Palisades Arcadia Baseball LLC ... HWS Group

prospie's picture
Rank: Senior Neanderthal | 5,382

I tried to post in this thread , but it's so old that nobody noticed/cared.

Inspired by this story : Do these minor league sports team owners get a decent cash-on-cash return? Or are they just hoping for further multiple expansion based on increased hype later on?

One of the investors there is HWS ( ), whose website includes a quote: "Warren Buffett owns a 25% stake in the Omaha Storm Chasers, the Kansas City Royals' AAA farm team...Robert E. Rich Jr., who made his $2.1 billion with food conglomerate Rich Products, owns the Buffalo Bisons; Herb Simon, chairman and director of Simon Property - the nation's largest publicly traded real estate investment trust - is a co-owner of the Reno Aces. Why would some of the nation's wealthiest men be interested in owning [minor league] professional sports teams? Simple: it's smart business."
and a link to a Forbes article ( ), which I assume explains theq uote but am too lazy to read.

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