Patspsycho
Veteran Starter w/Big Long Term Deal
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- Aug 13, 2009
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I agree that his PE portfolio is questionable at best. IMO, Snyder has taken many risks and like any good businessman, has experienced failures.
The origional arguement was, "Is Daniel Snyder a good businessman". We'll have to agree to disagree or derfer to time as the judge. He can sell the 'Skins tomorrow and walk away with $600m in cash - plus or minus $100m.
This is an interesting argument to pursue. On paper, yes it looks like Snyder is a good business man in terms of strict cash gains; i.e., if he were to sell the Skins tomorrow, he would have made a profit.
But in terms of maximizing the bottom line, we know that winning is intricately tied into extracting the most of ROI, in terms of owning a sports franchise.
We think about the top 1% traders on Wall Street- take Soros for example, the man who "broke the bank of England" when he bet everything he had against the depreciation of the English pound and ended up making $1 billion in one day of trading, in '92.
So is Snyder a good businessman? Yes. The best? No.