Wow. Kudos.Everlastingxxx;3638558 said:Chargers. Read it on Wiki yesterday i think.
Hostile;3638554 said:Jerry Jones won a National Title at Arkansas in 1964. In 1965 he graduated and went to work for his Dad.
In 1966, what football team did he try to buy with a group of partners?
He sold life insurance with his Dad and then they got into the oil business. His goal in getting rich was always to buy an NFL team.Everlastingxxx;3638558 said:Chargers. Read it on Wiki yesterday i think.
Just curious. Where did his money come from? Did he come from a wealthy family?
Hostile;3638569 said:He sold life insurance with his Dad and then they got into the oil business. His goal in getting rich was always to buy an NFL team.
He invested money in McDonald's, Kentucky Fried Chicken, and Tyson Foods. Then he followed a bad model and began buying real estate and got overextended. It wasn't until his Dad sold the Insurance company and Jerry took a chance on a fired oil geologist that he started making money. When oil went south he followed it to natural gas and his fortune was made.Everlastingxxx;3638594 said:This was what i read yesterday. Says he had several unsuccessful business ventures. Wonder what those were? Has there ever been a book written of him or about him? Would be worth reading.
After several unsuccessful business ventures (including passing up the opportunity to purchase the AFL's San Diego Chargers in 1967), he began an oil and gas exploration business in Arkansas, Jones Oil and Land Lease, which became phenomenally successful.[3] His company, a private family asset, currently does natural resource prospecting.
http://en.wikipedia.org/wiki/Jerry_Jones
Hostile;3638604 said:He invested money in McDonald's, Kentucky Fried Chicken, and Tyson Foods. Then he followed a bad model and began buying real estate and got overextended. It wasn't until his Dad sold the Insurance company and Jerry took a chance on a fired oil geologist that he started making money. When oil went south he followed it to natural gas and his fortune was made.
Here is a story for those who think he will fire Wade.
He invested $500,000 on a natural gas well in Oklahoma. An employee screwed up and filled the hole they were going to drill with cement.
Jerry not only did not fire the guy, he invested another half mil to drill in the vicinity. 8 hours after they started drilling they struck for $40 million.
dogberry;3638739 said:Forbes values the Cowboys at $1.8 billion and Jerry at $1.8 billion. Either the rest of Jerry's assets are worth little, or Jerry has made them invisible.
I think those are 2 different categories. Jerry's worth would be considered liquid assets and the the Cowboys would be considered in that, but at a liquidated price. The other would reflect the potential sale price of the Cowboys or their market value.dogberry;3638739 said:Forbes values the Cowboys at $1.8 billion and Jerry at $1.8 billion. Either the rest of Jerry's assets are worth little, or Jerry has made them invisible.
Hostile;3639265 said:I think those are 2 different categories. Jerry's worth would be considered liquid assets and the the Cowboys would be considered in that, but at a liquidated price. The other would reflect the potential sale price of the Cowboys or their market value.
For instance, all liens and mortgages wold have to be satisfied before a sale was complete. No on would buy the Cowboys for a set price and assume all the debt too. That would be part of the consideration of value.
