Fitz buys shares of Suns

[az jam]

Adam Schefter

Arizona Cardinals’ WR Larry Fitzgerald has purchased a minority stake in the Phoenix Suns, becoming the second active NFL player with an NBA ownership share, league sources tell ESPN. Green Bay’s Aaron Rodgers has a stake in the Milwaukee Bucks.

 

[Adrian]

Larry! Larry!Larry! Larry!Larry! Larry!Larry! Larry!

 

[Adrian]

scott bordow
@sbordow
·
15m

A not surprising next step for Fitz. He and Sarver are close and he has sat in on Suns meetings with the owner.

 

[az jam]

Getting ready for his career after football as a businessman. Smart move.

 

[Dr. Jones]

Learning from the worst owner in the NBA (not named Dolan) is a poor idea.

 

[Timm Rosenbach]

Larry is such a nice guy that he can even get along with Sarver. Let’s hope Fitzgerald has some influence on that selfish cheapskate

 

[Reddog]

Learning from the worst owner in the NBA (not named Dolan) is a poor idea.

Well he is obviously an alright businessman because he has owner behind his name. Not to mention his $400M investment is now worth $1.5B.

 

[Cardinal]

Well he is obviously an alright businessman because he has owner behind his name. Not to mention his $400M investment is now worth $1.5B.

And fans think winning is everything. Definitely not to the owners.

 

[Dr. Jones]

Well he is obviously an alright businessman because he has owner behind his name. Not to mention his $400M investment is now worth $1.5B.

None of that changes my statement.

And I hold Jerry responsible for selling the franchise to such an abrasive, jackass of a human.

But yeah...... congrats on the increase in equity.

 

[Dr. Jones]

And fans think winning is everything. Definitely not to the owners.

Depends on the owner I guess.

The smart ones understand that your equity position grows even higher when you have more home playoff games, create a winner (or in his case.... just maintain excellence) and grow your brand rather than internally destroy it.

The Warriors, Mavs, and many others understand this. He (like Dolan & Sterling) are just here to cash checks. And for that...... in the industry of professional sports...... he deserves nothing but scorn.

And amongst his peers..... he has to be the laughingstock of the Western conference.

 

[Cheesebeef]

man... I love Larry to death, but that man is one of the biggest gluttons for punishment I've ever seen.

 

[Shane]

Why is this even news.

 

[Weenus O'Baggins]

Fitz has said before he wants to be a majority owner of a sports franchise.

 

[Shane]

Fitz has said before he wants to be a majority owner of a sports franchise.

He better earn a lot more $$$

 

[Weenus O'Baggins]

He better earn a lot more $$$

Become minority owner...work with current owner til he wants out.

Become head of a new ownership group.

Seen this in the past in other franchises.

 

[PACardsFan]

Learning from the worst owner in the NBA (not named Dolan) is a poor idea.

Unfortunately for me, I've been a Knicks fan since the 60's. I'm a glutton for punishment

 

[Weenus O'Baggins]

He better earn a lot more $$$

Pay cut? I can't take a pay cut! I got to buy the Suns!

 

[Shane]

Pay cut? I can't take a pay cut! I got to buy the Suns!

I just looked it up the lowest priced pro sports franchise is the Florida panthers at under 200 million.. Fits net worth in total is a paltry 98 Million. And Im sure thats not liquid and available to put toward the purchase of a pro sports franchise. Baseball and Basketball teams are much much higher.

 

[kerouac9]

Why is this even news.

It's good for Larry's brand as a baller. These minority ownership arrangements don't do much; Bill Simmons talks dismissively about what Jay-Z got for his short time as a minority owner of the Nets. I think you get easier access to courtside seats.

 

[Adrian]

Well TSA is getting a face lift, so court side seats might be a good thing.

 

[cardncubfan]

Here's a good bio on Fitz.

https://www.wealthypersons.com/larry-fitzgerald-net-worth-2020-2021/

 

[overseascardfan]

I saw a stupid poll question on 12 News the day this story broke. Will Fitz being a minority owner help Suns win? Unless Larry morphs into 26 year old Michael Jordan and plays for PHX this is nothing more than PR move for both Suns and Larry.