Re: Phins value rather stagnant according to Forbes list
Date: August 16, 2013 10:53AM
Dolph- yeah Wayne still owns 5 percent for nostalgia.. He never wanted to sell the team, but with estate planning for his family, his age, the foresight that capital gains was going up and not wanting his kids to wind up like Joe Robbies kids, he sold the team reluctantly... He didnt need the money but it is not a good idea to die owning an NFL team, that death tax will devour your estate with an asset like the Dolphins... I think Ross protected himself from it with that big 2 billion dollar charity donation upon his death...
eesti- I would agree if we start to win, you will see us in the annual 10 percent plus club again...
Huizenga has a knack for selling at the top of the market.... Remember that Viacom deal that bought Blockbuster for 8.4 billion...Viacom IPOed Blockbuster for 4.8 billion. Then turned down a deal to buy netflix for 50 million a year later... Made a deal with Enron and their broadband service for movies on demand instead... Yes that Enron.... Which gets caught up in the accounting scandal and files for Bankruptcy... By 2010 Blockbuster files for Bankruptcy as well with a value of just 24 million dollars.... As the world turns..... mind boggling....
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All things are subject to interpretation whichever interpretation prevails at a given time is a function of power and not truth.
Nietzsche