5 ms·

Ryan Reynolds boutta make a pretty penny

apocalyptic0n3 4y ago
$270-$335M if his reported 20-25% stake is accurate. I'm assuming he needed to do this in order to support his bid for the Ottawa Senators.
- petesergeant 4y ago
  He'd be better off just finding someone rich to front the cash and being the face, much like with Mint
  - jeron 4y ago
    Define better off…at his level of wealth and fame it’s all about the same
  - apocalyptic0n3 4y ago
    The reported bids are north of $900M. He can't afford to be the majority owner. But he's said a few times he wants to be more than just a spokesperson and wants to have real skin in the game. This sale likely enables that
  - bob_loblaw 4y ago
    Especially since this so very common in the sports world - Derek Jeter and the Marlins, George W. Bush and the Rangers (back in the day), etc. But, professional sports teams print money. Most of the infrastructure is funded by tax payers. Salary caps (this includes baseball) keep expenditures down. Fans root for laundry, so rationality is out the window. Just look at baseball, you can pull down a healthy profit while having a dog-crap team (looking at you Pirates). As long as the team is a private entity, there is zero financial incentive to put a winning team on the field. Owning a sports team is a pretty sweet deal.
    - asdajksah2123 4y ago
      I love the luxury tax... Owners of teams like the As who do absolutely nothing to create a winning team get to live off the money made by other teams who are willing to spend on their teams and players.
    - deleted 4y ago
      [deleted]
    - pstuart 4y ago
      > Fans root for laundry That's a keeper, thanks!
      - criddell 4y ago
        It's from Seinfeld: https://www.youtube.com/watch?v=we-L7w1K5Zo https://www.youtube.com/watch?v=we-L7w1K5Zo
        bob_loblaw 4y ago
        I stole it from someone else, but I couldn't remember who. Pretty sure it wasn't Seinfeld, but I definitely didn't come up with it on my own.
    - petesergeant 4y ago
      From "Billions": > Sports franchises are how we knight people in this country
    - deepzn 4y ago
      Sports teams' value is based on the brand. In terms of operations, they actually lose money for the most part, or it's not that profitable. I saw an interview with the Bucks owner Marc Lasry, who recently is selling his stake in the Bucks. The average NBA brand like the Bucks is worth around $3B right now. He bought his stake in 2011 for 150-300M.
      - bob_loblaw 4y ago
  - dylan604 4y ago
    Does 20-25% really represent "being the face"? Did the company really give him that much equity to just be a face, or did he actually have to put up some capital?
shortrounddev 4y ago
Watch MNTN get bought by Tremor and he gets even richer

$270-$335M if his reported 20-25% stake is accurate. I'm assuming he needed to do this in order to support his bid for the Ottawa Senators.

petesergeant 4y ago
He'd be better off just finding someone rich to front the cash and being the face, much like with Mint
- jeron 4y ago
  Define better off…at his level of wealth and fame it’s all about the same
- apocalyptic0n3 4y ago
  The reported bids are north of $900M. He can't afford to be the majority owner. But he's said a few times he wants to be more than just a spokesperson and wants to have real skin in the game. This sale likely enables that
- bob_loblaw 4y ago
  Especially since this so very common in the sports world - Derek Jeter and the Marlins, George W. Bush and the Rangers (back in the day), etc. But, professional sports teams print money. Most of the infrastructure is funded by tax payers. Salary caps (this includes baseball) keep expenditures down. Fans root for laundry, so rationality is out the window. Just look at baseball, you can pull down a healthy profit while having a dog-crap team (looking at you Pirates). As long as the team is a private entity, there is zero financial incentive to put a winning team on the field. Owning a sports team is a pretty sweet deal.
  - asdajksah2123 4y ago
    I love the luxury tax... Owners of teams like the As who do absolutely nothing to create a winning team get to live off the money made by other teams who are willing to spend on their teams and players.
  - deleted 4y ago
    [deleted]
  - pstuart 4y ago
    > Fans root for laundry That's a keeper, thanks!
    - criddell 4y ago
      It's from Seinfeld: https://www.youtube.com/watch?v=we-L7w1K5Zo https://www.youtube.com/watch?v=we-L7w1K5Zo
      - bob_loblaw 4y ago
        I stole it from someone else, but I couldn't remember who. Pretty sure it wasn't Seinfeld, but I definitely didn't come up with it on my own.
  - petesergeant 4y ago
    From "Billions": > Sports franchises are how we knight people in this country
  - deepzn 4y ago
    Sports teams' value is based on the brand. In terms of operations, they actually lose money for the most part, or it's not that profitable. I saw an interview with the Bucks owner Marc Lasry, who recently is selling his stake in the Bucks. The average NBA brand like the Bucks is worth around $3B right now. He bought his stake in 2011 for 150-300M.
    - bob_loblaw 4y ago
- dylan604 4y ago
  Does 20-25% really represent "being the face"? Did the company really give him that much equity to just be a face, or did he actually have to put up some capital?

shortrounddev 4y ago

Watch MNTN get bought by Tremor and he gets even richer