Meet The Investers (Part 1) - 7 November
Time I think to move on from the 12 September thread and start afresh.
Can we play nice on this one please.
Whatever our views on how we got here, here we are and at some stage we will have to make decisions that could positively or adversely affect the future of our club.
To help this we really do need good quality evidence and information, some of which will come from asking the right questions of the right people.
It is right and good for people to air their opinions and thoughts and interpretations of evidence but it would really help if posters can make clear what they know is factual (and be prepared to explain why), what is informed information/speculation (ditto) and what is their opinion on their reading of events/knowledge/etc.
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https://eu.app.com/story/sports/baseball/blueclaws/2017/07/28/blueclaws-new-owners-shore-town-baseball-has-local-ties-and-big-ideas/518146001/. A little more positive if not directly related to us, seems they have had fingers in small sports clubs and assisted them before moving on. Have no idea if the market value of minor league baseball clubs or their profitability is similar to L2 and its finances.
I am curious about whether Bill Luby and Jim Collis? Would be bringing the club into the Seaport Capital portfolio or investing as two private individuals. If the former I assume they think they can turn a profit and grow the business in a reasonable timeframe for Seaport and then move on, selling for more than they paid.
If the latter perhaps they would accept less profit and have a greater interest in the ‘fun’ of club ownership.
The market value for minor league baseball clubs is huge...This is a dated article but gives some idea...with a mention of Seaport Capital too.
https://www.forbes.com/sites/chrissmith/2013/07/17/minor-league-baseballs-most-valuable-teams/#69ea6ad52327