theBigLip wrote:Snakebites wrote:theBigLip wrote:
Good point. He’s done well on franchise value, which he sort of rides the tide of the entire league. Net income is still important, don’t know about those details, but probably doing well with that as well.
For sure. He’d definitely LIKE the team to win more games, which would lead to more income and potentially playoff revenue. Those things matter too.
But they likely aren’t WHY he bought the team. He’s in a position to make a tidy profit whenever he decides to cut ties. He picked a pretty good time to buy an NBA franchise.
Real good timing:But even if the Pistons continue to misfire their way to NBA ignominy, there’s another bright spot for the owner. Gores purchased the Pistons in 2011 for $325 million. The franchise is now worth $3.1 billion, according to the latest
Sportico
NBA valuations. At an 854% return on investment, the Pistons are probably the billionaire’s best investment of all.
And that’s the bottom line.
He’s been a terrible owner but a damn good investor.