Mat Ishbia purchases the Phoenix Suns & Mercury for $4 billion!

[Harry B]

Goods for billionaires has seen the craziest inflation

Remember when NBA teams were going for like 300 million bucks that wasn't even a long time ago.

Just proves that the central banks pumpin out cash into the world has generally just made billionaires billions stack

 

[Harry B]

Nobody uses $4 billion of their own capital. It’s all funded by debt and outside investors. Few people on earth have $4billion liquid. Maybe jeff bezos but that’s it.

You still need a net worth of billions to secure funding for billions for these type of purchases.
Or a whole lotta cash, I think the debt-to-ebidta for leveraged loans is like 70 % and PE-firms use like 20-30 % equity in leveraged buyouts.

So basically he'd need 0.8bn to 1bn in cash for a leveraged buyout of 4b. And that given that the remaining 3bn meet the tests of i.a. debt-to-ebidta etc.

 

[lib123]

Over 3 billion in profit? Sarver won.

Sarver doesn't own the entire team. He's the controlling owner with a 35% stake in the ownership group.

 

[Piff Huxtable]

another jewish owner

 

[Hypris]

As a Suns fan, I'm just glad the Sarver era is over. The timing is perfect because that luxury tax is going to make a huge jump. CP3's getting 30 million a yr, Bridges is getting 20 million a yr, Ayton is getting 30 million a yr, Booker has his 40 million a yr super max, Cam Johnson's trying to get 20+ million a year.

 

[Thavoiceofthevoiceless]

Jody Allen has to been looking at the news like

 

[Astroslik]

You still need a net worth of billions to secure funding for billions for these type of purchases.
Or a whole lotta cash, I think the debt-to-ebidta for leveraged loans is like 70 % and PE-firms use like 20-30 % equity in leveraged buyouts.

So basically he'd need 0.8bn to 1bn in cash for a leveraged buyout of 4b. And that given that the remaining 3bn meet the tests of i.a. debt-to-ebidta etc.

We’re essentially saying the same thing. Even if you had $4 billion cash you’re a fool to use any liquid. Most of these things are financed through debt. Debt compromises a majority of the funding. Pe firms typically use less than 30% equity in LBOs. 30% is kinda high unless its a small/mid market buyout

 

[BigMoneyGrip]

How many black men got 4 billion to buy a team? No slight

Plenty

 

[FAH1223]

 

[Lakerman0834]

the buss family gotta sell the team they can easily get 6-7 bill

 

[GunRanger]

He already is with the Fenway group, that is how he will bid

Bill has been right about this stuff so far

 

[GunRanger]

Delete

 

[lib123]

That makes a lot more sense.

 

[lib123]

Plenty

No. Very few Black (American) men have the liquid money or assets to borrow against to finance these types of purchases.

 

[Whips-n-Chains]

From walking-on at MSU to owning a fukking NBA Team