Rodgers purchases minority stake in Bucks

Zero2Cool
Elite Member Topic Starter

7 years ago

Now we know why Aaron is frustrated.

Packers quarterback Aaron Rodgers was announced Friday as a limited partner in the Bucks ownership group during the team's playoff game against the Celtics.

Continue Reading @ ESPN

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yooperfan
Veteran Member

7 years ago

If he can afford this he sure as hell doesn't need to stress the Packers salary cap with a 30 + million dollar a year extension.

Nonstopdrivel
Preferred Member

7 years ago

According to SPOX.com , a German sports site, Rodgers is the first active NFL player ever to own a stake in another sports franchise:

Rodgers (Green Bay Packers) saß bei Spiel 3 im BMO Harris Bradley Center und wurde auf dem Videowürfel gezeigt, womit die Bucks die Nachricht verkündeten. Er wird zum ersten aktiven NFL-Spieler, der während seiner Karriere Anteile an einer Franchise in einem anderen Sport besitzt.

SPOX wrote:

The author goes on to state that although the exact ownership stake Rodgers bought has not been revealed publicly, it's believed to be "significant" and not merely a vanity purchase.

isocleas2
Member

7 years ago

Didn't Kohl still have a 2 percent stake? Maybe it was that piece. Either way smart move by the Bucks and by Rodgers.

Smokey
Veteran Member

7 years ago

Aaron Rodgers' investments have nothing to do with his contract with the Packers. He could be invested in Cattle or Oil or in an Airline and it still would not have any bearing upon his personal service contract with the Packers.

I'd like to read why anyone would believe that one would/could affect the other. IMO, it's like saying one can pick oranges from a peach tree.

Cheesey
Preferred Member

7 years ago

I think that Yooperfan was making the point that if the guy is rich enough to buy part of a NBA franchise, it’s not like he’s hurting for money and shouldn’t feel that it’s necessary to milk every nickel and dime out of the Packers.
It’s not like he’s saying Rodgers should play for FREE, is it?
Just to not make it so ridiculous that the team won’t be able to afford the players necessary to get them to another championship.
Is that asking too much?
I myself don’t think so.

Smokey
Veteran Member

7 years ago

Originally Posted by: Cheesey

If GB is not willing to pay Rodgers a top dollar deal, there will be other teams that will. Miami or Tampa or some other city would gladly pay the price to get Rodgers. Loyalty is one thing, but business is business.

wpr
Preferred Member

7 years ago

Aaron has earned the right to be paid what he's worth. If you want the best, pay the man. It doesn't matter if he already has a fat wallet or not.

NSD, "significant". Do you think that means 10% or more? 5% or less seems like a vanity purchase.

isocleas2
Member

7 years ago

Considering the Bucks recently had a valuation over 1 billion dollars even a small purchase of 2-5% would have cost Rodgers 20-75 million. I'm not sure he could even afford whatever is considered a large stake without dropping all his other investments (and then some).

Nonstopdrivel
Preferred Member

7 years ago

#10

NSD, "significant". Do you think that means 10% or more? 5% or less seems like a vanity purchase.

Originally Posted by: wpr

That's what I was thinking. Given that the current ownership bought the team in 2014 for $550 million (surprisingly cheap, it seems to me), I assumed he must have bought somewhere between 10 and 15 percent. There are six other owners, so 25 percent is probably too high a stake (and likely outside his budget), while less than 10 percent seems like it wouldn't be worth his time, especially given the relatively low profit margin professional sports franchises offer. Maybe the group split it evenly seven ways, or 14 percent apiece. Then again, even just 10 percent would be around $50 million, or two years' salary for Rodgers, so we could be overestimating what he's capable of investing. In any case, it looks like he's putting his endorsement deals to good use.

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