Do you think that Arte feels snake-bitten with the Pujols move?

[Tank]

wait, i typed barry sotero but autocorrect gave him a much cooler name.

[Lou]

Barry Stereo ! 

that's better than Gregor McConnor. 

[Ace-Of-Diamonds]

On 10/5/2018 at 12:18 PM, gurn67 said:

The estimated value of the franchise was $554 million at the end of the 2011 season. The estimated value of the franchise is $1.8 billion today. I wish I was so "snake bit". The real question is why is Arte so obsessed about a few million dollars a year in luxury taxes to try to put a winner around the greatest player this team has ever had (and probably ever will have) on a team that's worth over $1.6 billion more than what he paid for it.

Arturo "Arte" Moreno is the owner of the Los Angeles Angels, which he bought in 2003 for $184 million. It is now worth $1.75 billion. Moreno's fortune stems from his billboard advertising company Outdoor Systems, which he sold to Infinity Broadcasting for $8.7 billion in 1999.

10 fold return on investment in 15 yrs. not too shabby. Buy us a Championship Arte.

[JarsOfClay]

10 hours ago, Dtwncbad said:

How many more years are left on the Pujols contract?

Has anyone on this board actually seen and read the actual contract?

I've seen it, and it's more horrific than you might imagine.

 

2019		39	$28,000,000	-	$28,000,000	$28,000,000
2020		40	$29,000,000	-	$29,000,000	$29,000,000
2021		41	$30,000,000	-	$30,000,000	$30,000,000
2022		42	UFA
Contract Notes: Full no-trade clause 3000 Hits Bonus: $3 million Home Run Record: $7 million Annual Award Bonus: $875,000 $10 million personal services contract paid after playing contract expires. All Star: $50,000 Gold Glove, Silver Slugger, LCS MVP: $75,000 WS MVP: $100,000 MVP: 1st ($500,000), 2/3 ($75,000)

[Lou]

[JarsOfClay]

What is the Annual Award Bonus? Does he get 875k just for shits and giggles?

[Lou]

Ha. I was wondering that myself. 

[Kevin]

1 hour ago, JarsOfClay said:

What is the Annual Award Bonus? Does he get 875k just for shits and giggles?

Every time Claude brought up Pujols in a non Pujols thread, Arte had to pay the 875k to him.

 

It was getting pretty pricey so Arte asked Chuck to ban Claude.

[Angel Oracle]

4 hours ago, Lou said:

LOL

That was WWE-esque.

[yk9001]

17 hours ago, Dtwncbad said:

It is also widely reported that Mike Trout is from the East Coast.  I suppose you need to see Mike Trout's birth certificate.

You're not good at these.

[jgimondo]

The risk he took paid off in attendance and all the sales during games. Unfortunately we are stuck with him .

[Docwaukee]

We've been through this before.  Why would Arte give away his money?  It's not like payroll is $120 mil and he's raking in 100m plus per year.  He probably makes a solid profit and takes a decent salary on top of it as chairman.  If he adds an extra $30 mil in payroll to grab Bryce Harper, that's directly out of his own pocket (and those of the shareholders which are likely a bunch of his friends).  Would that increase attendance?  Maybe a little.  Would that give us a better chance to win?  Maybe a little.  Is that worth the cost?  probably not.  

 

[Blarg]

That new jumbotron in right field wasn't donated. It's called operating expenses.

[Dtwncbad]

54 minutes ago, yk9001 said:

You're not good at these.

You got roasted for making a dumb point in insisting on audited financials before we can talk about the Angels not having debt in the team.

It was dumb.  It might have also just been an excuse for you to tell us all you are a CPA, which is a huge "big deal" and also made you look silly.

The quality of my feedback in making fun of how ridiculous you were is well beside the point.

[Dtwncbad]

15 minutes ago, Dochalo said:

We've been through this before.  Why would Arte give away his money?  It's not like payroll is $120 mil and he's raking in 100m plus per year.  He probably makes a solid profit and takes a decent salary on top of it as chairman.  If he adds an extra $30 mil in payroll to grab Bryce Harper, that's directly out of his own pocket (and those of the shareholders which are likely a bunch of his friends).  Would that increase attendance?  Maybe a little.  Would that give us a better chance to win?  Maybe a little.  Is that worth the cost?  probably not.  

 

Your question is valid.  And what you say would best apply to someone needing income, or needing to build equity that is not there, or focused (obligated) to investor return.

Thise dont apply to his situation.  It is a fair speculation that Arte might simply value winning at this point.

And people need to understand that even if Arte went big to win with additional expense in salary, the result would only be a slow down of his continued wealth growth, not an erosion of his wealth.

That is a very large point.

And by the way, winning another WS and having Trout for his whole career in an Angels uniform might boost the value of the franchise a half billion or more.

[yk9001]

23 minutes ago, Dtwncbad said:

You got roasted for making a dumb point in insisting on audited financials before we can talk about the Angels not having debt in the team.

It was dumb.  It might have also just been an excuse for you to tell us all you are a CPA, which is a huge "big deal" and also made you look silly.

The quality of my feedback in making fun of how ridiculous you were is well beside the point.

This is all nonsense.

You have zero idea whether the club has any debt or not. If you state that the club doesn't have any debt, and you can't provide a link to anything, just say it and move on.

 

[Docwaukee]

11 minutes ago, Dtwncbad said:

Your question is valid.  And what you say would best apply to someone needing income, or needing to build equity that is not there, or focused (obligated) to investor return.

Thise dont apply to his situation.  It is a fair speculation that Arte might simply value winning at this point.

And people need to understand that even if Arte went big to win with additional expense in salary, the result would only be a slow down of his continued wealth growth, not an erosion of his wealth.

That is a very large point.

And by the way, winning another WS and having Trout for his whole career in an Angels uniform might boost the value of the franchise a half billion or more.

of course it's an erosion of his wealth if his expenses are greater than his revenue and he has to borrow against the equity value of the team to pay for that.  It's just simple math.  You're also assuming that the value of the team will continue to increase whereas they may have different projections.  

You can mince words and call it whatever you want, but at the end of the day it's literally money out of his pocket.  Whether it's straight up cash now or a decrease in future value.  

 

[yk9001]

Do you even have a link to someone saying that the club has no debt?

[Docwaukee]

1 minute ago, yk9001 said:

This is all nonsense.

You have zero idea whether the club has any debt or not. If you state that the club doesn't have any debt, and you can't provide a link to anything, just say it and move on.

 

https://www.forbes.com/mlb-valuations/list/

this is what forbes shows, but you would know better than I about where debt service can be hidden.  

[Dtwncbad]

Just now, yk9001 said:

This is all nonsense.

You have zero idea whether the club has any debt or not. If you state that the club doesn't have any debt, and you can't provide a link to anything, just say it and move on.

 

You are being a douche.

Everyone with any knowledge of the Angels finanvial.position has did they have no debt.

Nobody with any credibility has every even suggested otherwise.

Given that, discussing the Angels financial situation accepting the 100% consensus that they have no debt is normal.

You are not being normal.

[Blarg]

3 minutes ago, Dtwncbad said:

You are being a douche.

Wow, I don't think you can see just how much of an asshole you look like in this thread.

 

[Dtwncbad]

2 minutes ago, Dochalo said:

of course it's an erosion of his wealth if his expenses are greater than his revenue and he has to borrow against the equity value of the team to pay for that.  It's just simple math.  You're also assuming that the value of the team will continue to increase whereas they may have different projections.  

You can mince words and call it whatever you want, but at the end of the day it's literally money out of his pocket.  Whether it's straight up cash now or a decrease in future value.  

 

You are misunderstanding me.  Just a numbers example so you know what I am saying. .    If your investments grow your wealth $80m per year, and you start to spend an addiyional $50m per year, then your wealth is still growing by  $30m per year.

The number above are just explaining my point and are not intended to represent Artes actual situation.

At some point when you are a multi-billionaire, it may not matter to you at all if your wealth grow $30m a year or $80m a year.

In this example you see a $50m "loss" and that's fine to see it that way.

It is just important to acknowledge that it is equally fair to see that they are still getting substantially more wealthy every year.

[Dtwncbad]

2 minutes ago, Blarg said:

Wow, I don't think you can see just how much of an asshole you look like in this thread.

 

Blarg, I could not care less what you think.  You are consistently the irrelevant sniper in threads.

And add this edit. . .I don't mind being an asshole where it is appropriate.

[Dtwncbad]

13 minutes ago, yk9001 said:

Do you even have a link to someone saying that the club has no debt?

Use google lazy ass.

[Blarg]

But your being an asshole without cause.

3 minutes ago, Dtwncbad said:

It is just important to acknowledge that it is equally fair to see that they are still getting substantially more wealthy every year.

Wealth is never realized in an investment. Costs are. You are a donkey at times.