The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
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Rodriguez admits his PED suspension may cost him the Hall of Fame
“This thing that I did, May cost me the Hall of Fame, and that will suck, but I have no one to blame but myself.”
Warren Buffett structured Rodriguez's $30M Yankees milestone home run bonus deal
“So he says, okay, there's five big records out there, homerun records. Willie Mays, and he goes one by one. Hank Aaron, Barry Bonds, Babe Ruth. So if you hit all those five, And you get a six million dollar bonus in each one of them. They will be happy. I said…”
A-Rod Corp prepares to acquire an NBA team and launch a SPAC
“The other thing is I have to be able to think about big ideas and then go out and execute those ideas, whether that's the NBA team we're about to acquire Whether that's our SPAC business, which is, we're very, very excited about, or whether it's creating this …”
Rodriguez prefers hiring athletes because they work late and ignore the clock
“I like athletes, because athletes, two things, they don't punch a clock. They just go out and get the job done, and if a deal has to go to three in the morning, you just get that job done, and that's something I really enjoyed about athletes.”
Modern kids aspire to be like Marc Lore as much as LeBron
“Today, kids want to be like Mark Laurie and Mark Cuban, just as much as they want to be like LeBron James. Now, LeBron James is both because he's a great businessman and a goat on the basketball court, but the truth is, is not good enough for these young guys …”
Warren Buffett insured the final three years of Rodriguez's $252M Rangers contract
“The last three or four years was almost impossible to insure because there wasn't a lot of comps. So we had no problem the first five to seven years, but Tom Hicks was having a hard time with the last three years. I guess he put word out in the market and Warr…”
Rodriguez advises retired athletes to build business authority via TV and speaking
“So basically, in a nutshell, the two big takeaways was, you should always try to do some television when you're done, because that'll keep your name and your brand out there with the consumer. And then two, you should do as much public speaking as you can, bec…”
Rodriguez: Celebrities face higher skepticism and disadvantages in business pitches
“Knowing that as a celebrity, or an athlete, or an entertainer, you're not going in with no strikes, you're going in with two and a half strikes.”
A-Rod Corp invested in Hims & Hers at $300M, reached $3B+ valuation
“So that was an investment that went in at three hundred million dollars or so. We took it public early this year at 1.6 billion. It went over three billion dollars.”
A-Rod Corp plans to take 6 to 7 portfolio companies public annually
“We're taking about six or seven public this year and 21, probably the same next year.”
Rodriguez and Marc Lore took Archer Aviation from $100M to $3.6B IPO
“Archer, Mark and I came in sub a hundred million dollars. Mark was a big, big investor there. I came in a little bit later and we took Archer from a hundred million dollars and it went public at 3.6 billion. And all this happened in less than two years.”
Rodriguez: Real estate cash flows hedge downside risks in venture investments
“On the venture side, because of who we are and what we've built and the brand we've built, we feel like we can invest in companies at favorable terms, With some downside protection that has an opportunity to be a home run or grand slam in real estate. We never…”
Rodriguez: NBA franchises operate as global media and entertainment platforms
“So I look at these platforms today more like media, sports, entertainment platforms that are, when you look at the NBA, it's a great league. It's a league that's global. It's a league that has joined its tailwinds. It's a league that has young demographics and…”
Leaving money on the table generates repeat deals and superior long-term returns
“If I can sell you this for one dollar, yeah, I can sell it to you for one 40 because I have the hammer and I have the leverage, but that'll be the last deal that I ever did with Ted, right? But if I can sell you this for nine bucks, when you know it's worth 10…”
Rodriguez aims to build A-Rod Corp into a private Berkshire Hathaway
“I want to build a dynasty that's looks like the private version of Berkshire Hathaway portfolio of great companies that throw off a lot of cash that increase over value over time.”
Rodriguez: MLB players average 5.5-year careers, earn 90% of income before 30
“One, baseball players play an average of five and a half years. You play 90% of your career from age 20 to 30. And make 90% of your income from age 20 to 30 and less than five percent of baseball players at the professional level have a college degree.”
Rodriguez grew real estate portfolio to over 10,000 units across 14 states
“I had my first opportunity to buy a duplex. I needed a 48,000 dollar down payment. I needed a loan from the bank. I did both. That led to selling it for double, and then a fourplex and an eightplex, and then I ended up growing that portfolio to over 10,000 apa…”
Rodriguez: Greg Norman Took Cobra Golf Equity Over Endorsement Fees
“And he was an early guy that got, took stock into the, I think it was King Cobras. And made a small fortune and then kept building it from there. But he had the foresight to say, don't pay me a fee, pay me an ownership in equity or warrants. And it played out …”
A-Rod Corp reviews 500 companies annually, with most deal flow being inbound
“We see, just to say number, 500 companies per year. More than half of those are coming to us.”
A-Rod Corp refinances out initial real estate equity within two years
“We're buying units from anywhere from a hundred to 200,000 per door. We're putting in 75% Fannie Mae non-recourse debt. We put in 25% equity. We usually refi all our money out in two years, and we do it over and over again.”
Rodriguez calls his twice-weekly 90-minute therapy sessions his most valuable time
“To this day, I see my therapist twice a week for 90 minutes, and it's the most valuable time of my week”
Rodriguez funds 40 University of Miami scholarships, aiming for up to 4,000
“And then my other part is the University of Miami putting 40 kids through the University of Miami. And my goal is to put 400 or 4000 kids of kids like me that are brown skin, come from single families and modest backgrounds.”