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Old 01-03-2003   #1
Mutt
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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.
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Old 01-03-2003   #2
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17.5% per year compounded for 30 years. Pretty sweet.
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Old 01-03-2003   #3
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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.
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Old 01-03-2003   #4
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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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Old 01-03-2003   #5
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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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Old 01-03-2003   #6
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Quote:
Being worth 1 billion on paper is not the same as actually being able to collect the cash
But it doesn't suck
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