thecampster Posted March 30, 2012 Report Share Posted March 30, 2012 How's this for a slow night topic? The lottery is $540 million. After cash payout it's going to be about $350-$365 million before taxes. Assuming the NBA would approve you as an owner. The estimated price to buy the Hawks and Phillips is around $300 million plus bank retainer. Assuming you avoid taxes through business investment having enough available, answer these questions:1. Would you buy them?2. What would be your first order of business?3. What would you not change?4. Do you think you could profit?5 What would it take to make them a champion? Link to comment Share on other sites More sharing options...
thatsmydawg Posted March 30, 2012 Report Share Posted March 30, 2012 I'd buy season tickets. Link to comment Share on other sites More sharing options...
Joker Posted March 30, 2012 Report Share Posted March 30, 2012 No. Link to comment Share on other sites More sharing options...
EazyRoc Posted March 30, 2012 Report Share Posted March 30, 2012 I would buy them. Link to comment Share on other sites More sharing options...
AHawks89 Posted March 30, 2012 Report Share Posted March 30, 2012 I would buy them. Link to comment Share on other sites More sharing options...
Guest Walter Posted March 30, 2012 Report Share Posted March 30, 2012 How's this for a slow night topic? The lottery is $540 million. After cash payout it's going to be about $350-$365 million before taxes. Assuming the NBA would approve you as an owner. The estimated price to buy the Hawks and Phillips is around $300 million plus bank retainer. Assuming you avoid taxes through business investment having enough available, answer these questions:1. Would you buy them?2. What would be your first order of business?3. What would you not change?4. Do you think you could profit?5 What would it take to make them a champion?I think this is how lottery winners go broke and end up with a lower happiness quotient than before their winning, but, I'll bite...2) My first order of business would be to improve the "long-view" of the Hawks. I would invest more into the GM, coach, and scouting. I would buy picks rather than sell them. I would currently retool and not fully rebuild this team3) I would not change "ALL" the players (retool vs rebuild)4) I would not expect to profit. That's why I would not buy this team unless my net worth was over say $1 B.5) "Championships? You want to talk about Championships?!?" Luck with this current team. Long-view thinking with better scouting able to find later rd gems (i.e. SA) and a better ownership reputation that can draw in FAs for the future. W 1 Link to comment Share on other sites More sharing options...
MaceCase Posted March 30, 2012 Report Share Posted March 30, 2012 Uhm, you'd just be another broke owner like the ASG investing all of your money into the purchase of the franchise but then not having the funds to actually run the operations of the franchise. Be an even worse situation for the rest of us fans actually, watching you literally firesale everything that's not bolted down in Phillips just to break even because with most of your wealth gone the only way the operation of the team will survive will be through revenue sharing and having an extremely low (and now even more illegal thanks to the CBA) payroll. Most NBA owners are either extremely rich through their other businesses where they can afford the loss of millions every year for an expensive toy or they make their money off their highly prized franchise like Dr. Jerry Buss and the Lakers. It's not a one shot deal. Owning a professional team is not for pie in the sky wide eyed believers, take that money and go somewhere where basketball doesn't even matter. 1 Link to comment Share on other sites More sharing options...
Guest Posted March 30, 2012 Report Share Posted March 30, 2012 (edited) Nah....but I will buy Hawksquawk Edited March 30, 2012 by JayBirdHawk Link to comment Share on other sites More sharing options...
benhillboy Posted March 30, 2012 Report Share Posted March 30, 2012 Never played the lottery in my life, but if I did win, absolutely not. As long as Apple is still selling stock, that seems like the safer investment to me. Link to comment Share on other sites More sharing options...
ATLSmith Posted March 30, 2012 Report Share Posted March 30, 2012 Tough question to answer without getting a good look at their balance sheet. Link to comment Share on other sites More sharing options...
EAambassador Posted March 30, 2012 Report Share Posted March 30, 2012 How much would it be to buy into ASG and become a majority owner? I wouldn't want to spend every dime I have to buy them but I would buy a piece of them so I can have all kinds of perks and access to behind the scenes. Link to comment Share on other sites More sharing options...
Premium Member Vol4ever Posted March 30, 2012 Premium Member Report Share Posted March 30, 2012 NO, You would have to be a billionaire to spend 540 mil on the Hawks or it would be a silly investment. Link to comment Share on other sites More sharing options...
HawkItus Posted March 30, 2012 Report Share Posted March 30, 2012 1. Would you buy them? Hell NO! They lose money2. What would be your first order of business? 3. What would you not change?4. Do you think you could profit?5 What would it take to make them a champion? Link to comment Share on other sites More sharing options...
Premium Member NineOhTheRino Posted March 30, 2012 Premium Member Report Share Posted March 30, 2012 I would move this team to South Ga or North Ga. Metro Atlanta doesn't deserve a sports team period. Link to comment Share on other sites More sharing options...
coachx Posted March 30, 2012 Report Share Posted March 30, 2012 I may buy a suite at Phillips with some lottery money but I'm sure as heck not buy the Hawks. Link to comment Share on other sites More sharing options...
Watchman Posted March 30, 2012 Report Share Posted March 30, 2012 I would move this team to South Ga or North Ga. Metro Atlanta doesn't deserve a sports team period.Hmmm. The Macon Hawks? The Savannah Hawks? The Blue Ridge Hawks? The Valdosta Hawks? The Rome Hawks? The Commerce Hawks? The Dahlonega Hawks? The Columbus Hawks?I don't know. Those names just don't sound quite right. 1 Link to comment Share on other sites More sharing options...
EazyRoc Posted March 30, 2012 Report Share Posted March 30, 2012 I don't think the Hawks were selling for much. I might be wrong but wasn't it around $200 million Link to comment Share on other sites More sharing options...
benhillboy Posted March 30, 2012 Report Share Posted March 30, 2012 I don't think the Hawks were selling for much. I might be wrong but wasn't it around $200 millionHell, Joe could buy them after his contract is done. They'll probably give him another 50 million. 1 Link to comment Share on other sites More sharing options...
Admin Posted March 30, 2012 Report Share Posted March 30, 2012 Nah....but I will buy Hawksquawk Haha I'm sure Chillz would sell it to you for a million or so... I just bought my tickets and the jackpot is up to $640 million right now! Link to comment Share on other sites More sharing options...
thatsmydawg Posted March 30, 2012 Report Share Posted March 30, 2012 Hell, Joe could buy them after his contract is done. They'll probably give him another 50 million.Hilarious! Link to comment Share on other sites More sharing options...
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