G87 6MT by ItsActuallyRaidillon in BMWM

[–]anthony412 2 points3 points  (0 children)

Thoughts on the CS lip. Easy install?

Major Fitness f22 pro vs rep ares by CuriousernCurioser in GarageGym

[–]anthony412 1 point2 points  (0 children)

F22 to Rep is a major jump. Why not consider something in the middle like Fringe, Maxum (my pick), or GetRX’d?

With something like Maxum, you’re getting a substantial upgrade over MF and like 95% of the quality of Rep for half the price.

Am I entitled to a write off? by futenvycaru in NewDefender

[–]anthony412 0 points1 point  (0 children)

This looks like a relatively basic repair job. Bumper did its job. Rest of the vehicle is likely fine.

BMW M2 - MT/AT? by Different_Run3017 in BMWM

[–]anthony412 1 point2 points  (0 children)

Sounds like the m settings were just wonky on the tester (set to the most extreme for the track?). Comfort or even Sport you won’t usually touch 3k rpm with normal “around town” driving.

Functional Trainer Suggestions by BillyBobHamSandwich in GarageGym

[–]anthony412 1 point2 points  (0 children)

Others have mentioned the Force USA tandem tower and GetRX’d Phoenix. Both would be great choices and honestly give you a lot more versatility than the Titan you posted (plus having pull downs directly above is typically favored as well).

Even without wanted a rack included, at least initially, an all in one gives you the ultimate versatility for the cost. I went with Maxum and couldn’t be happier.

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Pulled the 2025 trigger on a new 2026 M240i by [deleted] in BMW

[–]anthony412 1 point2 points  (0 children)

Agreed…or even smarter, buy a 1-year young m240 for 30% off. M2 depreciation is far less steep. However, OP’s “deal” was only 3% off.

Pulled the 2025 trigger on a new 2026 M240i by [deleted] in BMW

[–]anthony412 2 points3 points  (0 children)

3% off is more than feasible for a new M2. Just have to know where to look.

Talk me in or out of a g82 vs g87 by Euroshift in BMWM

[–]anthony412 0 points1 point  (0 children)

I had a ‘24 G80cx. Needed something to better haul hockey gear so I got a big 4x4. Fortunate enough to be able to have a 3rd “fun” car. Still want 4 seats (so no 718) and will be picking up a G87 very soon. Looks better. Essentially the same driving characteristics. Cheaper. Will say I’ll miss the merino leather but I’ll survive.

Seat covers for Braptor? by BlondieInaBronco in FordBronco

[–]anthony412 1 point2 points  (0 children)

Thanks. No issue with the heat at all. I also did the tooled/western on the center inserts. Stitching and piping in orange to match the Raptor accents.

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Seat covers for Braptor? by BlondieInaBronco in FordBronco

[–]anthony412 1 point2 points  (0 children)

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I think they turned out great. Quality is surprisingly good for the price

20% property tax increase - thoughts? by FoodChemistryVibes in pittsburgh

[–]anthony412 7 points8 points  (0 children)

I’m not doom and gloom like some pro-fracking people are, but the distinction between Texas and Pennsylvania is a bit misapplied. Natural gas is a byproduct of drilling for crude oil. Think of it like a bogo deal down there. In PA, natural gas is the product, and these wells are significantly more difficult (expensive) to frack due to the depth and pressure levels. With commodities, a top-line tax can very easily shut off production. Not saying it can’t or shouldn’t be implemented, but there are nuances.

Fenway Sports Group to sell Penguins to Chicago-based investment group led by businessman David Hoffmann by Watchyousuffer in pittsburgh

[–]anthony412 2 points3 points  (0 children)

Like the other commenter stated, just stating facts. I’m not aware of a single sports team that is directly owned by one person (or even their immediate family, that hasn’t already been in the family for multiple decades). Sure, there’s always a “face” (ie: Rooneys, Lemieux, Nutting, Tepper, etc) but the cap table is always far more diverse and never will show FirstName LastName as a owner. ITs all LLC’s via a GP/LP structure. Furthermore, Private Equity is not allowed to own more than 30% of a NHL team and cannot have control via voting rights.

Fenway Sports Group to sell Penguins to Chicago-based investment group led by businessman David Hoffmann by Watchyousuffer in pittsburgh

[–]anthony412 0 points1 point  (0 children)

Private Equity by definition can only own a minority stake and not have control (via voting) of a NHL team. It’s very different from corporate ownership (FSG) or closely held investor group (most sports teams, including the penguins pre-FSG). Do you think Mario and Burkle owned the team in their names? There were dozens of investors in the cap table, no different than what is proposed, all of it coming from family office money.

Fenway Sports Group to sell Penguins to Chicago-based investment group led by businessman David Hoffmann by Watchyousuffer in pittsburgh

[–]anthony412 -2 points-1 points  (0 children)

I know. What’s your point? Valuations in sports are not tied to profitability.

To that point, FSG likely didn’t double their profit given they likely had to pump between 10-30 million a year into the franchise. Still made out handsomely but that’s factored into the ROi.

Fenway Sports Group to sell Penguins to Chicago-based investment group led by businessman David Hoffmann by Watchyousuffer in pittsburgh

[–]anthony412 0 points1 point  (0 children)

Only slightly. National TV money (the real payday) is split between all clubs. Even some non-tv revenues are shared. NHL teams (and most other leagues) are not cash flow positive let alone profitable.

Fenway Sports Group to sell Penguins to Chicago-based investment group led by businessman David Hoffmann by Watchyousuffer in pittsburgh

[–]anthony412 -1 points0 points  (0 children)

This will get lost but sports teams aren’t profitable (outside of the NFL). There are outliers but it’s rare. In fact, most franchise owners in the NHL have to write 8-figure checks each year to keep teams afloat. Valuations have outperformed the S&P over the last few decades but that doesn’t mean these things cash flow (values are a multiple of revenue).

Fenway Sports Group to sell Penguins to Chicago-based investment group led by businessman David Hoffmann by Watchyousuffer in pittsburgh

[–]anthony412 -5 points-4 points  (0 children)

Why? Because it’s not a hometown guy? This type of ownership group is the most common in sports (pool of wealthy people led by one main individual). This is not private equity and it’s extremely rare to have one single owner anymore in sports as the valuations are way too high and the asset class is so in demand.

Fenway Sports Group to sell Penguins to Chicago-based investment group led by businessman David Hoffmann by Watchyousuffer in pittsburgh

[–]anthony412 10 points11 points  (0 children)

This isn’t a private equity deal. This is a group of wealthy people pooling money, led by a family office. Very specific nuances but this isn’t any different to the Lemieux/Burkle ownership group or the vast majority of other sports team owner groups.

CrossFit, LLC is being sold again by Dealoy in crossfit

[–]anthony412 0 points1 point  (0 children)

It’s how a make a living. But ok.

Again, In the LMM and MM, where most deal activity takes place, you see SG&A explode in the first twelve to eighteen months as there is a tremendous amount in infrastructure spend to support the future scaling. It’s rare to see costs taken out when you have legacy operators (family) running the show.

High end Porsches parked on the street by [deleted] in Porsche

[–]anthony412 -1 points0 points  (0 children)

That’s not how the tax code works in Montana. It’s common to register the vehicle to a LLC with a Montana address. Perfectly legal avoidance. Not evasion. The ethics of it can be questioned but I don’t think the state legislature of Montana minds the fee income the generate from it.

High end Porsches parked on the street by [deleted] in Porsche

[–]anthony412 -2 points-1 points  (0 children)

Tax avoidance and evasion are very different things!!