Richie the Rally Goat
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Everything posted by Richie the Rally Goat
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Barry wasn’t exactly big in his Pirates days either
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He could be buying them now, so he wasn’t “wrong” just “early” :) -
Fortunately, he’s not on the roster anymore
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When I purchased my small business it was an asset only blue sky sale. Both of M&A ventures that my employers went through in the hundreds of millions and billions were equity sales. One a leveraged buy out, the other public stock. On an enterprise sale this large with this much risk exposure and tax implication, I would not make the assumption of asset only. The remaining risk exposure without the future revenue would be untenable for the Pohlad Companies, as well as the capital gains impact. remember, they bought the franchise for $44m, and are selling it for $1.5b. Asset sales are regular income tax up to 37% fed and 18% state. Equity is taxed at capital gains, 10% state and 10% federal, that’s $675,000,000 minus $300,000,000 equals $375,000,000 tax savings, plus another $400,000,000 in debt relief. For $775,000,000 I’m pushing hard for equity sale
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Correct, today the mn Twins LLC owe somebody (maybe the Pohlad company) $400m. The asking price is $1.5b and include the debt in the sale. In other words the Pohlad company are selling The Minnesota Twins LLC, not just the assets/brand. edit to add, the new owner of The Minnesota Twins LLC would take over the debt. If the debt were to the Pohlad Company, this would be a sticking point, especially because it exceeds the MLB rules on how much debt to equity a team can have. It would make sense that the MlB would buy the debt like a mortgage being bought from a bank by Fannie Mae.
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Perfectly fair. As it sits, they’re 5 games back of a wild card, and only the Tigers are really playing well in the AL. The Twins pitching has stopped the bleeding and Pablo should be back in August. If the Twins can start scoring runs again, they can make up ground in a hurry.
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I’d like to see a trade for a good hitter, probably an expiring contract 1B, and optimism that Correa and Wallner snap out of their funks. If the team doesn’t make a post season push, then fire the FO and let the new FO make the long term decisions.
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If the FO is terrible, why should we want them to trade assets away that have contracts past this year?
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Egads! Topa…
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Question of the week: You sellin' or buyin'?
Richie the Rally Goat replied to Brock Beauchamp's topic in Minnesota Twins Talk
Do the Twins have a Nelson Cruz expiring contract? Willi Castro isn’t bringing back a Joe Ryan type. -
Question of the week: You sellin' or buyin'?
Richie the Rally Goat replied to Brock Beauchamp's topic in Minnesota Twins Talk
Push the chips in at the break. Sell hard in the offseason if they don’t make a good post season push. The expiring contracts aren’t worth much anyways -
Oh man, my stomach dropped
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Me too!
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Darth Bader!
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Who’s your father?!
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To me it depends on Keaschal or Lewis If they’re imminent and actually healthy/productive like we’re used to seeing they’re in the lineup every day. At that point I’d rather DFA Bride and trade Castro for something (probably not a ton) than to DFA Clemens too.
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To add to the anti-sell sentiment, the expiring contracts on the Twins aren’t the coveted players. It’s the ones that expire after 2026. A rebuild for this team is a longer term project. This team is too good to scorched earth rebuild
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25.5 career WAR, 107 SB, 151 HR in 837 games. top 10 all time and he’s still getting better we are lucky to get to watch him right now
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Yesterday was game 81 with a 39 and 42 record exactly half way. With the highest highs, and lowest lows, this team is currently pacing 78 and 84. They would have to go 33 and 48 rest of season to get to 90 losses. Not impossible, by any stretch, but I really do think this team, could just as likely be an 82 game winner as a 90 game loser. Were they to sell, of course the 90 game loser becomes more likely.
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Slowest team in MLB and they also have Buxton and Bader in the lineup regularly and every team carries two catchers… that’s pretty awful. Puts the rest of the lineup in a glacial category relative to their peers. What was Falvey doing?
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Wallner does grade out as a better defender, but that’s a low bar I think it has more to do with Wallner is in a really bad funk since the beginning of June
