DeWitt’s new digs

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  • #128736
    Brian WaltonBrian Walton
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    #128737
    Avatarbccran
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    LLC tied to the businessman?

    #128742
    Avatargscottar
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    Ben Frederickson’s take.

    • This reply was modified 1 month, 2 weeks ago by Avatargscottar.
    #128750
    Brian WaltonBrian Walton
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    I am wondering if this is really III rather than Jr. III’s wife Ira is a businesswoman and was involved in the music business at one point. Jr. and his wife seem to be past the Hollywood glamour phase. Just a guess.

    #128767
    Avatarbccran
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    Can’t imagine why Bill DeWitt, Jr. would buy a house like this. Doesn’t fit his conservative Midwest lifestyle.

    #128769
    Brian WaltonBrian Walton
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    I imagine his palace is in Cincinnati.

    #128770
    Avatarbccran
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    I’m sure his house in Cincy is very nice. He also had a place in St. Louis for a number of years, but sold it several years ago.

    #128773
    Euro DandyEuro Dandy
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    Maybe the purchase was predominately due to its investment value. Billionaires look for that kind of thing. Longoria sold it for millions less than she paid, and she owned it during a period of time when real estate appreciated nicely in LA. Warren Buffett often says to look for value stocks. This might be an example of that. Or maybe Longoria way overpaid and it’s not a great value, but DeWitt just wants to ride off into the sunset going out on a fling.

    #128775
    Avatarbccran
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    I don’t know. Bill and Kathy are firmly entrenched Midwesterners and have great circles of friends in both Cincy and St. Louis.

    #128776
    BlackHillsCardBlackHillsCard
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    That’s a nice vacation mansion.

    #128781
    Euro DandyEuro Dandy
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    bccran, my going out on a fling comment is not something I believe to be likely either.

    #128803
    Avatargscottar
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    You might be right Brian. That would make more sense although the writer of the article thinks it is the elder DeWitt.

    DeWitt, 78, bought the Cardinals for $150 million in 1995 and has seen the team’s value soar in the decades since, with Forbes currently estimating the club’s worth at $2.2 billion. During his tenure, the team has won two World Series titles in 2006 and 2011.

    #128834
    bicyclemikebicyclemike
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    I wonder if the brewery wishes they had kept the club, and brought in some baseball people to run it. Especially now with microbrews cutting in to traditional big batch beer sales, it would have been a nice investment to hang on to. But to have the value it currently carries they would have needed to keep the team competitive, the way the DeWitt’s have done.

    #128841
    Brian WaltonBrian Walton
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    The brewery is no longer the brewery.

    #128855
    Brian WaltonBrian Walton
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    The LA Times version of the story mentioned that this was an upgrade:

    “Around the time of the sale, he quietly unloaded his place in Studio City in an off-market deal for $3.4 million.”

    https://www.latimes.com/business/real-estate/story/2020-05-16/hot-property-cardinals-owner-buys-eva-longorias-l-a-compound

    #128878
    Avatargscottar
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    Well I guess DeWitt doesn’t have to hang out at the team hotel when the Cardinals travel to play the Dodgers. :o)

    Of course the team won’t be traveling to LA anytime soon.

    #128932
    AvatarMinuteman3
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    Who in their right mind would want to move or even vacation in California especially with all that is going on there now?

    But the real question of the day is: IF the season should start will John Brebbia start with a clean shaven face or has that pile of brush lengthened since the shutdowm?

    #128933
    Brian WaltonBrian Walton
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    Brebbia answered that recently:

    “I’ve always said that the beard starts when the season starts,” said Brebbia.

    https://www.stltoday.com/sports/columns/benjamin-hochman/hochman-quirky-brebbia-shares-insight-to-how-cardinals-and-his-face-might-look-after-quarantine/article_76625a6b-9f03-5caf-87aa-67208cce4522.html

    So this is NOT a current photo.

    #129292
    AvatarMinuteman3
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    Speaking of digs, NY Mets pitcher Thor is embroiled in a rental fight with his NY landlord. Seems Thor signed an 8 month contract for an apartment in Manhattan at 27K per month but had TJ and moved to Florida for rehab before ever moving into the apartment. He has offered to pay two months rent and void the rest of the contract or let the owner re-rent the place but the owner wants the full contract price $250K as you can’t just renegotiate a contract on leasing like you do as a ballplayer. So far, not a single comment in favor of Thor and many against.

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