The San Francisco Giants announced Wednesday that recently retired Buster Posey has returned to the famed organization, albeit as an owner. The 12-year veteran has purchased an unknown minority share in the Giants’ ownership group, recently valued by Forbes at $3.5B. Moreover, Posey will also serve on the Giants’ board of directors. Tyler Kepner of the New York Times first reported that Posey was joining the ownership group and being added to the board of directors.
When discussing the addition of Posey to the ownership team, Greg Johnson, the Giants’ chairman, told Kepner that the two of them want to bridge “the trust gap that exists because of the structure in baseball,” and that Posey is “somebody there that’s respected by the players and part of our ownership group.”
Posey reiterated this idea saying, “I want to be viewed as, like, pro-baseball … I’m not pro-player, I’m not pro-owner, I just love the game of baseball, and this is another opportunity for me to learn more about the game, more about the business and really commit my time to an organization in a city that I’ve grown to love.” Posey, however, clarified that he’s not “taking on any type of front office role” and that he’s going to take a more “hey, let me know where I can help and I’ll help there” approach with his new position.
Posey was originally drafted by the Los Angeles Angeles of Anaheim in the 50th round of the 2005 MLB Draft but chose not to sign and attended Florida State University. Three years later, Posey would be drafted 5th overall in the 2008 MLB draft by the Giants and never looked back, making his Giants debut in 2009 and winning NL Rookie of the Year in 2010. Over the next 10 seasons, Posey would bring home an NL MVP trophy, three World Series rings, five Silver Slugger awards, a Gold Glove, and appear in 7 All-Star games, before retiring after the 2021 season with a career slash line of .302/.372/.460 for an OPS of .831.
“I’m not pro-player”….omg can we STOP letting people who aren’t pro-player own pro sports teams for once???
Posey comes off as a scumbag with this quote. Just cowardice. You were a player – you should be pro-player.
He’s now an owner, to bad you can’t understand a simple concept.
I have to agree with you, Bill, despite you not knowing the difference between “to” and “too”.
While you’re at it, please inform @talking baseball about the whole your/you’re thing.
And the “Worst Take of the Day Award” goes to…*drum rolls*…A’sfaninUK
He owns it regularly.
Sliderwithcheese had been taking it lately
He comes off sounding like someone that loves baseball and wants to understand all sides. Did he hurt you somehow, personally? This sounds exactly like someone who is moving on from his playing days
Clearly you don’t realize that the owners and the players have separate functions and goals.
It is literally the players’ goals and best interest to be paid as much as possible and it’s the front offices’ goal to field as cheap a team as possible with results- the front office wants profits from their revenues, the players want as much of the budget to go to their salaries as possible. It’s the nature of the game,- well, the business, of baseball.
It’s the nature of the game,- well, the business, of baseball.
====================================
It’s the nature of all businesses.
It is the nature of all relationships. It’s human nature to want what is best for you. Even when you have to concede stuff, it is usually because your best interests are served by conceding. It’s why I always say that I don’t care how the owners/players chop up my ticket money. BOTH sides, in every relationship, have to be prepared to defend their interests.
It’s all the basic tenets of any business. Employees want max pay. Owner want max profits. Why is this so foreign to @UK???
Because it’s a special exemption from anti-trust laws which has allowed it to treat players (particularly minor leaguers) differently. So yea, the amount of bureaucracy involved combined with American’s constantly overstating their knowledge of economics probably gets confusing.
Also, I just don’t think he’s aware that Buster may be inarticulate but is generally a class act.
@A’ssfaninUK, do you make a habit of taking things out of context? I know you must have read the whole quote, yet you chose to only report part of it. I’m no fan of the Giants and wish they would lose for the foreseeable future, but this is the right ambassador for this difficult time for MLB. His pro-baseball quote (and likely following actions) is exactly what baseball needs. Only wish Tony Gwynn was still around to do this type of thing for the Padres.
Your a moron !!
You wish you were 1% the human being he is. Idiot
He’s not a great dude IRL, you idiot fanboys will never see reality.
He actually is. But you probably would prefer he didn’t help raise millions for kids with cancer every year
Instead of jumping to conclusions from one quote. Probably should wait for any actions Posey takes as an owner before assuming he’s anti-player.
HE LITERALLY SAID IT OUT LOUD
Yeah, he also said out loud he wasn’t pro-owner, but you immediately think he’s anti-player, pro owner. As I said, when and if his actions are poor, he’ll be seen differently.
Buster is all class adding him to the ownership group is an awesome move.
I was expecting him one day to be a manager, but way too time-consuming for the family man.
Actually you kinda come of as a scumbag with those insults to a pretty good dude. just saying.
Way to cherry pick the middle of a sentence from the story.
Lol this is on the editor for not using (sic). A lot of quotes would come off bad if formatted like this.
There are enough ‘pro-player’ and ‘pro-ownership’ people out there.. they will push for their side, regardless of any sense of reason or fairness. How about people that use their reasonable judgement to find fair compromises and help grow the game of baseball? It is refreshing to see that from Posey.
Let’s take something out of context and demonize him for it. What are you, CNN?
No, clearly Fox News.
You don’t get a say in who owns pro sports teams.
Get over it. Sounds like your a little jealous. And who cares if he’s an “owner” obviously your going to have trouble sleeping at night because of this. Lol Very sad
You’re*
wait a minute, an a’s fan calling a Giants HOF’er a scum-bag? that’s a laugh! do all a’s fans think like this (both of them)???
@A’sfaninUK Way to cherry-pick out of that quote to stand up your straw man. Posey is a class act. You must be a Dodger fan.
Guys like Buster Posey are great for the game. Someone who is loyal to the game itself, to the fans, to the players, to the city they play(ed) in. What a great fusion to have him part of ownership as well.
That was my first thought after the headline. Whole career in the same place and now investing in the team, man, that’s old school.
Logical evolution, well timed amount of space between retirement and this. I’m sure it was some kind of minimum buy in just to be a part of the group and it’s an indirect way of being hired on in a more meaningful capacity than that whole “special advisor” thing most veterans get as a vague front office position.
Posey probably only took home around $60 million after taxes and representative fees, maybe $75 million after endorsements, etc. so like I said, I am guessing it was more of a buy in amount than a meaningful amount to “invest” in a multi-billion dollar franchise.
Yes. Prob bought in 1/10th of 1%. Few mill 3-4 mill , maybe bit more or less , maybe put in up to ten mill if he has that available. Who knows. But it’s minimal for sure relative to franchise value.
You forgot he was an early investor in Body Armor, the sports drink Coke bought for nearly $6B. Kobe Bryant’s estate scored $400MM from the sale, and Posey’s investment was supposedly larger. His take would have been in the hundreds of millions. Coincidentally or not, his surprise retirement as a player occurred just days after the sale.
No I didn’t forget. Lol I didn’t know that. Thanks for the info. That’s interesting.
Touche. So he could very well be quietly sitting on over $300 million. Got it lol.
He has a business background and acumen from Body Armor as well as baseball experience and is taking a board position that is fitting to that experience. Wouldn’t be surprised if it was minimum buy in and his compensation package included additional ownership for services rendered.
I remember reading that Jeter put something like $34M into the Marlins. Sounds like Posey could easily have done something similar or even more with the Giants if he made more than Kobe’s $400M on Body Armor not so long ago..
I read that Steph Curry is about to sign a lifetime contract with UA for a billion dollars. No joke.
Here is a great article on Posey’s partnership with BodyArmor from Forbes. forbes.com/sites/dereksaul/2021/11/04/giants-buste…
Mike Trout, Kobe Bryant, and Rob Gronkowski were also among 6 early investors. People that I know have said that Posey’s partnership stake in Body Armor was a combination of an initial $10 million investment plus taking an additional stake in the company instead of receiving $2 million in cash payment for his endorsement deals. That is more than twice the equity in BodyArmor that Bryant held.
We will never know how much exactly Posey received unless he chooses to reveal it, but certainly in excess of $800 million.
Not sure where u came up with your numbers, but B R has Posey down for approximately 171 MM in salaries over lifetime—and that doesnt include all his endorsements, which let me tell you, in the Bay Area, when he was active, he was all over the place in tv and radio spots
Government took at least 50M$ of that and his agent another 5-10M$.
Don’t forget those memorable Toyota commercials!
I lived in the bay area, I’m aware. Went to many a Giants and A’s games. I’m referring to the after taxes, after agents, managers, etc. take home pay. Someone with Posey’s income probably has to pay around 45% to 50% of his salary to federal taxes, state taxes and agency fees. So that’s maybe $90M in after tax value to him. Subtract $15M or more for housing- both the purchase price as well as yearly upkeep and property taxes and he’s looking at around $65M in cash. Let’s also assume he gave some money to relatives, set aside money for other investments, etc. etc
Posey just sold his ranch on the north side of the bay also for a whopping sum.
Anyone with even a modicum of business sense hires a great tax attorney and pays a fraction of that. Posey was certainly no idiot and his agents are smart attorneys themselves.
Typical for someone in that tax bracket is 2-3% federal and less than that for state.
While annually I make only 1/10th of the $22 million salary he gave up in 2022, I paid a total tax burden of 3.7% in 2021 and i am a California resident. I am relatively sure that a man with all the resources he has available to him didn’t pay more.
Pads Fans
Anyone with even a modicum of business sense hires a great tax attorney and pays a fraction of that.
===================================
With investments, you can play the system and save some money (or mostly defer the tax liability). If your earnings are from salary, there is precious little a tax accountant can do for you. A better accountant is always recommended, but for salaried employees, the top line drives everything.
Do you really think that someone making $22 million per year doesn’t have investments? They ALL do. Trusts. Plus charitable work and donations. Plus many deductions.
We know that Posey had substantial investments because he was a major investor, 8 figures plus, in BodyArmor. Because he had property in California, we know that all of that was owned by a trust.
I make a 7 figure salary working for a company that I am the CEO and majority owner of. I have investments, trusts, and many write offs that reduce my total tax burden to less than 4% of my salary.
Like I said, only people with not even a modicum of business sense pay the full tax and all ballplayers have agents whose job is to protect their earnings.
Not accountant, tax attorney. There is a huge difference
@Trillionaire I think what you’re missing (which is kind of funny, given your moniker) is that people who earn millions of dollars almost always invest most of their millions.
Rumor had it, after Posey blew-off the club’s $22M option for 2022 – preferring retirement instead – that he’s been a very smart investor throughout his high paying career. I mean, in a big way. So the idea that his net paid earnings would approximate his total net worth isn’t likely to be the case. I’m just spit-balling here, but I’d have no trouble believing think he’s easily worth something North of a quarter billion dollars. In short, I think he probably has the wherewithal to invest a “meaningful amount” in the Giants.
Oh, and I see as I posted this, that others are saying something similar.
Fair enough- To be fair to myself, I did not realize this. I do not generally look into the personal lives of athletes. I almost exclusively read the news strictly related to baseball contracts, trades, etc. and rarely go down the rabbit holes that reveal their other business interests. This is the first I’d heard of any of this. Kobe’s investment was apparently $6M, which netted him around $400M and apparently Buster’s investment was “significantly’ larger than any other athletes, so yes, it’s fair to surmise that Buster may have netted a half billion or more from that deal and therefore his net worth could very well, even after any kind of taxes, etc. be in the range of $300 million or more.
celebritynetworth.com/richest-athletes/richest-bas…
@kellin I really have to question this website’s ability to know what Posey’s actual net-worth is AT ALL! Everything is unsourced – by all appearances it’s just some registered-domain-entrepreneur’s click-bait generator.
I’m not buying what they’re selling. It doesn’t add up – and it doesn’t look like they know a damn thing about his personal finances – other than what anybody can easily look up online, like his total MLB earnings.
I think that site is mostly full of crap.
It just the first site I linked to when I typed in “buster posey net worth”. The other sites claim anywhere from 10-50 million.. so, yes, your mileage may vary, but its not several hundred million.
How exactly would any such websites have his actual private financial info, like his capitol gains, investment accounts, etc?
If one site can claim such knowledge – without any sourced accountability for anything they post – so can a hundred others!
1 x 0 equals zero. Likewise, 1oo x o, still equals zero.
You gotta love the internet – where unvetted crap thrives – and multiplies. 🙂
All those sites list is his earnings as a ballplayer. Do you really believe that Posey’s only income was his salary from the Giants?
Posey was a major early investor in BodyArmor which just sold to CocaCola for nearly $6 billion. His share in that company is not 100% known, but we know he invested more than twice what Kobe Bryant did and the Bryant’s estate received $400 million.
We also know that Posey bought multiple properties in California and when he sold them he more than doubled his investment. His Oroville ranch was purchased for $16 million and sold for $3.9 million. His East Bay house in Lafayette was purchased for $4.58 million and sold for
$9.28 million.
Posey also earned endorsement money.
All of that is above and beyond his salary, so those sites are all wrong.
One more line for his Hall of Fame plague
Is Posey a first ballot HOF? I’d like to see people’s thoughts on that.
Absolutely not.
Not first because of lack of longevity and possible ballot crowding (I’d have to look ahead at the ballots) but I think he makes it in around the 4-6 mark
His stats are very similar to Thurman Munson and Munson isn’t in at all. I think Posey does get in eventually. I also think Munson is deserving.
A positive outcome would be Posey’s election causes a reassessment of Munson.
I wouldn’t say very similar. Posey’s numbers are more than just marginally better.
Posey: .302/.372/.460, .831 OPS, 129 OPS+, 158 HRs
Munson: .292/.347/.410, .756 OPS, 116 OPS+, 113 HRs
Posey played in fewer games, 1371 to 1423, but his numbers are better across, the board except for 3Bs. Munson was a better baserunner. I think Yankee fans are influenced by Munson’s performance in the PS, when he was superb, but I think he falls just short of the Hall.
Brian Kenny did a breakdown on Posey about the time he retired and the Munson comp came from him. This one isn’t just a Yankees fan thing.
Also don’t leave out ROY and MVP honors for them.
Posey and Munson played in totally different baseball eras. Stats are skewed to Posey but Munson’s would be right there if his numbers were adjusted to the 2010’s numbers. Even better. If Posey belongs in the Hall, Munson absoluetely does, too. No question.
Didn’t mean to imply the Munson in the HoF thing was just from Yankee fans. Only meant that Yankee fans remember him for his heroics in the postseason, which is reasonable. And PS performance should be a factor.
I’d have no problem if Munson eventually went in, since I’m a big believer that the catcher position should be a huge positive factor in the voting.
But with many saying Posey is a marginal HoFer, I’d think, if that’s the case, Munson probably isn’t.
And don’t leave out the fact that Posy and Munson played in vastly different eras. In Munson’s day, 18 HR’s was a real achievement. Today it’s for chumps. Stats today are greatly inflated compared to the 1970’s. Once you adjust for eras, you’re going to find that Muson’s are superior across the board.
Yes they played in different eras, but they also played in different parks. Yankee Stadium was much more hitter-friendly than what is now Oracle. That’s why Posey’s OPS+ and wRC+, are both 13 points higher.
I think your take on HRs my be a little off. Yes, players swing for the fences now, and HR numbers are up, but 18 HRs wasn’t all that significant when Munson played either.
Munson’s career high was 20 HRs in 1973. That year Willie Stargell hit the most, 44. Munson was tied with 9 other guys for 41st.
As a RS fan, I think Munson was every bit as good as Fisk. It’s hard to know how to assess his early death. But ROY, MVP, and 7 AS appearances in a truncated career, is really good.
Joe says:
I’ve changed my opinion. On the surface it looks like Munson is just short of deserving entry, but I’ve looked a little deeper.
Comparing him to the average of HoF catchers, he’s a little short on career WAR, 47.1 to 53.7. And his JAWS number is also a little short, 41.5 to 44.2.
But, what convinced me is his 7-year peak WAR, 37.0 is better than the HoF catcher average, 34.7. And his WAR/162 of 5.2 to 4.7 is also better. Those two numbers convince me that the first two, where’s he short, being based on career, would have been higher had he played longer.
Posey – Career 129 OPS+
Munson – Career 116 OPS+
On offense it really wasn’t close.
@Pads Fan, the 1970s into the 80s was a golden age for catchers. Munson’s career basically encompassed the entirety of the 1970s as he arrived for a cup of coffee in late ‘69 and sadly exited at just about the end of the ‘79 season. Munson led all AL catchers in WAR for that decade. Add in a ROY, MVP, excellent postseason numbers, and being the captain and catcher for three straight AL pennant and back-to-back World Series titles, and I think we have a HOFer. The position remains underrepresented. Posey should be in. He will. Munson has a higher career rWAR. He should also be in.
He likely adds counting stats, but I think his peak was done. Regardless, as I noted elsewhere, he led the 1970s in WAR for AL catchers. He should be in.
I am a little late to the conversation but I think the same can be said for Posey. After a cup of coffee in 2009 he was the dominant catcher in MLB from 2010 to 2021, leading the rest of the pack by a huge margin in WAR over that period. Posey had a 44.9 bWAR and the next best was Molina at 33.9 bWAR. The difference in fWAR is even more striking. 57.8 to 43.3 Basically, Posey was 25% better than the next best catcher during his career. To me, that = HOF caliber player. Not saying Munson isn’t, just that Munson was not better than other catchers in the 70s, Bench and Simmons both put up a higher WAR, while Posey was head and shoulders above anyone else during his career.
Munson has a lower Fangraphs WAR over his career. Posey 57.5 to Munson 40.9
fangraphs.com/players/buster-posey/9166/stats?posi…
vs
fangraphs.com/players/thurman-munson/1009334/stats…
Is that what you are referring to as rWAR?
Personally, I would vote Munson in. Posey was better and I would absolutely vote him in. .
He will get at least 50% of the vote on the first ballot. Tough call on whether he gets the 75%. I would guess second ballot, not more than three.
Remember, too, that he’s going to be in direct competition with Yadi, who is still playing. I think that if Posey doesn’t get in, it will be on account of him not playing for long enough.
Scottn59c;
Why would Posey “going to be in direct competition with Yadi” going into the HOF?
Not sure he worded that correctly. I would say something more like “going to be compared with Yadi”.
As the two most prominent catchers of the era (plus probably Mauer), they will naturally be compared.
Mauer and Posey are better than Yadi. So, it would be fair that they get in before Molina.
@kje76: Thanks – that’s indeed what I meant to say.
Yadi is one of they best defensive catchers of all time. 75% of a catchers importance.
He’s not even a hall of famer. Missed to much time and retired way to early.
You’re grasping at straws. Of all the potential full seasons, eliminating the short 2020, and his 2010 late May call-up season (when he played in every game for the rest if the year, 115 games), he played in a minimum of 140 games in 6 of 9 seasons. We all know what happened in 2011, and surgery limited him in 2018-19. Catchers get injured more than other position players.
He played 113 games in 2021, and that’s what you can expect from most catchers going forward with the current load management approach.
A minimum of 10 years is considered necessary for induction. Posey played 12.
And if Gary Carter is a HoFer then Posey is. Carter’s first 12 years aren’t as good as Posey’s 12, and what Carter did in the 7 years after that are poor. In those 7 years he posted a .238/.307/.381, with a .688 OPS and a 93 OPS+. Carter played 140 games or more 9 times in his 19 year career.
That, not long enough a career thing is nonsensical, when typically those extra years are low production ones.
Carter’s top 7 war years was 48. Posey was only 34. You saying that Posey was better at his prime is inaccurate. Besides his rings, what stat line warrants a hall of fame induction?
After getting a cup of coffee in 2009 Posey was the dominant catcher in MLB from 2010 to 2021, leading the rest of the pack by a huge margin in WAR over that period. Posey had a 44.9 bWAR and the next best was Molina at 33.9 bWAR. The difference in fWAR is even more exceptional. 57.8 fWAR to 43.3 fWAR Basically, Posey was 25% better than the next best catcher during his career. To me, that level of dominance at his position = HOF caliber player
I don’t think he’d plague the hall of fame.
Dude is smart, he’s had all his shots. 🙂
Dude is a legend, man
Takin a page from the Griffey book. Classy move by a classy organization. This is a good thing.
Posey in his statement said he can help recruit free agents. I seem to remember a certain someone who’s going to be a free agent this year that was a big Giants fan and a Posey fan.
I love it. He’s giving his money right back to them lol
The Giants are making money hand over fist. Posey will make money off this in the long run.
He is using Coca Cola’s money to invest in a baseball team. An investment that is guaranteed to increase in value.
Giving his money right back to them. I love it lol
When I first saw the headline. My eyes saw Buster Olney Say what?
That dude could play. Miss him out there.
Giants have a mountain of issues. A front office that won’t sign quality players and thinks you can build a roster of platooning. A mediocre development and scouting system that continously drafts low ceiling college players with top picks. Good luck Buster.
That’s all false what you just stated. First they went after Harper, second they had to let the bad contracts fall off to have payroll flexibility to go after big names. Now…if they don’t make any big splashes this off-season, then I’ll double back and agree.
I’ll give Farhan credit for finding Gausman but he let him walk while giving Wood and Disco awful contracts. He is on the brink of making the same mistake with Rodon. Finding 1 year reclamation projects who end up great and letting them walk to try it again is not a sustainable strategy. And they missed out on Harper for not going the extra 30 million. Harper’s contract is market value and a near bargain for what he does offensively. That was a huge missed opportunity. Judge will be 31. next season. Harper was 26 at his free agency. .
And Harper would have been in the mix with all the bad contracts until this year with the Giants. I think this is the freedom the front office was looking for in going out and making a splash. Z stated that once he was hired they wanted to stay competitive while letting money free up. Now we are here. Give him this off-season to bring it in and if not, then bash the guy is all I’m saying. Who would you rather have for 100 mill, Rodon, or Gausman? I prefer Rodon with the heat
Harper won the MVP award last year. He would have been considered a bad contract?
He’s not going to actually try to resign Rodon either like he didn’t bother to offer Gausman a contract. He thinks he knows better than everyone else. There will be no big splashy signing this off-season.
Mets…I’m not sure who your directing your comment to, but no way am I saying Harper would’ve been a bad contract. There’s a reason why Harper didn’t sign with the Gmen. They were years from being contenders. Now what’s happened with the Phils is a different story.
So Chipsss…why so hell bent on something that you can’t even be sure about? You seem so confident that they won’t go after big names. They have more payroll flexibility then any big market club and I’ll tell ya, if he doesn’t sign some core players this off-season he’s in trouble with his job that’s for sure. So I’ll give the benefit of the doubt.
I wouldn’t be so sure about Rodan leaving. necessarily. Maybe as a Giants fan I’m a wishful thinker but Rodan has expressed how much he liked the SF fans supporting the team so much in a down year. Yeah, I might be dreaming, but that’s not something a pitcher in his situation (who may check out of a losing team) usually says.
Yikes. I don’t understand how anyone can still believe all that. Farhan is a con artist and illusionist. Better times aren’t coming as long as he is around
107 wins is a illusion? Damn I wish the Padres could have seasons that are illusions like that.
Hey, anyone else wish their team had 107 win seasons?
Frankly a savvy move by an ownership group that needed something like this right about now, especially going into this offseason.
Great news for Giants. Now Zaidi will have to “suck up” to Posey. Zaidi won’t be able to pull one over Posey. And Zaidi will now have to have a great off season.
Ha ha ha ha. Of course he will.
Laying the groundwork for the “it wasn’t Zaidi, it was Buster” position, if they have a good offseason ?
Next day’s function, high class luncheon
Food is served and you’re stone cold munchin’
Music comes on, people start to dance
But then you ate so much you nearly split your pants
A girl starts walkin’, guys start gawkin’
Sits down next to you and starts talkin’
Says she wanna dance ’cause she likes the groove
So come on, fatso, and just Buster move
Ah, ah, yeah
Ah, ah, ah, yeah
huh-uh, yeah, huh-uh, yeah
Silas, please don’t forget:
On the beach you’re strolling’, real high rollIn’
Everything you got is yours not stolen…
lol yup
Brought in to be a face of the ownership group
Big deal. Any hairy, potbelly, tobacco chewing person in Green Bay can say they are part of the Packers ownership group. Owning a piece of a franchise doesn’t impress me.
Just got off the phone with Mr. Posey. I told him that baseball blog commenter SliderWithCheese is not impressed by his latest investment. Mr. Posey would like you to know that he is sorry and he will try harder.
LOL
WTF is wrong with people like you? Someone in GB grows up as a lifelong Packer Backer, so he buys a couple of shares to put on his wall, and you refer to him/her as a “potbelly, tobacco chewing person”?
Man, you and UK must spend a lot of time in your cold, damp basement to have become this hateful.
Well, they are what they are. There is no disputing my accuracy.
You’re inaccurate. See this picture of the GB packers board as an example. None have facial hair or look particularly hairy or pot-bellied. Also, no obvious signs of tobacco use:
packers.com/team/executive-committee
There are thousands of ‘owners’, to describe them all as hairy, pot-bellied and tobacco users is weak.
Not one of those “owners” in Green Bay has any say in what happens on the team.
Posey is on the board of the Giants. He has a huge say in what happens.
You are inaccurate.
l support him as long as his true and primary intention is not making more money.
Of course he will make more money. Any investment in a MLB team will bring back serious earnings long term.
Upon its sale, it will.
You mean upon Posey deciding to sell his equity in the team. It doesn’t matter if the rest of the owners sell, only if he does. The value of the team is guaranteed to go up so the value of his share is also going to go up.
The team does not have to be sold for Posey to see a profit. If he decides to sell his share, it will be valued as a proportional piece of what the team is worth.
LOL
Oh, good!
Based on the stereotypical posts here in the comment section, Buster can now go from a loved supported underpaid exploited baseball player, to a despised greedy owner that is only concerned with making as much money as he can off the backs of the players he employs and holds under thumb.
Good! Samuel joins the party! We now have the holy trinity of crappy takes/comments from Samuel, A’ssFanInUK, and SliderWithCheese!
Steinbrenner2728;
Please don’t lump me in with those people.
People don’t invest in companies to lose money or not make any. They can put their money in guaranteed, insured tax free financial instruments and make money without having to involve themselves in any work, hire professionals including accounts and attorneys at excessive expense, and open themselves up to any liabilities….to start.
Now you joining the party for the immature and inexperienced.
Muted!
Oh baby
“Strike Buster” Posey.
“Union Buster” Posey.
New car, caviar, four star daydream, think I’ll buy me a minority stake in a baseball team.
Groucho;
Owners constantly sell minority stakes in their teams. It’s a way of both brining in operating capital as well as the primary owner taking in some cash from an entity that he wants to hold onto long term before finally selling.
A franchise that doesn’t get some sort of profit to the minority owner(s) periodically is endangered of not enticing other potential minority owners in the future, so the minority owner is sort of like a preferred stockholder in that he/she will share in the dividends first.
George Steinbrenner was a master at this – constantly having new minority shareholders….for which he took a commission on the sales price. Red Sox owner John Henry started in MLB as a Yankees minority owner – he learned the business some and came to the head of the line when the Red Sox were up for sale.
Hallelujah. Finally someone has the courage to enunciate the problem. Good work, Buster. Hope you make a difference.
Only time I ever saw MLB players snub a teammate during post game high fives on the field involved Posey. If it was to be an understood joke, Posey wasn’t in on it. He looked completely befuddled.
Buster is much loved in SF. This is a great move for him and the team. Congratulations to him.