My daughter saw this news and shared with disgust. I haven’t seen any talk of it… can anyone confirm is this is real? A 2 to 3 percent stake for $70 million is not enough to bridge the finance gap… I wonder what’s up.
My daughter saw this news and shared with disgust. I haven’t seen any talk of it… can anyone confirm is this is real? A 2 to 3 percent stake for $70 million is not enough to bridge the finance gap… I wonder what’s up.
7 comments
It is real
I think it shows how desperate fisher is to get funding. I guarantee he contacted them first and you’re not exactly getting a lot of investors if your settling for a small amount from an unusual investor
Is there any precedent in MLB for:
– an MLB team leaving its long time home, to play in a minor league park (2 hours from its original city) for a couple seasons…
– while fundraising and going through the motions of having a destination city, when it *appears* there’s no commitment/s locked down??
Las Vegas isn’t locked down, correct?
❤️ for Oakland Fans. (The Oakland Yellow jersey/road grey pants which was what, one season(?), is my favorite uniform in baseball history. Gets no better.)
My napkin math says –
3% of the team is just over a 2bil evaluation.
2% at 70mil is an outrageous 3.5bil evaluation
Big difference, and this is still small potatoes grand scheme, but JF is really diluting shares and making it less convenient if he ever goes to sell.
Fuck JF, man
FJF
Such a clown!
Honestly, I think this is good news. He can’t find any big investors. So, now he’s trying to piece together funding from small investors— because his business plan is terrible. Every day things look a bit better for us. FJF.