Should The MLB Be Concerned Over the Baltimore Orioles Sale Price?! | The Dan Le Batard Show
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- เผยแพร่เมื่อ 7 ต.ค. 2024
- The Baltimore Orioles are next on the selling block. A deal that has the franchise valued at $1.725 Billion is in place for David Rubenstein to buy the team from the Angelos family. Is this a fair deal? A low deal? Should MLB owners be concerned about this price tag?
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I really enjoy this. It’s gotten so much better with Pablo hosting this!
It's really strange how a small market team selling for 1.73 billion is a ''problem''.
This is why they are rich, and we are not lol. Like the man said just put something away every check. Compounding interest over time is insane!
@@grahamjl766If the former owners invested that $173 million in a S&P500 account back in 1993 at the 10% it averaged over the past 30 years would be about $3 billion.The Orioles profited almost $65 million in 2022 alone. If the Orioles owner averaged $18 million annually in profits and invested in the exact same stock he would have $3.3 billion plus the $1.73 billion in the sale in 2024. Buying the team in 1993 was safer and more profitable than investing in the stock market which is what David Samson was talking about. If the S&P500 continues to grow at 10% annually for the next 20 years then the new owners will have to profit and invest roughly $170 million annually from the Orioles to beat the stock market. I think the old owners did well on their investment and I think the new owners will regret the price they paid. The only way buying the Orioles in 2024 is a good investment at $1.73 billion is if the new ownership thinks that some combination of the stock market is going to have a major crash and/or the Orioles will have crazy high profits.
Also I assume balt made a profit over the 30 years. That has to be factored in.
Cause owners want more. Thats the problem. Lol
Orioles really aren't a small market though..
These three are GREAT!!!! I look forward to these discussions.
Fuck his stock market analogy, not only does it ignore the recession of 08, it ignore the devaluing of the orioles market when the nationals came in
Also ignores that Orioles made a profit most years. $413m between 2002 - 2022 based on a quick google search. Not sure about 1993 till 2002, but I doubt they lost much money in those years.
It's a great thing for mlb! We love our Baltimore orioles and when Camden yards is packed the league makes money. When we buy the jerseys and other memorabilia the league makes money. When we have an owner that isn't incompetent the damn league makes money
Bruh why am I watching this. My brain can’t even conceptualize a million, let alone a billion.
There is so much bad info in this. Masn is not the lowest rated network and Rubenstein DID buy MASN, it will not be owned by the Angelos’ anymore. These guys did not do their homework
Rubenstein runs the Orioles/is the control person as soon as the deal is approved by the owners. How do you keep getting this wrong David?
I'm convinced David paid for those podcast awards.
The MASN situation sounds VERY similar to that of the Mets and SNY. When buying the team, one thing that was not part of the negotiations was the network. The Wilpons owned and still own that network. I think their contract is up in the near future, and because the people in charge of the team are no longer associated with the network it'll be interesting to see if there is a split between what was essentially a symbiotic relationship between team and network.
The idea that $1.75b is too low because original investment was $173m and its not a good return is misleading. At the time Orioles were bought for $173m, Nationals were not taking away a part large part of their market and MASN revenue was not shared. What is also misleading is that as a business, Orioles earn money every year. So the profit is not just the capital gains on the sale of the Club. From 2002 to 2022 Orioles only failed to make money in 4 of those years.
Based on a quick search I did, Orioles made $413.6m in profit from 2002 - 2022. I wonder what then umbers were in the previous 10 years. I'm also curious if these number include MASN earnings or not.
How is this low if they only bought 40% of the team???
$1.725bil @ 40% = $4.3 bil roughly...assumes a lot though.
you have that wrong... they bought a minority stake that puts the valuation of the franchise at 1.7@@dave2193
They purchased 40% of the team at a $1.73B valuation. Not that they paid $1.73B for a 40% stake.
Imagine being so salty that NY isn’t the best team in the east that your complaining about the Orioles selling for 1.7 B
There is no “the MLB”. It’s just MLB.
MASN rights were part of the sale
anyone ever bother to equate inflation into the price? Probably not. 173m in 1993 is about 340m today. Then apply that across the board and how much did it really increase compared to other sports. Not a heck of a lot which is sad considering that in today's world, live content such as sports is king since it's single use consumption that's really difficult to pirate. MLB, NHL and the NBA are all very poorly run in this day and age.
Plus that particular franchise didn't win during that time. Still can't get over their 1971 starting rotation. All 4 starters had at least 20 wins and 72 complete games! It would cost a fortune to assemble that today!
Finally a show that's let's u think to yourself .. hmmmn
Thay should be worried about the team being sold to the right people not the price.
MLB concerned over the sale of a team in the age of massive payoffs? What was Ohtani $700 million. Nobody questions that in MLB. MLB should be concerned about taking care of the fans. Like improving their streaming product MLB TV to stop black outs and give single team affordable packages. MLB just seems to always be 3 steps behind. By the way Go Birds and all the best with MASN which is another streaming issue but not far off of my anger issue with MLB and streaming games to fans.
There is a genuine worry amongst sports owners that in the next ten years, the rapid growth of sports franchise values is going to hit its ceiling for a while
@@alexanderrose1071 I just want to watch an Oriole game.
Samson is sooo greedy! Sad panda
Count me a new subscriber when you can get John and David on your show. Two super brains.
“1.7 billion is enough to live on” wealth people have no clue
It was said in jest
did Samson start a GoFundMe for the poor former Orioles owners? Man never met a billionaire he didnt want to fellate (probably figuratively)
baltimore is a smaller media market
Not really
The greatest trick the devil John Angelos ever pulled was convincing people in the baseball world that Baltimore was a small market. They’re way closer to a medium sized market. Milwaukee, Oakland, Pittsburgh, etc, are the real small markets.
One thing confusing me here is that they are completing leaving out the profit made along the way…sure maybe the final sale price wasn’t equal to how the stock market would have performed for the initial 173 million investment. But aren’t they making tens to possibly even hundreds of millions in profit year over year. I get that the market has dividends too but I don’t think it’s anything compared to profit in mlb percentage wise
You completely misunderstood half the video lmao
You have to factor in expenses. Like player salaries, and insurance, stadium expenses.
@@johnneyjohnson8607 You misunderstood the word Profit. Not revenue from which expenses would be subtracted, but actual profit. Orioles made a profit almost every year between 2002 and 2022, they only lost money 4 of those years and the total profit was over $400m. That was just a quick google search, I was not doing in depth research into their financials.
Baseball is dead as a sport, it’s more of an event like a concert that’s just fun to attend for nostalgia these days…. Very rare to hear someone following a teams full season.
It's become regional, I live in the ATL I keep with them.
I immigrated to US from Ukraine in 1990 and I have become a huge Orioles fan. I follow the team the entire season, watch almost every game and follow their roster as well as their prospects in the minor leagues. And Orioles have been bad most of the time I have been a fan. So I don't know how dead baseball really is. They just need a way to capitalize on the sports betting craze and they will be alright.
david failson must be so stoked when he gets to talk about he and his step-daddy’s favorite thing, money, instead of the icky poors or former poors.