Blind Items Revealed #4 - Mr. Hedge
April 13, 2018
This athlete investor, about whom I've written previously - is off to a very rough start, early in his inaugural season. His team looks even worse on the field than most people expected, and that's really saying something. Attendance has plummeted - cut in half, even when adjusted for changes made to how it gets publicly reported. In fact, they have already set their stadium's "record" for the fewest number of fans buying tickets to a single game, on 3 separate occasions.
As someone who saw the deal terms from the inside, the financial projections forecast both cost cutting AND a revenue increase in year 1. The entire financial plan, which justified the massive price tag his investor group paid for the team - relied upon that trend to continue in future years. The way things are going, his investors will see most of their investment value evaporated - through taking on additional debt to fund operations, in about 3-4 years.
Derek Jeter
This athlete investor, about whom I've written previously - is off to a very rough start, early in his inaugural season. His team looks even worse on the field than most people expected, and that's really saying something. Attendance has plummeted - cut in half, even when adjusted for changes made to how it gets publicly reported. In fact, they have already set their stadium's "record" for the fewest number of fans buying tickets to a single game, on 3 separate occasions.
As someone who saw the deal terms from the inside, the financial projections forecast both cost cutting AND a revenue increase in year 1. The entire financial plan, which justified the massive price tag his investor group paid for the team - relied upon that trend to continue in future years. The way things are going, his investors will see most of their investment value evaporated - through taking on additional debt to fund operations, in about 3-4 years.
Derek Jeter
