Fan Unions

[dino7c]

Originally Posted by Monahammer

Show me another investment that's grown from $16 million to over a billion since 1981. I look forward to understanding.

One you are suggesting he hasn't put any more money in

also,

Microsoft
92B
Walmart
17B

"those aren't realistic he is an oil guy"

Exxon Mobil
16M invested January 1st 1981 would be worth 2.27B today

for doing nothing, no stress, no haters, total liquidity.

https://stoculator.com/

if you don't believe me

[White Out 403]

Great, now all I can see is fat onions too. God I love onions I just want to slice up some fat ones and fry them up

[Bingo]

Originally Posted by White Out 403

I don't know if this is a genuine question or not, but people borrow against the value of unsold and unrealized gains all the time. Elon Musk did this very famously with twitter, leveraging his stock in tesla as collateral. Rich people get richer with this kind of crap constantly

For sure he can.

But then so can anyone hence remortgaging homes etc .

Not sure why you'd call it "crap"?

[White Out 403]

Originally Posted by Bingo

For sure he can.

But then so can anyone hence remortgaging homes etc .

Not sure why you'd call it "crap"?

You asked how people can use unrealized gains to further make money and I answer the question it's pretty straightforward.

[Bingo]

Originally Posted by White Out 403

You asked how people can use unrealized gains to further make money and I answer the question it's pretty straightforward.

And I agreed with you and asked you why you call it crap?

Thanks for the recap!

[White Out 403]

Originally Posted by Bingo

And I agreed with you and asked you why you call it crap?

Thanks for the recap!

I think getting into the finer points of how the wealthy used their wealth to further create more of a wealth inequality in our country and the United States is completely besides the point of this thread

[bizaro86]

Originally Posted by Bingo

How does he derive value out of the team being more without selling it?

I mean, he's kept a lot of CNRL stock and I'm sure he's happy that's gone up by a billion or two dollars even if he isn't immediately selling.

And of course you can borrow against assets.

[Bingo]

Originally Posted by bizaro86

I mean, he's kept a lot of CNRL stock and I'm sure he's happy that's gone up by a billion or two dollars even if he isn't immediately selling.

And of course you can borrow against assets.

Nobody said he isn't happy.

All I said was he may own a franchise for vanity reasons if he hasn't sold already. He has enough wealth that he likely isn't riding the Flames franchise worth as his "made it" moment.

[dino7c]

Yeah I thought of 3 companies off the top of my head that would have been better investments BEFORE even checking stoculator and they all were

including a pretty obvious oil investment that would have made double

People don't own sports teams just because they are greedy and want to maximise profits at all costs

[White Out 403]

Originally Posted by dino7c

Yeah I thought of 3 companies off the top of my head that would have been better investments BEFORE even checking stoculator and they all were

including a pretty obvious oil investment that would have made double

People don't own sports teams just because they are greedy and want to maximise profits at all costs

I'm sorry, coilers ownership is charging $50 for nachos and a drinks because they're charitable and I don't care about profits?

[dino7c]

Originally Posted by White Out 403

I'm sorry, coilers ownership is charging $50 for nachos and a drinks because they're charitable and I don't care about profits?

not what I said at all...

that is not the MAIN reason to own a sports team...we can go on, there are 100s of better investments that require zero work

if the Flames were publicly traded would sell everything and buy Flames stock or put your money elsewhere

Chevron
Conoco Phillips

I was only pushing back on the notion this is the greatest investment ever and the owner is scrooge McDuck counting his Calgary Flames playoff money laughing at us for wanting a rebuild

[GioforPM]

Originally Posted by White Out 403

I don't know if this is a genuine question or not, but people borrow against the value of unsold and unrealized gains all the time. Elon Musk did this very famously with twitter, leveraging his stock in tesla as collateral. Rich people get richer with this kind of crap constantly

Murray Edwards lends money. He doesn't borrow it.

And you realize that borrowing money doesn't make you richer, right? You think Musk is richer now than when he borrowed money to buy Twitter for $44B (and it's now worth something like $18B).

[White Out 403]

Yes, being able to borrow tens or hundreds of millions of dollars for very low interest so you can invest another thing this is exactly how rich people get richer. In this particular example Elon Musk has done very poorly because he's become a caricature and a right wing nut job setting twitter on fire

[GioforPM]

Originally Posted by White Out 403

Yes, being able to borrow tens or hundreds of millions of dollars for very low interest so you can invest another thing this is exactly how rich people get richer. In this particular example Elon Musk has done very poorly because he's become a caricature and a right wing nut job setting twitter on fire

"Very low interest"? You know nothing about business loans, do you?

And sorry for using your own example in a way you didn't like.

Name me an NHL owner who uses his shares in a team as collateral. I suspect the NHL even prohibits it. It wouldn't be good collateral anyway - it can't be sold in a receivership without league permission.

[White Out 403]

I don't have the accounting history of NHL owners and I think it's really weird that you would think that I would

[Enoch Root]

Originally Posted by White Out 403

I don't have the accounting history of NHL owners and I think it's really weird that you would think that I would

And yet you don't hesitate to tell us what owners are doing with their franchises

[GioforPM]

Originally Posted by White Out 403

I don't have the accounting history of NHL owners and I think it's really weird that you would think that I would

It's not weird that I think you should back up what you claim - that NHL owners can use their shares as collateral to "get richer".

I doubt it's ever happened. Why? Because I suspect that the NHL doesn't allow shares in a team to be used as collateral and/or no lender in their right mind would take NHL team shares as collateral. The NHL controls who can own a team. The only way a lender can use collateral like that is to have a receiver sell the shares. A share sale is valueless if the league won't permit the underlying franchise to be sold to the highest bidder.

[White Out 403]

Originally Posted by Enoch Root

And yet you don't hesitate to tell us what owners are doing with their franchises

No I was asked a simple question about how people can get value on unrealized gains

[Enoch Root]

Originally Posted by White Out 403

No I was asked a simple question about how people can get value on unrealized gains

And you demonstrated that you have no idea

[ThisIsAnOutrage]

Maybe something more along the lines of fan controlles football would work. It would be hilarious, at least.


https://en.m.wikipedia.org/wiki/Fan_Controlled_Football