[giantsprospects] In the last 10 months, San Francisco Baseball Associates LLC has sold 11%-12% of the team for an estimated 350M-450M. I wish every time the 17M to Blake Snell thing is written (pays out this week btw), so is this point.
[giantsprospects] In the last 10 months, San Francisco Baseball Associates LLC has sold 11%-12% of the team for an estimated 350M-450M. I wish every time the 17M to Blake Snell thing is written (pays out this week btw), so is this point.
16 comments
This headline just gave me a seizure
This is point.
Good more money to extend the vibes
They are a toy, nothing more. This group is the “let’s win just enough” group.
Pleasing the shareholders is more important than pleasing the fans.
Cheers to Bill Neukom, and wanting to win.
Did Charlie Kelly write this?
TIL that GPT is on Bluesky. Consistently grounded and borderline autistically detail oriented posts for the past decade. Missed them.
Did I just have a stroke?
Huh?
10 meaningful games is what the Giants got out of Snell (before Aug). Not sure which contract signing was worse: Snell or Rodon. Both were hard to trade at the deadline, but Snell was likely worse because of his qualifying offer. Giants actually had a QO with Rodon and received a pick.
Reading that gave me a stroke
My phone has cancer now thx
So that makes the Giants worth roughly $3 to $4 *billion*. Which is amazing! I’m not one hundred percent sure of this, but as I recall it Bob Lurie bought the Giants from Horace Stoneham in 1976 for $475,000, a ‘72 Dodge Dart with only 17K miles on it, and a handful of magic beans. I could be wrong on that, though.
This puts the current valuation at around $4B. The owners are making a fortune as the try to break even.
Do we have details on where that 11-12% ownership stake came from? Did the ownership group dilute their own shares or did people choose to sell? If it’s the latter, that money just went to whatever individual owner sold, and would not be invested in the team.