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top dawg

Just a thought on Tepper, Cuban & Richardson and this sale.

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Thomas Franck of CNBC perhaps believes that the money aspect of David Tepper's purchase of the Panthers shouldn't be understated, at least for those who are interested in the deal from an investment perspective.

 

"But while the deal represents a huge initial buyout, Tepper is likely betting on reliable returns. The Pegulas, for example, have the value of the Bills climb to $1.6 billion in just two years, netting $200 million more than their initial investment. But Tepper is also likely watching the industry as a whole as the way people enjoy football continues to evolve."

 

Actually, I think that he's betting on more than "reliable" returns. After all the formalities, Tepper will have already purchased the team for at least 100 mil under Forbes' estimated worth.  Now he's set himself up for the long run. He is obviously a forward thinking guy in all respects who also really loves football (which will hopefully bode well for our team), but he also loves to exponentialize (yeah, that's a word I just made up) his money. And with all the down-talk about the NFL and its viewership, including by Mark Cuban, Tepper is obviously looking at the bigger picture (if not another picture entirely).

 

"And that...could have been one of the reasons Tepper considered buying a sports franchise, according to CNBC contributor and Short Hills Capital Partners founder Stephen Weiss.

"'There's always going to be a profit angle, a return on investment calculus,' Weiss said. 'It still has to be profitable.'

"Weiss, who's known Tepper and other owners of major sports franchises over the years, said that to assess viewership with the traditional measures may slowly be becoming an outdated model.

"'You can't just go by viewership on the major networks, you have to go by other factors because you've got other avenues of revenue," Weiss added. "You've got Amazon, you've got YouTube: That creates arguably even more of a bidding war as well as more ways to leverage the product.'

"The Panthers deal also comes just after the Supreme Court's ruling allowing states to legalize sports gambling. While the NFL has long opposed legalized sports gambling, the allowance could potentially spell additional revenue sources."

 

I thought Cuban was simply just wrong about the NFL as an investment, and Tepper's purchase of the Panthers pretty much solidifies my belief. He knows the NFL and he knows investments. And to think that I wanted Cuban to buy the Panthers when it was first apparent that Jerry Richardson would be forced to sale, but Tepper may have just dropped down like manna from football heaven. Not that Cuban wanted the Panthers (or any NFL franchise) or is in an express competition with Tepper, but I believe that in terms of his perceptions of the NFL as an investment, Cuban just got pwned (to use a more modern term)!

Richardson may have been pwned too---may have. Sure he and the league were pressed to get a deal done in order to stop the sale process from dragging over into the summer and fall, but you know who wasn't pressed? And who among us now really believes that Tepper wasn't fully aware that the Supreme Court decision on sports gambling couldn't happen any day around the time that he was inking his signature on the contract? The dude is sharp! I know J-Rich isn't dumb, but I doubt that that court decision was even on his radar, much less his mind. In any event, Tepper got a deal on this franchise.

 

"'It's like owning a Picasso. There aren't many out there and they rarely come up for sale,' said Joe Favorito, a Columbia University professor and strategic communications executive in New York. 'You can't find another business, no matter what you do, that if you just maintain it, it appreciates in value like this.'"

https://www.cnbc.com/2018/05/20/david-teppers-latest-investing-move-the-nfls-carolina-panthers.html

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I don’t keep up with billionaires but Tepper’s analysis means far more to me than that of Cuban just by virtue of how they made their fortunes. 

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Teppers analysis means more to me because he is putting his money on the line. where as Cuban just made a pass commenting on something he not really invested in.

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14 hours ago, Jackofalltrades said:

I don’t keep up with billionaires but Tepper’s analysis means far more to me than that of Cuban just by virtue of how they made their fortunes. 

Can you elaborate? 

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Isn’t Tepper getting a pretty hefty tax break for buying the team as well? Or did I make that up? I swear I read that on here. 

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11 hours ago, 4Corners said:

Can you elaborate? 

Tepper is in finance, Cuban’s background is telecom if I’m not mistaken. 

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