ReddingRam
Hall of Fame
- Joined
- Sep 7, 2011
- Messages
- 2,459
I wasn't trying to "talk down" to you. I was just saying. .. you deal with these guys enough, you start to see that once they get to a certain level of worth, they get this innate sense of not losing any "worth". And all of Stan's "toys" are included in his bottom line of net worth, no? Everything he owns is how they come up with his "net worth". So .... if something is stagnant or a "loss" ... it hurts.... hurts their ego and their net worth.Trust me. I get that whole "net worth" thing. Thank you for the high finance lesson nonetheless. I always appreciate being talked down to. It keeps me humble.
The one thing I agree with you on. His "sports teams" are his toys. But the one thing you seem to be overlooking. He doesn't buy them to sell them off. And by "real $$$" I was referring to the actual bottom line in terms of profit and loss.
He makes his "living" on his development business, et al.
Stan doesn't have $3.7 billion ... it's what he owns that makes him worth that much. And if he is sinking money into something... even a "toy" it is expected to make a profit.
Now ... a new Stadium whether it be inSt. Louis ... L.A. ... Timbutoo ... will increase the "value" of his franchise ... thus elevating his worth. Doesn't have to be "for sale". He wants it's "value".