Would You Like to Buy A Marathon? For less than $20 M, it's yours!

http://hardballtalk.nbcsports.com/2011/11/05/frank-mccourt-is-also-trying-to-sell-the-los-angeles-marathon/

I'll send him a check!!

Not really it's a bad investment, kinda like buying a car. Plus like a bull market, I'm willing to bet that you will start to see a bear market in the running world soon. There is a reason why they are selling.

They also need to get a better date - and route.

Schuey wrote:Not really it's a bad investment, kinda like buying a car. Plus like a bull market, I'm willing to bet that you will start to see a bear market in the running world soon. There is a reason why they are selling.

Schuey, I'm not sure how much you know about McCourt, but he's selling because he's run the Dodgers into the ground, is in the midst of a divorce settlement, has been terrible at managing his money, and is desperate for cash. Not to say you're wrong about the direction of the marathon, but I think that has a whole lot less to do with this situation than McCourt's own personal finances do.

From what I heard, the Stadium to the Sea course that they started last year was pretty good.

And yes, McCourt is trying to cash out to pay off the ex.

Someone will buy it on 40 cents on the dollar. Sounds like RNR would be nice!

Schuey wrote:Not really it's a bad investment, kinda like buying a car. Plus like a bull market, I'm willing to bet that you will start to see a bear market in the running world soon. There is a reason why they are selling.

We are an investment club now?

mul21 wrote:

Schuey wrote:Not really it's a bad investment, kinda like buying a car. Plus like a bull market, I'm willing to bet that you will start to see a bear market in the running world soon. There is a reason why they are selling.

Schuey, I'm not sure how much you know about McCourt, but he's selling because he's run the Dodgers into the ground, is in the midst of a divorce settlement, has been terrible at managing his money, and is desperate for cash. Not to say you're wrong about the direction of the marathon, but I think that has a whole lot less to do with this situation than McCourt's own personal finances do.

That is true...he is broke...the ex is taking him to the cleaners. I think it is more about trying to gain some liquid assets more than selling high and bailing out.

Jerry wrote:

Schuey wrote:Not really it's a bad investment, kinda like buying a car. Plus like a bull market, I'm willing to bet that you will start to see a bear market in the running world soon. There is a reason why they are selling.

We are an investment club now?

Investment club - I like that idea. Let's say we get it for 40cents on the dollar x $20M = $8M. Now we're talkin'. There's about 200 of us on this board so $8M/200 people comes out to $40,000 a person. Peanuts.

Jerry, you can be the RD!!

mountandog wrote:

Jerry wrote:

Schuey wrote:Not really it's a bad investment, kinda like buying a car. Plus like a bull market, I'm willing to bet that you will start to see a bear market in the running world soon. There is a reason why they are selling.

We are an investment club now?

Investment club - I like that idea. Let's say we get it for 40cents on the dollar x $20M = $8M. Now we're talkin'. There's about 200 of us on this board so $8M/200 people comes out to $40,000 a person. Peanuts.

Jerry, you can be the RD!!

How do I know it's worth a dollar? What if 30cents?

Jerry wrote:

mountandog wrote:

Jerry wrote:

Schuey wrote:Not really it's a bad investment, kinda like buying a car. Plus like a bull market, I'm willing to bet that you will start to see a bear market in the running world soon. There is a reason why they are selling.

We are an investment club now?

Investment club - I like that idea. Let's say we get it for 40cents on the dollar x $20M = $8M. Now we're talkin'. There's about 200 of us on this board so $8M/200 people comes out to $40,000 a person. Peanuts.

Jerry, you can be the RD!!

How do I know it's worth a dollar? What if 30cents?

Just send me $40k and we'll talk.

mountandog wrote:

Jerry wrote:

mountandog wrote:

Jerry wrote:

Schuey wrote:Not really it's a bad investment, kinda like buying a car. Plus like a bull market, I'm willing to bet that you will start to see a bear market in the running world soon. There is a reason why they are selling.

We are an investment club now?

Investment club - I like that idea. Let's say we get it for 40cents on the dollar x $20M = $8M. Now we're talkin'. There's about 200 of us on this board so $8M/200 people comes out to $40,000 a person. Peanuts.

Jerry, you can be the RD!!

How do I know it's worth a dollar? What if 30cents?

Just send me $40k and we'll talk.

You are saying I send you $40k, later you give me $100k and I make $60k. How about you send me $20k, we are even?

I would never have guessed the LA Marathon was worth 20 millions. Seems way too high.

Nick Morris wrote:

That is true...he is broke...the ex is taking him to the cleaners. I think it is more about trying to gain some liquid assets more than selling high and bailing out.

He's going to sell the Dodgers for somewhere in the neighborhood of $1 Billion, plus other assets he has. His wife has agreed to take $141 million. So I think he'll still be OK. I hear Mark Cuban might buy the team from him.

Ken Mello wrote:

Nick Morris wrote:

That is true...he is broke...the ex is taking him to the cleaners. I think it is more about trying to gain some liquid assets more than selling high and bailing out.

He's going to sell the Dodgers for somewhere in the neighborhood of $1 Billion, plus other assets he has. His wife has agreed to take $141 million. So I think he'll still be OK. I hear Mark Cuban might buy the team from him.

Heehee, agreed. We normal people worry about super rich too much, which is exactly why we stay normal, they are super rich.