Reminds me of the XKE Adds in Hemmings...
"Magnificantly restored XKE, $70,000 invested, will take offers in the $30,000 range, must sell Divorce...
He has over-invested ya it is old and posh, but like the XKE that is over-restored, it is a dinosaur in many respects.
And like the Divorce the breakup will be painful and expensive...
It will suck to be him...
“It will suck to be him...”
I wouldn’t go that far. He’s worth about 25 billion. He bought the newspaper for 250 million. Even if he sunk another 250 million into it (highly unlikely), he’d still only be out ~2% of his net worth. He may lose money on this deal, but he doesn’t have nearly enough exposure here for it to “suck to be him.”