Hopefully I'll do a quick substack on this one, because its really bad. LOL.Fox bought the company for $572M, financed with debt. Interest on the debt...
Hopefully I'll do a quick substack on this one, because its really bad. LOL.
Fox bought the company for $572M, financed with debt. Interest on the debt was roughly $107-115M per year. The unit was generating roughly $65-73M in EBTIDA per year.
When you net everything out, Fox lost about $400M before counting capex and working capital.
The only thing Fox retains in this deal are the losses. No IP sticks around, not that they'd want it anyway. Baseball has nothing to do with suspension.
I'm going to try and include both sides of this, but the short answer is if I destroyed this much value in anything I was working...
I'm going to try and include both sides of this, but the short answer is if I destroyed this much value in anything I was working on I'd 100% be fired (and maybe a lawsuit would follow).
I’ve seen people get fired for selling discounted drinks to their partner.
Hopefully I'll do a quick substack on this one, because its really bad. LOL.Fox bought the company for $572M, financed with debt. Interest on the debt...
Hopefully I'll do a quick substack on this one, because its really bad. LOL.
Fox bought the company for $572M, financed with debt. Interest on the debt was roughly $107-115M per year. The unit was generating roughly $65-73M in EBTIDA per year.
When you net everything out, Fox lost about $400M before counting capex and working capital.
The only thing Fox retains in this deal are the losses. No IP sticks around, not that they'd want it anyway. Baseball has nothing to do with suspension.
I'm going to try and include both sides of this, but the short answer is if I destroyed this much value in anything I was working...
I'm going to try and include both sides of this, but the short answer is if I destroyed this much value in anything I was working on I'd 100% be fired (and maybe a lawsuit would follow).
I’ve seen people get fired for selling discounted drinks to their partner.
That shit is how companies go away.
Cannondale: “ Let’s build a MX bike “
“ And a four wheeler! “
Post a reply to: The Bikeconomics (Mega)Thread