Randy
๐ค SpeakerAppearances Over Time
Podcast Appearances
The last thing I had was Gabby Herzig did a great piece for The Athletic just exploring Lib's future.
Asked a bunch of sports investors.
Got eight sources to talk about
You know, what's going on with Liv?
Explain this to me.
Some of the quotes in this article are what you'd think they'd be.
I'll just read a few of them.
The league is in free fall.
They still have major large payment obligations, and they still have very large purses to pay out.
So if you're an investor looking into this, I don't know how you step into it.
Last one, Liv is so far from cash flow break-even, said one investor who currently holds a stake in an F1 team.
The math is never going to work.
The business model was around selling these franchises to get all that money out, but that investment thesis has completely failed.
The teams are not recognizable entities.
The crushers are the crushers because of Bryson DeChambeau.
When he's not there, who the fuck wants the crushers?
That's a good point.
That's a very good point.
I had not thought of that.
billion dollar franchises randy billion dollars now they they kind of re-change that to like 300 million sure each um sure which yeah again i can see the cliques being i'll talk i think if we don't if we don't buy more bots we should maybe we could buy a franchise off the scrapheap