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George Steinbrenner bought the New York Yankees for the ungodly sum of 8 million dollars. Today the Yankees are valued at one BILLION dollars!
damn, how did the Yankees go for such a cheap price? I know they sucked at the time but c'mon......the NEW YORK Yankees. |
17.5% per year compounded for 30 years. Pretty sweet.
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30 years ago they were seling Geoff Hurst (Scored a hat trick in a world Cup Final) for 100K or something like that.
Today some nobody who has never kicked a ball in an international is going for 5 mill. But you can have me for $50. :nyanya: |
What would be sweet is if Major Laegue Baseball collapses under the weight of it's own stupidity and the Yankees end up being worth ..... $8.88
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Being worth 1 billion on paper is not the same as actually being able to collect the cash.
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