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Minority Owners?..What exactly do they do?

Discussion in 'Miami Dolphins Forum' started by late again, Jul 22, 2009.

  1. late again

    late again Senior Member

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    We seem to all of a sudden have acquired a plethora of minority owners.
    And I happened to hear just a small piece of an interview with Marc Anthony. He mentioned something about "rolling up his sleeves and getting to work"...
    So it occurred to me - just what would he actually be doing in the way of work with this team?
     
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  2. unluckyluciano

    unluckyluciano For My Hero JetsSuck

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    sit in the owners box, and tell people he is working?
     
  3. Stringer Bell

    Stringer Bell Post Hard, Post Often Club Member

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    Since he is a musician, I would assume he just does drugs in the owner's box...
     
  4. Dol-Fan Dupree

    Dol-Fan Dupree Tank? Who is Tank? I am Guy Incognito. Club Member

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    the question is, "What don't they do?"
     
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  5. Static XIII

    Static XIII New Member

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    Smile and look famous
     
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  6. DrAstroZoom

    DrAstroZoom Canary in a Coal Mine Luxury Box

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    Well, I would say it depends on what minority they are, but I don't stereotype as a rule.
     
  7. m ino

    m ino New Member

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    they write checks and help with tax payoffs.
     
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  8. djphinfan

    djphinfan Season Ticket Holder Club Member

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    As far as our new minority owners.
    --------------------------------------------------------------------------------

    Its all about creating Electricity in a stadium that is completely void of it......

    I'am sure its a small piece, with plenty of fine print for him to stay the hell away from the football operations side.

    Ross's angle...Lets make our stadium like one big party, with our OWN fans.

    Local celebs having a piece brings a sense of unity within our community,
    like em or not they do rep south florida.

    I think its a good thing
     
  9. the 23rd

    the 23rd a.k.a. Rio

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    In this particular case, they bring their prestige & notoriety to the Franchise.
    (very sharp marketing ploy)
     
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  10. DrAstroZoom

    DrAstroZoom Canary in a Coal Mine Luxury Box

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    And a sweet, sweet booty.
     
  11. The Aqua Crush

    The Aqua Crush New Member

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    Doesn't matter so long as whatever their doing is far far away from whatever Bill Parcell's is doing.

    IF they do that, great value additions to the Miami FO.
     
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  12. Uncle Rico

    Uncle Rico New Member

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    I always thought Marc Anthony had a kinda boney butt.
     
  13. unluckyluciano

    unluckyluciano For My Hero JetsSuck

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    would we be asking what the owners do if they weren't minorities. Think about it.
     
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  14. Disgustipate

    Disgustipate Season Ticket Holder Club Member

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    Maybe this is just wild speculation, but I think Ross has a kind of smart angle here.

    Maybe he's selling these people a stake in the team, and as a result, gaining access to them as performers. I doubt he would have to pay them to perform at a game, considering ticket revenues are going to be beneficial to them. Basically he's got a Vegas-style fixed venue arrangement with artists who are theoretically very popular in the specific market.

    It would serve very much as a hook to people. Where I sit at games is about 60$ per seat, which is comparable, or even less than concert tickets for many of these artists. Come for the concert, but you're a captive audience for the game.

    At least from the standpoint of Estefan and Anthony, they are a big draw among growing Hispanic populations in South Florida, which is a demographic that the NFL has been trying hard to gather.
     
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  15. Mile High Fin

    Mile High Fin New Member

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    I'm a CPA and business attorney. I see sales of business interests routinely in my work.

    When they say "minority owner", notice they aren't saying what % is owned/transferred to the celeb.

    Considering the team is worth about $1B (give or take), then if these celebs are paying, say, $1M for their portion, that would buy a one-tenth of one percent (ie, 0.001) ownership.
    Heck, even a $10M investment would only buy one percent. And I greatly doubt these celebs are investing $10M. I know they're rich, but $10M in investable CASH is a whole lot, even for them. Most of their wealth is probably tied up already in non-liquid assets like realty, other businesses, "toys" (cars, boats, planes, etc).
    They're probably cutting a check for, say, $1M-range for about a 0.001 ownership.
    But, hey, it's still a million-dollar investment to the celeb, even if it's a ultra-small %.

    This is enough to call them a minority owner (although truly miniscule), and get their help/involvement in promoting the Fins. And, Ross isn't out anything (except some legal fees, ha) since he's been paid fair market value for the tiny portion transferred.

    He probably also has buy-out provisions (at his option) spelling out a maximum purchase price to buy-back the % from the celeb later (with a built-in ceiling price, so even if the franchise increases in value a huge amount, he only has to pay part of that increase to buy-out the celeb).
    Anyway, I could go on, but that should give you a little bit of reality to understand what's really happening here.
     
  16. Rhody Phins Fan

    Rhody Phins Fan Well-Known Member

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    If I ever win the lottery this is exactly what I would do. I would by a percentage of the Dolphins no matter how small it was just so I could call myself an owner.
     
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  17. bakedmatt

    bakedmatt Well-Known Member

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    Spread the risk for the Stephen Ross and earn a profit?
     
  18. Larry Little

    Larry Little Season Ticket Holder Club Member

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    Estefan scouts the PAC 10. Anthony scouts the SEC.
     
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  19. Bpk

    Bpk Premium Member Luxury Box

    I think that now that we have a minority President, we will see a lot more minority owners.
     
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  20. Frumundah Finnatic

    Frumundah Finnatic U Mad Miami?

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    Hopefully they stay the hell away from Parcells' office.
     
  21. Bpk

    Bpk Premium Member Luxury Box

    Everyone here knows a minority owner refers to non-controlling interest (less that 50%) of the business, not the racial background of the person right?

    ........right?

    lol
     
  22. Bpk

    Bpk Premium Member Luxury Box

    Yeah, I didn;t like the roll up his sleeves stuff.

    I assume it is work building the brand and leveraging the entertainment potential of the stadium and football events (halftimes, singing during playoff games, doing season kickoff parties etc.)


    If he tries to go to Davie on a Monday morning, I'll personally fly to Florida and live la vida loca all over his *** with steel toed boots.

    And yes, I know that's Ricky Martin's song. I don;t know any of Marc Antony's.
     
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  23. opfinistic

    opfinistic Braaaaains!

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    Fill that place up with Cubans and there will be some noise! They know how to party! Maybe we'll hear a new Miami Dolphin song?
     
  24. Bpk

    Bpk Premium Member Luxury Box

    I thought Buffett did the new Miami song?

    Heck, why not have several.
     
  25. opfinistic

    opfinistic Braaaaains!

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    They're proposing, since there are already three separate (4 with J-Lo) entertainer/singers, that the new fight song be done like 'We Are The World', with a bunch of trendy musicians and singers. :pointlol:
     
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  26. DrAstroZoom

    DrAstroZoom Canary in a Coal Mine Luxury Box

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    "trendy"
     
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  27. the 23rd

    the 23rd a.k.a. Rio

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    new uniforms, new players, new song, new owners, new regime
    makes sense to me, all of it
    time for change is @ hand & a run on the SuperBowl
     
  28. PhinsRock

    PhinsRock Premium Member Luxury Box

    Party hardy in the owner's box. Otherwise, help attract more people to attend the games, smart ploy by Ross. And this is NOT a race thing, last I remember, Jimmy Buffet is Caucasian. It IS however, very smart to aim at bringing in the Latino market, their money spends as well as any other and they are solid fans, just like you and me.

    And creating more of a party atmosphere in the stadium cannot be a bad thing IMHO.
     
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  29. The Aqua Crush

    The Aqua Crush New Member

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    I could swear i thought he was Margarittavillian :shifty:
     
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  30. PhinsRock

    PhinsRock Premium Member Luxury Box

    OK, well you got me on that detail! :lol:
     
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