David Samson

Jeffrey, no.

He had an opportunity to buy the Yankees and the argument that he and George had was over control.

What makes me smile about this Grizzlies story

is that the need for relevance is supposed to come with ownership.

But now what's happening is owners need more of it because there's a bigger universe of people who have fame.

Back in the day, there was not social media.

You were not competing with people without money for fame.

And now there are so many people who don't have money that have fame that the people who have the money want the fame and they need to figure out the way to do it.

So this example is outstanding.

Yeah, so take a look at some of the lists of limited partners for other teams.

You'll find some great names, like Michael Jordan with the Marlins, as an example.

He was.

Oh, I don't know if that's public.

um yes michael jordan was part of the partnership with derek jeter that bought the marlins in 2017. oh yeah yeah yeah here it is here it is he put in a little tiny a little tiny nothing yeah and uh yeah i don't know that that was disclosed by mlb at the time uh but there you have it so it's putting together what's called a syndicate and when you say he used the stock the problem is that obviously you borrow money according to what

potentially a stock is trading at, but there's a collar around it, where it's almost like a callable loan that if the stock falls below a certain point, hey, you better fund this with something else.

And my guess is that Robert had no other source of cash.

And so he went and borrowed money and using his stock as collateral.

And when it no longer was able to be collateral, he had to get partners.

Think back to the Red Sox, by the way, John Henry and Tom Werner, marriage of convenience.

When they bought the Red Sox, they didn't come in hand in hand as partners when they were combined with Larry Lachino.