Will Irsay sell now?

[csmopar]

https://www.nfl.com/news/nfl-owners-vote-to-allow-private-equity-funds-to-buy-stakes-in-teams
 

seems teams can sell up to 10 percent to a private investment fund if they so chose think Irsay will?

[Blueblood23]

5 minutes ago, csmopar said:

https://www.nfl.com/news/nfl-owners-vote-to-allow-private-equity-funds-to-buy-stakes-in-teams
 

seems teams can sell up to 10 percent to a private investment fund if they so chose think Irsay will?

You interested?

[csmopar]

Just now, Blueblood23 said:

You interested?

Sure, can you loan me a bout 600,000,000 cash? I’ll repay it 1 dollar a year with interest lol

[cjwhiskers]

Really hate that owners did this. Private equity ownership is getting out of control and has no place in sports. 
 

Hope Jim keeps the team family owned. 
 

 

[NewColtsFan]

14 minutes ago, cjwhiskers said:

Really hate that owners did this. Private equity ownership is getting out of control and has no place in sports. 
 

Hope Jim keeps the team family owned. 
 

 

In his big press conference today, commish Goodell made it clear the equity firms will have ZERO input into anything.  
 

The reason for them to buy in at just 10 percent is prestige.  “Yes, we are part owners of the Colts!”    But that’s it.   By new NFL rule they are prohibited from giving any input to anything. 
 

Hope this helps.  

[AKB]

i hope not

[Zoltan]

This seems like a move for the Davis family and the raiders in Vegas. They are the least rich franchise if I remember right and could probably use the capital with having to pay so many head coaches after firing them. 

[Goatface Killah]

2 hours ago, NewColtsFan said:

In his big press conference today, commish Goodell made it clear the equity firms will have ZERO input into anything.  
 

The reason for them to buy in at just 10 percent is prestige.  “Yes, we are part owners of the Colts!”    But that’s it.   By new NFL rule they are prohibited from giving any input to anything. 
 

Hope this helps.  

Yeah but then it expands over time. 

 

This is the problem. People minimize that initial transaction that creates the snowball that expands as it goes down the road. 

[ColtsGermany]

1 hour ago, Goatface Killah said:

Yeah but then it expands over time. 

 

This is the problem. People minimize that initial transaction that creates the snowball that expands as it goes down the road. 

Exactly what I was thinking. First it's 10 percent, in 10 years 20% and so on.

 

[Superman]

4 hours ago, Zoltan said:

This seems like a move for the Davis family and the raiders in Vegas. They are the least rich franchise if I remember right and could probably use the capital with having to pay so many head coaches after firing them. 

 

The Raiders are doing pretty well now. 

 

 

[Goatface Killah]

1 hour ago, ColtsGermany said:

Exactly what I was thinking. First it's 10 percent, in 10 years 20% and so on.

 

I think it will move even faster than that. Within 25 years there will be an investment firm own a majority stake of a team. 

 

These firms are very dangerous and way too powerful. They should be closely regulated.

 

[crazycolt1]

I can't

forsee Irsay not keeping the Colts in family but who knows after he passes?

[csmopar]

1 hour ago, Goatface Killah said:

I think it will move even faster than that. Within 25 years there will be an investment firm own a majority stake of a team. 

 

These firms are very dangerous and way too powerful. They should be closely regulated.

 

Exactly. I’m all for capitalism but this is gonna be bad bad bad for the NFL.

 

no investment firm dumping 650,000,000 dollars(10 percent of a 6.5 billion dollar franchise) into something is not going to want to have zero say in anything for long. It’ll start with ticket prices and concession prices, they’ll go up faster than ever before. 

[Nadine]

40 minutes ago, csmopar said:

Exactly. I’m all for capitalism but this is gonna be bad bad bad for the NFL.

 

no investment firm dumping 650,000,000 dollars(10 percent of a 6.5 billion dollar franchise) into something is not going to want to have zero say in anything for long. It’ll start with ticket prices and concession prices, they’ll go up faster than ever before. 

I hope not.  Private equity doesn't know how to do anything other than drain every last cent out of a business.

[RollerColt]

8 minutes ago, Nadine said:

I hope not.  Private equity doesn't know how to do anything other than drain every last cent out of a business.

It’s starting to happen in my little town. One by one they’re buying out houses, tearing them down and building McMansions in their place… I’ll be priced out of my own house soon. 

[BlackTiger]

I'll say no i dont see it.  He wants 100% going to his daughters and doesnt need the money

[lollygagger8]

Maybe they can use some of that money to get some good referees finally 

[csmopar]

33 minutes ago, RollerColt said:

It’s starting to happen in my little town. One by one they’re buying out houses, tearing them down and building McMansions in their place… I’ll be priced out of my own house soon. 

Same here

[Nadine]

43 minutes ago, RollerColt said:

It’s starting to happen in my little town. One by one they’re buying out houses, tearing them down and building McMansions in their place… I’ll be priced out of my own house soon. 

Don't get me started on what they're doing to the housing market

[Dingus McGirt]

9 hours ago, NewColtsFan said:

In his big press conference today, commish Goodell made it clear the equity firms will have ZERO input into anything.  
 

The reason for them to buy in at just 10 percent is prestige.  “Yes, we are part owners of the Colts!”    But that’s it.   By new NFL rule they are prohibited from giving any input to anything. 
 

Hope this helps.  

Sort of like a next level corporate sponsorship?

[csmopar]

48 minutes ago, Nadine said:

Don't get me started on what they're doing to the housing market

Yeah let’s not. My new career is Construction Project Management. I could go on for DAYS on this topic haha. Remember the Andrew Luck mega thread? My posts would be longer than that thread  

[superrep1967]

6 hours ago, ColtsGermany said:

Exactly what I was thinking. First it's 10 percent, in 10 years 20% and so on.

 

I don't think that's the legacy Jim wants to leave to his daughters. He's been grooming them to take total control of the team when he's ready to.

[Defjamz26]

Be grateful we have an old school stubborn owner. He wouldn’t let anyone outside of the family (and maybe Peyton one day) own a part of the team.

 

This could mean disaster for a team like the Packers who are already a publicly owned team.

[Blueblood23]

13 hours ago, csmopar said:

Sure, can you loan me a bout 600,000,000 cash? I’ll repay it 1 dollar a year with interest lol

I find your terms and conditions unacceptable, so no. 😂

[indyagent17]

Unless he trust somebody extremely well, he will not give any levers to anybody else regarding running this team

[2006Coltsbestever]

When has Irsay ever said he would sell the team? He loves the Colts and football, that is his life (outside of collecting guitars  )

[Lifetime Colt]

Jim has enough money to start his own private equity firm in his daughters names, keep all holdings in the family, write off the equity investment, and save his daughters 10% of the teams value in Capital Gains tax when he passes.

[Rhodelesstraveled]

I think death will take Jim out quite soon.  Who gets the team next is the big topic because his family does not have the deep pockets it needs to stay in this game with the Estate issues.  

[jvan1973]

14 hours ago, Rhodelesstraveled said:

I think death will take Jim out quite soon.  Who gets the team next is the big topic because his family does not have the deep pockets it needs to stay in this game with the Estate issues.  

He is only 65.   Also,  I'm sure the estate issues have long been handled.