrote:
ocho wrote:
Rockets just sold for NBA record 2.2 billion.


Yup. Told y'all it would crack 2B.

I'm iffy on the owner though. We shall see.


Agreed. He's a local guy, but I'm not sold on him. He's helped U of H athletics, especially the football program, gonna have to wait and see.
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JUST-MING
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PostPosted: Tue Sep 05, 2017 11:10 am    Post subject:

I didn't expect the Houston Rockets ($2.2 billion) to be worth more than the L.A. Clippers ($2 billion)
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PostPosted: Tue Sep 05, 2017 11:46 am    Post subject:

JUST-MING wrote:
I didn't expect the Houston Rockets ($2.2 billion) to be worth more than the L.A. Clippers ($2 billion)


LA Clippers have access to a large market but problem is they are far behind the Lakers in terms of number of fans. Rockets aren't in a small market either, they are in the 4th largest market in the US. Rockets also have a championships and their own arena they can call home.
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PostPosted: Tue Sep 05, 2017 12:42 pm    Post subject:

How does the whole revenue sharing scheme where you force the big markets to send money to the small markets factor into the sale price?
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PostPosted: Tue Sep 05, 2017 3:02 pm    Post subject:

Dreamshake wrote:
ocho wrote:
Rockets just sold for NBA record 2.2 billion.


Yup. Told y'all it would crack 2B.

I'm iffy on the owner though. We shall see.


Why? As an observer from afar, Tilman basically is Houston/Galveston area Texas. His fingerprints are all over that area. Hell, he was part of your last two championship runs. You basically got Cuban 2.0....ahh, now I see why you're iffy
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PostPosted: Tue Sep 05, 2017 3:14 pm    Post subject:

JUST-MING wrote:
I didn't expect the Houston Rockets ($2.2 billion) to be worth more than the L.A. Clippers ($2 billion)


What would be the Lakers price tag if they wanted to sell the team?
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TheRod
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PostPosted: Tue Sep 05, 2017 4:59 pm    Post subject:

Frank and Lorenzo's cousin. Probably has that mob connection. I'm surprised the sale price wasn't effected by Harvey.
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Dreamshake
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PostPosted: Tue Sep 05, 2017 6:00 pm    Post subject:

Cutheon wrote:
Dreamshake wrote:
ocho wrote:
Rockets just sold for NBA record 2.2 billion.


Yup. Told y'all it would crack 2B.

I'm iffy on the owner though. We shall see.


Why? As an observer from afar, Tilman basically is Houston/Galveston area Texas. His fingerprints are all over that area. Hell, he was part of your last two championship runs. You basically got Cuban 2.0....ahh, now I see why you're iffy


The rumors about how he treats people/employees, and how he runs his businesses (cost cut King). It will be interesting to see if he's down to spend on lux tax, especially with so much of his net worth tied into the team (71%).

But he loves Houston and is about winning.
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Aeneas Hunter
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PostPosted: Wed Sep 06, 2017 1:13 pm    Post subject:

Dreamshake wrote:
It will be interesting to see if he's down to spend on lux tax, especially with so much of his net worth tied into the team (71%).


I would expect that we will eventually see some minority shareholders. The purchase price is $1.75B cash, $175M assumed debt, and $275M in seller financing from Les Alexander.
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PostPosted: Fri Sep 08, 2017 8:26 am    Post subject:

Aeneas Hunter wrote:
Dreamshake wrote:
It will be interesting to see if he's down to spend on lux tax, especially with so much of his net worth tied into the team (71%).


I would expect that we will eventually see some minority shareholders. The purchase price is $1.75B cash, $175M assumed debt, and $275M in seller financing from Les Alexander.


I think the initial report said he had no partners. The number breakdown came out already?
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PostPosted: Fri Sep 08, 2017 11:10 pm    Post subject:

lakersken80 wrote:
JUST-MING wrote:
I didn't expect the Houston Rockets ($2.2 billion) to be worth more than the L.A. Clippers ($2 billion)


LA Clippers have access to a large market but problem is they are far behind the Lakers in terms of number of fans. Rockets aren't in a small market either, they are in the 4th largest market in the US. Rockets also have a championships and their own arena they can call home.


Houston's stadium deal gives the team owner exclusivity of the whole thing. Every event, he gets paid, every food shop (he's a restaurateur...) he gets paid, the latter being where i think he's going to reap money hand over fist.
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PostPosted: Sun Sep 17, 2017 9:17 pm    Post subject:

Looks like he is selling bonds to pay for the team.

https://www.forbes.com/sites/mikeozanian/2017/09/15/heres-how-tilman-fertitta-is-paying-for-the-houston-rockets/amp/
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PostPosted: Fri Oct 06, 2017 4:56 pm    Post subject:

http://nba.nbcsports.com/2017/10/06/its-official-tilman-j-fertitta-owns-the-houston-rockets/

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It’s official: Tilman J. Fertitta owns the Houston Rockets


It was a surprise when Leslie Alexander put the Houston Rockets up for sale, but there were 2.2 billion reasons it turned out to be a good deal for him.

Last week the NBA Board of Governors (the owners) approved the sale and Houston businessman Tilman J. Fertitta is now officially the owner of the Rockets. The sale closed on Friday. Alexander bought the team for $85 million in 1993.

“I could not be happier,” Fertitta said in a released statement. “To own the Rockets in my hometown of Houston is a dream come true. I promise to continue to make this city proud of the Rockets and to do what we can to bring home a championship.”

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Daryl Morey ✔@dmorey
Excited 2start new era @HoustonRockets basketball w/@TilmanJFertitta Thank U Mr.Alexander-none of this possible w/oU http://www.nba.com/rockets/news/tilman-j-fertitta-new-owner-houston-rockets
5:28 PM - Oct 6, 2017
TILMAN J. FERTITTA NEW OWNER OF THE HOUSTON ROCKETS | Houston Rockets
HOUSTON – The Houston Rockets announced today that Tilman J. Fertitta has officially closed on his purchase of the NBA Houston Rockets and Clutch City Sports and Entertainment. The NBA Board of...
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Fertitta was a minority owner of the team back in the 1980s. He has gone on to make his fortune as the owner of the Landry’s restaurant empire — Bubba Gump, Mortons, Rainforest Cafe, and others — as well as the Golden Nugget Casinos and Hotels. There are no other minority owners in the transaction as of now (there were celebrities such as Houston native Beyoncé interested in that role).

“I have been friends with Tilman since 1993, so it is my great honor to announce that Tilman and his family have been able to fulfill their dream of owning the Houston Rockets,” Alexander said in a statement. “Tilman’s passion, commitment to excellence, and unrivaled love for the city of Houston are going to serve him well as a great owner of this proud franchise.”

Fertitta takes over a franchise that is $2.5 million over the luxury tax line for this season, with that number likely to spike as Chris Paul becomes a free agent next summer (assuming the Rockets plan to keep him, likely with a max or near max contract). The Rockets also turned a $53 million profit last season, according to an internal NBA report leaked to ESPN. Will Fertitta continue to spend money to keep a contender on the court? Probably, he said he wants to bring the city a title (and that will cost), but any time a new owner takes over it’s something to watch.
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PostPosted: Fri Oct 06, 2017 5:22 pm    Post subject:

ksmgf wrote:
JUST-MING wrote:
I didn't expect the Houston Rockets ($2.2 billion) to be worth more than the L.A. Clippers ($2 billion)


What would be the Lakers price tag if they wanted to sell the team?


About 3.5 would be my guess
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