But they rent from themselves, so money made by the real estate side is paid by the operations side of the ledger, right?Originally Posted by mvp 78
But they rent from themselves, so money made by the real estate side is paid by the operations side of the ledger, right?
When you say it's gonna happen now
When exactly do you mean?
No, his tax hit is 46M per year through 2033. The cash paid out is different.
No, they own a bunch of real estate around the stadium that they rent to unrelated third parties that goes into the valuation of the Sox and the money the team earns. It has nothing to do with the Sox renting Fenway to themselves.
ok, i understand now. thanks.
With their new alliance with Red Sox Payroll, I have a high degree of confidence in their numbers. It's kind of amazing that no one can seemingly get it right.
https://www.nbcsportsboston.com/mlb/...l-team/619510/
Here's news many Red Sox fans won't want to hear: John Henry has no plans to sell the team.
Some other highlights:
Henry held firm on the club's decision to avoid spending heavily in free agency and suggested the fans hold unrealistic expectations.
"Because fans expect championships almost annually," he said, "they easily become frustrated and are not going to buy into what the odds actually are: one in 20 or one in 30."
He thought the reaction to chairman Tom Werner's comments about going "full throttle" this winter were overblown, but he also seemed to misunderstand fan anger over the state of the big league club.
"(Werner's comments) overshadowed every other word, paragraph and interview of the winter because it reaches so deeply into the false belief that many fans and media have that you should mortgage the future each year for the present," he said. "You have to base acquisitions and dispositions on the future, not the past. That is unpopular generally."
Henry reiterated a point he has made in the past about his reticence to address fan and media concerns directly.
"I don't think people in my position can win publicly -- your words are often used against you -- so the less I say I generally think the better," he said.
World Series odds are NOT 1 in 20 let alone 1 in 30. C'mon man!
It's not even 1 in 100.
These guys really overestimate how good the current team is.
I get the talk about fans not valuing the future, but 20 to 30 to 1 is way off base.
When you say it's gonna happen now
When exactly do you mean?
His 1 in 30 metric comes from 1 out of 30 MLB teams I think! That's why there's a 1 in 30 chance.
I thought of that, too, but then throwin in the 20:1 made me think he felt even 30:1 was for real "odds."
When you say it's gonna happen now
When exactly do you mean?
I figured he was throwing out the bottom third of teams that realistically have no chance (Rockies, White Sox, A’s, etc).
I guy mof his stature should know how to talk.
When you say it's gonna happen now
When exactly do you mean?
I figured he just said 1 in 30 because there’s 30 teams and he thinks they all have an equal chance…
I think that portion of his comments of getting far more attention that it deserves, when the rest of the commentary is far more informative, and not in a “good news” way…
It may not be good news but it does represent the consensus of what most serious fans have been thinking about Henry's point of view for the last few years. No surprises for me.
Nothing surprised me.
The only thing that raised aqn eyebrow was the 1 in 20 and 30 comment.
When you say it's gonna happen now
When exactly do you mean?
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