Like many rockets fans I was puzzled with the halftime show and more acts that you don’t actually have to pay for. Clearly, FVV contract is hampering our halftime entertainment efforts. Who can blame large contracts and injuries right? like many other rockets fans I was also on my way to start a gofundme for Tillman until I saw this YouTubes video. Why are we being so cheap then?!
His net worth skyrocketed during COVID. Strange considering you’d think his industry would have been most impacted by it.
Fertits is ultra cheap, just look at his restaurants. He buys assets and will make the product worse so he could save a couple extra cents. He will spend money on buying assets (leveraged) and good P.R. moves, like he does with the Coogs. Otherwise, he cuts costs to actually run his business to the bone. He is cheap AF, that's why we have the worst halftimes in the history of the NBA.
Guys who make serious money in the restaurant industry are notorious for this…not paying their vendors.
Halftime is still the best part of every game. Last night for example. That karate exposition was AMAZING!
There is a book called Shut Up And Listen. I'm told everyone who has read it is a billionaire, and their sons get to LARP as a sports team manager.
Start by watching the amazing halftime shows at the Rockets that paying customers have to endure or be forced to the hallways and buy overpriced crappy concessions food.
That goes for anyone in hospitality. I went in depth on this during Covid and he was likely in some trouble then, but has since bounced back significantly. Property values have increased, he has made solid investments and the Rockets themselves have nearly doubled in value since he purchased them. That is a $2B+ gain on just the Rockets. He can refinance and make additional investments, he purchased the most expensive piece of land in Las Vegas history recently. He owns a big piece of Wynn Resorts which is preventing him from building on that land due to a conflict, but along with others in this industry (Trump being one) that were facing tough times due to being levered up during the pandemic, are now positioned very well. Real Estate is something good to own in inflationary times. No billionaire is going to have high liquidity anywhere near their net worth, they will have it invested.
Partially true. Theres liquid as in sitting in a checking account, and then liquid as in you have a diversified mix of asset classes and investment time horizons relevant to your financial goals. But alas Mr greasy spoon decided to decimate a 60 win team, avoid luxury tax for the corpses of Brandon Knight and Iman Shumpert, and is still trying to win a playoff series 7 years later. Shut up and listen.
