OnlyBucs

I don't agree. He hasn't cashed out yet, much to my dismay.



It's like any other asset. He has to sell it first.

022F22333425327271400 wrote: It's strange that Nutting is so averse to spending and totally into profiting but the value of his team doesn't enrich him unless he sells it and gets that price. And yet he doesn't seem to want to cash out. I guess being an MLB team owner strokes his ego. He's not in it to win it and he's not in it to reap the fortune that awaits if he sells. Seems like he just likes being in the fraternity of team owners. I guess it makes him feel special.  ::)


And I thought Antiono Brown had the biggest ego in the Pittsburgh Sports World! I do stand corrected.

4F626F7E79687F3F3C0D0 wrote: It's strange that Nutting is so averse to spending and totally into profiting but the value of his team doesn't enrich him unless he sells it and gets that price. And yet he doesn't seem to want to cash out. I guess being an MLB team owner strokes his ego. He's not in it to win it and he's not in it to reap the fortune that awaits if he sells. Seems like he just likes being in the fraternity of team owners. I guess it makes him feel special.  ::)
This is has been my thing about the people who think he just does everything for money.  If that were the case he'd sell and basically be an instant billionaire. 



I think he over-reacted to the lessons of the mcclatchy era where big (for the time/team) bad contracts sunk the owner and the team.  So he plays it overly-conservatively.

586A66667240636A67626D6A0B0 wrote: It's strange that Nutting is so averse to spending and totally into profiting but the value of his team doesn't enrich him unless he sells it and gets that price. And yet he doesn't seem to want to cash out. I guess being an MLB team owner strokes his ego. He's not in it to win it and he's not in it to reap the fortune that awaits if he sells. Seems like he just likes being in the fraternity of team owners. I guess it makes him feel special.  ::)
This is has been my thing about the people who think he just does everything for money.  If that were the case he'd sell and basically be an instant billionaire. 
Right. People say "Forbes magazine assesses the value of the team as X. Therefore, Nutting has X amount of money in the bank to spend."



It's like buying a house and people thinking you have whatever money to spend that the house is appraised for. It's only true if you sell the house and get that money. Nutting appears to have no interest in selling and getting all that money for the franchise. OTOH he has no interest in making the franchise successful. Strangely, he seems content to sit on a goldmine just to be in the group of owners. Makes no sense to me because if he just wants to be an owner instead of cashing out and reaping the reward of the value of the franchise, then why be satisfied to be seen as the worst, cheapest member of that group? He seems to want to be a small fish in a big pond. Just so he can say he is somewhere in that pond.



Makes me wonder if, instead of being embarrassed by his more successful businessmen owner peers in terms of winning, maybe he is respected by his businessmen owner peers for using an MLB franchise to turn a tidy profit with no other goal.

Liquidity is not a problem for BOB. He has plenty of liquidity for everything he could possibly want. Why would he sell something that is adding to his net worth at a rate of $40 million per year?

342F22232A2629470 wrote: Liquidity is not a problem for BOB.  He has plenty of liquidity for everything he could possibly want.  Why would he sell something that is adding to his net worth at a rate of $40 million per year?


It certainly allows him to add to sources of credit if he wanted it to.  But, he seems to be conservative financially, so that might not matter to him.



You're right.  Why would he sell something that adds to his net worth every year....especiallyw hen he has said more than once that he wants his daughters to take over after him someday?



It's like everyone else.  If you own something, you have to have your reason for wanting to sell it.  Some are in a position where they've got no choice but to sell, and others have no reason at all to sell.



I'm assuming that the guy's not hurting. Whatever money he has, it was enough to essentially show Lemieux and Burkle the door all those years ago.

Interesting article about the Red Sox and a search for pitching, as four Pirates are mentioned.



https://www.nbcsports.com/boston/red-so ... er=ya4nbcs

725F52434455420201300 wrote: It's strange that Nutting is so averse to spending and totally into profiting but the value of his team doesn't enrich him unless he sells it and gets that price. And yet he doesn't seem to want to cash out. I guess being an MLB team owner strokes his ego. He's not in it to win it and he's not in it to reap the fortune that awaits if he sells. Seems like he just likes being in the fraternity of team owners. I guess it makes him feel special.  ::)
This is has been my thing about the people who think he just does everything for money.  If that were the case he'd sell and basically be an instant billionaire. 
Right. People say "Forbes magazine assesses the value of the team as X. Therefore, Nutting has X amount of money in the bank to spend."



It's like buying a house and people thinking you have whatever money to spend that the house is appraised for. It's only true if you sell the house and get that money. Nutting appears to have no interest in selling and getting all that money for the franchise.  OTOH he has no interest in making the franchise successful. Strangely, he seems content to sit on a goldmine just to be in the group of owners. Makes no sense to me because if he just wants to be an owner instead of cashing out and reaping the reward of the value of the franchise, then why be satisfied to be seen as the worst, cheapest member of that group? He seems to want to be a small fish in a big pond. Just so he can say he is somewhere in that pond.



[highlight]Makes me wonder if, instead of being embarrassed by his more successful businessmen owner peers in terms of winning, maybe he is respected by his businessmen owner peers for using an MLB franchise to turn a tidy profit with no other goal.[/highlight]




That's something I've never considered before.  His peers are among the most successful businesspeople of our times.  Profit is their motive and Nutting's doing his best to make a silk purse from a sow's ear, which must be admirable to at least some of the other owners from a business perspective.



But I also believe that some number of them see him as contemptible, taking advantage of the wealth shared among the owners without a solid commitment to try to compete.  Maybe others have convinced themselves that they're fine with it because they'll eventually raid his team of his good players, and the Pirates are one less team standing in the way of winning a title.  (Someone has to own the Pirates, and that person will receive MLB money anyway, so it's to the other owners advantage for it be owned by someone who doesn't care if he wins or not.)



In the end, the real losers are us fans.  I love having a major league team here but it's no fun to watch what takes place each year on the field.  Nearly every spring, fans in 29 other cities at least have some bit of hope that their team will win.  I haven't felt that since 2015.  All I have now is hope that Cherington can restore that feeling.  But it's not going to be next year.

396F796D627868636E794B6C666A626725680B0 wrote: It's strange that Nutting is so averse to spending and totally into profiting but the value of his team doesn't enrich him unless he sells it and gets that price. And yet he doesn't seem to want to cash out. I guess being an MLB team owner strokes his ego. He's not in it to win it and he's not in it to reap the fortune that awaits if he sells. Seems like he just likes being in the fraternity of team owners. I guess it makes him feel special.  ::)
This is has been my thing about the people who think he just does everything for money.  If that were the case he'd sell and basically be an instant billionaire. 
Right. People say "Forbes magazine assesses the value of the team as X. Therefore, Nutting has X amount of money in the bank to spend."



It's like buying a house and people thinking you have whatever money to spend that the house is appraised for. It's only true if you sell the house and get that money. Nutting appears to have no interest in selling and getting all that money for the franchise.  OTOH he has no interest in making the franchise successful. Strangely, he seems content to sit on a goldmine just to be in the group of owners. Makes no sense to me because if he just wants to be an owner instead of cashing out and reaping the reward of the value of the franchise, then why be satisfied to be seen as the worst, cheapest member of that group? He seems to want to be a small fish in a big pond. Just so he can say he is somewhere in that pond.



[highlight]Makes me wonder if, instead of being embarrassed by his more successful businessmen owner peers in terms of winning, maybe he is respected by his businessmen owner peers for using an MLB franchise to turn a tidy profit with no other goal.[/highlight]




That's something I've never considered before.  His peers are among the most successful businesspeople of our times.  Profit is their motive and Nutting's doing his best to make a silk purse from a sow's ear, which must be admirable to at least some of the other owners from a business perspective.



But I also believe that some number of them see him as contemptible, taking advantage of the wealth shared among the owners without a solid commitment to try to compete.  Maybe others have convinced themselves that they're fine with it because they'll eventually raid his team of his good players, and the Pirates are one less team standing in the way of winning a title.  (Someone has to own the Pirates, and that person will receive MLB money anyway, so it's to the other owners advantage for it be owned by someone who doesn't care if he wins or not.)



In the end, the real losers are us fans.  I love having a major league team here but it's no fun to watch what takes place each year on the field.  Nearly every spring, fans in 29 other cities at least have some bit of hope that their team will win.  I haven't felt that since 2015.  All I have now is hope that Cherington can restore that feeling.  But it's not going to be next year.


Or the year after that :'(

6B5550584B535358785D4A593C0 wrote: It's strange that Nutting is so averse to spending and totally into profiting but the value of his team doesn't enrich him unless he sells it and gets that price. And yet he doesn't seem to want to cash out. I guess being an MLB team owner strokes his ego. He's not in it to win it and he's not in it to reap the fortune that awaits if he sells. Seems like he just likes being in the fraternity of team owners. I guess it makes him feel special.  ::)
This is has been my thing about the people who think he just does everything for money.  If that were the case he'd sell and basically be an instant billionaire. 
Right. People say "Forbes magazine assesses the value of the team as X. Therefore, Nutting has X amount of money in the bank to spend."



It's like buying a house and people thinking you have whatever money to spend that the house is appraised for. It's only true if you sell the house and get that money. Nutting appears to have no interest in selling and getting all that money for the franchise.  OTOH he has no interest in making the franchise successful. Strangely, he seems content to sit on a goldmine just to be in the group of owners. Makes no sense to me because if he just wants to be an owner instead of cashing out and reaping the reward of the value of the franchise, then why be satisfied to be seen as the worst, cheapest member of that group? He seems to want to be a small fish in a big pond. Just so he can say he is somewhere in that pond.



[highlight]Makes me wonder if, instead of being embarrassed by his more successful businessmen owner peers in terms of winning, maybe he is respected by his businessmen owner peers for using an MLB franchise to turn a tidy profit with no other goal.[/highlight]




That's something I've never considered before.  His peers are among the most successful businesspeople of our times.  Profit is their motive and Nutting's doing his best to make a silk purse from a sow's ear, which must be admirable to at least some of the other owners from a business perspective.



But I also believe that some number of them see him as contemptible, taking advantage of the wealth shared among the owners without a solid commitment to try to compete.  Maybe others have convinced themselves that they're fine with it because they'll eventually raid his team of his good players, and the Pirates are one less team standing in the way of winning a title.  (Someone has to own the Pirates, and that person will receive MLB money anyway, so it's to the other owners advantage for it be owned by someone who doesn't care if he wins or not.)



In the end, the real losers are us fans.  I love having a major league team here but it's no fun to watch what takes place each year on the field.  Nearly every spring, fans in 29 other cities at least have some bit of hope that their team will win.  I haven't felt that since 2015.  All I have now is hope that Cherington can restore that feeling.  But it's not going to be next year.


Or the year after that  :'(
______

Or the year after that.