Fertitta Backs out of Public SPAC Merger, to remain Private

It's a running joke. At the end of the day, I don't know Patrick's credentials or competency. He could be a operational bball savant. As long as a winning culture is implemented and sustained, I'll be content.

 

You're right, it is almost universal. But the best owners are the ones who hire professionals and then stay out of the way. It would be good for more to learn that principle- they are good at having parents with copious amounts of money. Let someone else be good at building a sports franchise.

Meddling with a budget (or with a "culture") has a poor track record over 100 years of the 4 major sports.

Coming in and putting his family on the mural in the arena is a very bold move and a bad omen when compared with his decisions so far.

A salary cap is a natural ceiling, if you can't afford it perhaps you own the wrong asset class. There are plenty of cars and art that rich people can use as status symbols instead of making millions of fans miserable.

 

Again. If you can't pick a good SPAC just because the market isn't making new highs every week, you shouldn't be investing your own money. Hire a professional.

By its very nature, the SPAC market as a whole SHOULD have negative returns. That doesn't mean it's not a good vehicle for smart investors that need to raise capital.

 

Yes putting your face on a mural of a team is bad
Like what Les did when he made himself bigger than dream on that mural At Toyota center during his day
@Jontro

 

Tells you that he is more of an amateurish fan than a real owner.

Also the hospitality business was going to suffer under Covid.

 

Meh. 33mil is chump change if its EBITDA is really near a billion.

 

Mobsters usually don't take their legit businesses public. Too much of an indoor to the books.

 

33 million is still a lot of money for tightwad Fertits.

 

Hows that going buddy? How much you lost?

 

Are you asking about current market conditions again, or are you asking how my portfolio performed in December?

I really hope you aren't investing your own money.

 

I told you since November the market was **** for IPOs and SPACs, you dont know ****. Soon I will be investing your money you lost on my shorts...