Several other businessmen are involved in Moorad's group, which took control of approximately 35% of the club from John Moores when papers were signed on Wednesday. Moorad's group expects to own 100% within five years in a deal that could top out at around $500 million.
about 3 years ago
wrveres
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* Moorad’s group took control of approximately 35% of the club from John Moores when papers were signed on Wednesday.
* Moorad’s group expects to own 100% within five years in a deal that could top out at around $500 million
* Moorad owns 40% of the equity in his group of 12 partners
* Approximately $100 million has changed hands so far.
* Moores remains chairman,
* Moores is financing the deal.
* Moores remains the control person in charge of the team.
* Moorad said his goal is to compete with a payroll of $70 million to $80 million.
* Moorad also said he told his partners not to expect an annual profit.
* Other limited partners confirmed by Moorad are Alfred B. Baldwin, Richard Barry, Dan and Denise Costa, Patrick and Joanne Graham, John M. McEvoy, Robert M. Piccinini, Jay D. Stein, Wayne T. Seltzer and Tom Davin
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"Moorad also said he told his partners not to expect an annual profit."
Well gee, with that out of the way, maybe people will stop insinuating they’re being robbed. Guess what Mr. “I’m a season ticket holder and I think this” – you still aren’t paying enough to support an $80 million franchise.
Isn't it enough to know that I ruined a pony making a gift for you? ◔ヮ◔
Uncommon Sportsman :: Absurdity in play
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