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The Consortium

Edgy MD Feb 11 2020 11:47 AM

Spotting a three billion asking price in the other thread, I tried to assemble a consortium of Mets-loving funny folks to pull the switch on a purchase. I figured if I got three billion in net worth (and why shouldn't I trust the internet for providing accurate figures on net worth?), they could all put up half, and finance the rest. That's certainly more than the Wilpon/Katzes ever did. That said, I had to branch out beyond funny folks into not-so-funny folks into kinda-douchey folks. Nicki Minaj is annoying, and I can't think of anybody who likes Ed Sheeran but the guy is loaded. Bill Maher is a tool but he's already in the fold. I don't know who Dylan O'Brien is, but he strikes me as somebody who, if he was in the room, I wouldn't be able to enjoy a game. But I don't know, so I gave him the benefit of the doubt. I drew the line at Governor Chris Christie because he's Governor Chris Christie. Also worth keeping in mind: the price tag is somewhat (a small somewhat) lower because of Maher's shares already being purchased. Sweet! Big Shot Reported Net Worth Jerry Seinfeld $950,000,000 Adam Sandler $450,000,000 Matthew Broderick $170,000,000 Ed Sheeran $160,000,000 Ray Romano $130,000,000 Chris Rock $100,000,000 Bill Maher $100,000,000 Jon Stewart $80,000,000 Kevin James $80,000,000 Hank Azaria $80,000,000 Nicki Minaj $80,000,000 Mark Anthony $80,000,000 Tim Robbins $60,000,000 George Thorogood $60,000,000 Edie Falco $50,000,000 Glenn Close $50,000,000 Sigourney Weaver $50,000,000 Jimmy Kimmel $45,000,000 Hillary Swank $40,000,000 Viggo Mortensen $30,000,000 Trevor Noah $30,000,000 Clare Danes $30,000,000 Marisa Tomei $20,000,000 Sebastian Maniscalco $16,000,000 Amy Schumer $16,000,000 Kristin Chenoweth $16,000,000 Julia Stiles $12,000,000 John Oliver $10,000,000 Dylan O'Brien $7,000,000 Gabby Douglas $4,000,000 Richard Kind $3,500,000 Jim Breuer $3,000,000 Total $3,012,500,000

kcmets Feb 11 2020 11:52 AM Re: The Consortium

Maybe thecranepool can float a bond issue and see if we can nuzzle in there between Gabby and Dylan. I got $20 cranebucks doing nothing!

Ceetar Feb 11 2020 12:10 PM Re: The Consortium

come on. You can't have Oliver and Stewart on there without Colbert.

Edgy MD Feb 11 2020 12:26 PM Re: The Consortium

I didn't know that Colbert was in the fold. He would come with another $60,000,000 in capital. I'm pretty sure that Noah had to submit in order to get his job. He may be a Met fan under duress.

Centerfield Feb 11 2020 01:07 PM Re: The Consortium

Is Susan Sarandon herself a Mets fan? Or did she only come to games because of Tim?

Lefty Specialist Feb 11 2020 01:42 PM Re: The Consortium

There's something wrong with America when Jim Breuer is worth $3,000,000.

Benjamin Grimm Feb 11 2020 01:44 PM Re: The Consortium

Are guys like Mike Piazza and David Wright eligible for this list?

Edgy MD Feb 11 2020 02:03 PM Re: The Consortium

I guess. Especially if they actually would be seriously interested. I originally started out just trying to build a coalition of the funny. I realize entertainers can be reprehensible, and some of these likely are, but I'd really like to stay away from hedge fund managers if I can help it.

Lefty Specialist Feb 11 2020 02:18 PM Re: The Consortium

Irony alert: Carlos Beltran is worth $80 million.

Edgy MD Feb 11 2020 02:36 PM Re: The Consortium

Ed Kranepool isn't as cute as Gabby Douglas but he's still worth a cool $14,000,000.

LWFS Feb 11 2020 06:53 PM Re: The Consortium

The comics should pretty much be able to finance this between them, no?

nymr83 Feb 11 2020 07:46 PM Re: The Consortium

Seinfeld should be able to do this himself with financing and some silent partners, right?

MFS62 Feb 11 2020 07:48 PM Re: The Consortium

If I hit a big Power Ball or Mega Millions jackpot, I hereby promise to sweeten that pot. Later

Edgy MD Feb 11 2020 08:32 PM Re: The Consortium

=nymr83 post_id=31549 time=1581475584 user_id=54] Seinfeld should be able to do this himself with financing and some silent partners, right?

I tend to think that these sorts of investments are things comics are seriously averse to.



Jay Leno supposedly has kept the bulk of his career earnings untouched, but he tries to buy every motorcycle he ever sees. Comics will drop $$ on concrete shit like tha,t but a company — even one that is as fun to play with as a baseball team — isn't typically the way they go.



Obviously there are exceptions. There's Maher, and Bob Hope was a minority owner of the Cards, and Bing Crosby a minority owner of the Pirates. But Jim Carrey could wake up tomorrow and buy Ben & Jerry's but he doesn't. My theory is that being in the movie business makes performers terrified of the fickleness of the marketplace. As if, someday soon, people are going to stop liking ice cream.



But everybody getting together and splitting the risk ... that's got to have some appeal, right?

MFS62 Feb 12 2020 05:41 AM Re: The Consortium

Edgy MD wrote: But everybody getting together and splitting the risk ... that's got to have some appeal, right? Yes. Later

Ceetar Feb 12 2020 07:13 AM Re: The Consortium

Edgy MD wrote: But everybody getting together and splitting the risk ... that's got to have some appeal, right? but who's the control person! (my votes for Stiles, but that's probably gonna be my vote no matter what the question is)

Willets Point Feb 12 2020 08:08 AM Re: The Consortium

Mets President Julia Stiles greets the media on the first day of Spring Training. https://66.media.tumblr.com/310aef5402d5bed61383c8abe8dc4637/tumblr_mti0nxEOQu1sf0am7o1_500.gif>

Benjamin Grimm Feb 12 2020 08:12 AM Re: The Consortium

I know this thread is just for fun, but I'd rather see a deep-pocketed billionaire buy the team than a bunch of celebrities who may be overextending themselves. We'd be left with the same situation we're in with the Wilpons, only less smarmy.

batmagadanleadoff Feb 12 2020 08:17 AM Re: The Consortium

Benjamin Grimm wrote: I know this thread is just for fun, but I'd rather see a deep-pocketed billionaire buy the team than a bunch of celebrities who may be overextending themselves. We'd be left with the same situation we're in with the Wilpons, only less smarmy. Totally agree. This is exactly what I was thinking as I was reading this thread. I just kept it to myself because, like you also said, it's just for fun.

Edgy MD Feb 12 2020 09:09 AM Re: The Consortium

Well, I don't think they'd be overextending themselves, depending on how responsible they are with money. How much real capital do you think Fred and Saul and Jeff put up? Probably less than what would be Seinfeld's share alone. Do I think they'd put competent management in place? I have no idea. And obviously, something like this is unlikely to happen anytime soon except in Funland. I do know that I'm not optimistic about Mr. Cohen being an answer to my fondest hopes.

Centerfield Feb 12 2020 10:34 AM Re: The Consortium

The Wilpons put up significantly less capital because the team wasn't valued anywhere near $3 billion until now. And if the incoming owner has to leverage a significant portion of the purchase price while also not collecting market level TV revenue, that owner will be handcuffed in terms of revenue similarly to how the Wilpons are now handcuffed. Our new owner has to be flush, and needs to be able to supplement the loss of TV revenue that will continue the line the Wilpons' pockets for the near, and not-so-near future.

MFS62 Feb 12 2020 07:23 PM Re: The Consortium Edited 1 time(s), most recently on Feb 13 2020 08:47 AM

What may be lost in all of this is the statement that the Mets are losing $50 million per year. Just guessing that is probably because the Wilpons are not allowing the team to be paid what they should be from their TV outlet SNY. That is also what allows them to plead poverty when the entire Mets/ SNY conglomerate is most likely operating at a huge profit. And that is also why they wanted to shield SNY from this deal with Cohen. Any prospective buyer should lock up a decent payout from SNY before they commit to a deal. Better yet, threaten to start their own network to carry the games and lower the bid. (If nothing else, it will scare the crap out of Fred and totally confuse [CROSSOUT]Fredo[/CROSSOUT] Jeff, who probably can't count to eleven without dropping his pants.) Later

nymr83 Feb 13 2020 06:51 AM Re: The Consortium

yeah they're losing 50 million... which includes a well-below market TV deal, parking and concessions fees somehow going directly to Wilpon's pockets, overpaid Wilpon and Katz family members permeating the organization, merchandising handled by "JeffWilp Inc." etc. I dont trust their books at all.

Ceetar Feb 13 2020 07:45 AM Re: The Consortium

other numbers "leaked" during the initial story about the sale said 60 million over 2 years I think. It's all made up bs though. Add up all the expenses on one side for everything, count them strictly against gate sales or something. Ignore money from MLB, from naming rights, from parking. different 'entities'. I mean, it's the same math that always tripped of Megdal back with the Madoff/frozen assets stuff. The Mets ,and the aggregate media, were repeating exaggerated numbers to cry poor (Especially they were trying to mitigate responsibility by playing the victim too) The franchise value grows by millions every week. Hell, just the PECOTA predictions may already bump them up. 75% of a playoff berth and that windfall? that's valuable. It's all nonsense. All of it. we know less than we even think we do. I'm sure there's some gray area to the "family wants to sell" bits too. It doesn't matter who's running the Mets or how poorly. Very few things gain value like this. The Mets make a playoff run this year they probably get another 50 million each, easy, in a sale. Who's in a hurry to get out from under that? Losing money. That the media repeats this claim with no fact checking is ridiculous.