“I dropped seven IOIs, three LOIs, two due diligence, and then I had one seller walk away and closed on JSL… while turning down two PE operator pipelines.”
PD
Patrick Dunphy
Acquiring Minds ·
“He said he’d like a path to control because a minority investor can’t affectuate things; after walking away he returned and closed the deal.”
Freakonomics Radio · 691. Is This What a “Good Billionaire” Looks Like?
Play from 10:18
10:18
Audio streams from the publisher’s own feed. Verbatim does not host or copy it.
What was described
Negotiated a minority stake (~10%) in the Baltimore Orioles with a path to control, then walked away and later returned to close the full purchase
$1.75 billion purchase price; 10% minority stake initially discussed
Said nearby on the same subject
“I wanted to own every decision... I knew I had a higher probability to close if I chose a self-funded path versus a traditional path.”
TH
Tyler Hoffman
Acquiring Minds ·
“They sign up straight away ... each of those founding partners invest six million dollars for 10 % stake in the company”
♫
Said on Great Business Stories
“I walked past the entire line. I said, hey, Chris, great talk. I'm Nathan Barrett. We emailed earlier. Just want to say that was fantastic. Would love to catch up later at the closing party.”
♫
Said on The Nathan Barry Show
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