Because why wouldn’t you invest in Larry...
- Thread starter Coug90
- Start date
$500 million for a ten percent stake?
If Larry pulls that off, he deserves the private jet.
Equity guys will laugh at that valuation.
Larry has a better shot going on Shark Tank and cutting a deal with Mr. Wonderful.
Not necessarily, if the conference is truly valued at $5 billion it’s not that tough of a sell.
When you are private equity investor, you’re investing in those running the organization as much as you are in the business itself. Lots of great ideas and businesses fail because of people at the top having no clue how to operate a business effectively.
So my question again...why the hell would anyone invest in the dipshit currently sinking the PAC 12 ship.
$5 Billion valuation is approximately the same assigned to the Dallas Cowboys.
No f'ing way the Pac12/Pac12 Network is worth the same as America's team.
No f'ing way the Pac12/Pac12 Network is worth the same as America's team.
Nobody with $500 million makes that investment. You don’t buy a ten percent stake. Your money gets returned in five years or less. Nothing about this makes any sense, at all.
This actually sounds like someone is trolling Canzano.
dgibb is correct - The IRR doesn't pencil out. Way better deployment of capital and control for that jack, probably less risk, too.
Unless there's an exit strategy, there's also no liquidity. It's not like you can go out to the NYSE and buy some P12N in your Schwab account.
If so, short the sh*t out of it as long as Larry Scott is in charge.
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