Claim: The ballpark funding is doubtful

[LVfan]

Debunking the false facts that John Fisher cannot afford the ballpark

I've seen continual comments about John Fisher not being able to afford to build the Las Vegas Athletics Ballpark. So I decided to post this in the event anyone wants to get some facts.

In the linked video, Booney who does LockedOnAs has 20 years experience in finance. He got tired of all the BS saying Fisher can't afford the ballpark. He describes financing options in detail, compares to other projects, and conclusively shows Fisher can easily afford the project.

 

[LVfan]

From LockedOnAs

There’s been growing debate recently over whether John Fisher and his family actually have the resources to fund the new stadium. A few weeks ago, I did a show called “Broke Billionaires” that broke it all down.

For that show, I used the most conservative figures available on the Fisher family’s net worth and estimated the stadium cost at $2.3 billion. To keep the analysis simple, I focused on one financing method: an SBLOC (Securities-Backed Line of Credit), which allows borrowing against investments. In this case, that means the family’s Gap Inc. stock holdings which total approximately — worth about $4.5 billion in total.

There are other financial tools they could use, but I stuck with the SBLOC to keep things straightforward. I only included publicly available assets and made no guesses about private holdings. Even with this conservative approach, the numbers show that after covering the stadium cost, the three Fisher brothers would still have a combined net worth of roughly $3 billion.