05-01-2022, 05:11 PM
Looks like the Eisiners have had to take a haircut on this one. After losing their most profitable license (Major league Baseball), arguably because they had not invested in the company to move it forwards, they have sold if for about a quarter of what was touted last year.
They purchased it for 385M 15 years ago. So that profit works out at less than 2% per year. And that's without taking inflation into account, plus the sales fees & taxes associated with the transaction.
Oh dear. If they had stuck that money in the S&P 500 and sat on their arse this whole time, they would have made 8% per annum more!
They purchased it for 385M 15 years ago. So that profit works out at less than 2% per year. And that's without taking inflation into account, plus the sales fees & taxes associated with the transaction.
Oh dear. If they had stuck that money in the S&P 500 and sat on their arse this whole time, they would have made 8% per annum more!