CGC/CCG to be sold... 8 8

[BrooksR]

4 minutes ago, onlyweaknesskryptonite said:

I loved police squad when i was a kid 😄

[cd4ever]

Wow. What could possibly go wrong?  

Hail Hydra. 

[whomerjay]

4 hours ago, csaag said:

also from the article

 

"Additional investors in today's transaction include Roc Nation; Michael Rubin, founder and executive chairman of Fanatics; SC.Holdings, a growth equity platform; Mastry, founded by Rudy Cline-Thomas; Andre Iguodala; Daryl Morey, President of Basketball Operations for the Philadelphia 76ers; and Main Street Advisors, a leading investment advisory firm to prominent athletes, recording artists, and other leaders across entertainment and business."

 

76ers president?    first the Ben Simmons debacle - now this....

A lot of sharp people and companies on that list. I’m not divesting.

[Ken Aldred]

Everything changes, but I hope the boards survive the transition.

Pointless to worry about alternative, theoretical scenarios.

 

Edited July 1, 2021 by Ken Aldred

[ADAMANTIUM]

3 minutes ago, Ken Aldred said:

Everything changes, but I hope the boards survive the transition.

Pointless to worry about alternative, theoretical scenarios.

 

Lol yes it's all fun and games till someone loses an 👁️👀👀

[onlyweaknesskryptonite]

2 minutes ago, ADAMANTIUM said:

Lol yes it's all fun and games till someone loses an 👁️👀👀

The head of Blackstones CGC division.  

Burt Wonderstone. 

[roach04]

Congrats on the sale!  Having been on many sides of these deals (and there’s always more than 2!) this has limitless potential.  Blackstone proper has some top people and good VC deals have improved a pile of companies (both previously public and private firms.)

[onlyweaknesskryptonite]

3 minutes ago, ADAMANTIUM said:

Lol yes it's all fun and games till someone loses an 👁️👀👀

Also if anyone looses an eye they will just be part of the Marvel Universe so maybe this does hint at a Disney acquisition. 

[ADAMANTIUM]

1 minute ago, roach04 said:

Congrats on the sale!  Having been on many sides of these deals (and there’s always more than 2!) this has limitless potential.  Blackstone proper has some top people and good VC deals have improved a pile of companies (both previously public and private firms.)

That's what I was hoping

 

[Funnybooks]

1 hour ago, BlowUpTheMoon said:

CGC can't have multiple office locations grading comics.  It's not logical.

What if the east coast office is looser than the west coast office?  All submission would go to the east coast office.

 

What's wrong with everyone? This is fantastic news that will only serve to benefit all of us in the end and yet the esteemed princesses' on these boards continue to be plagued with negative energy.

I, for one, choose to celebrate...what could go wrong with this deal?

[ADAMANTIUM]

Just now, onlyweaknesskryptonite said:

Also if anyone looses an eye they will just be part of the Marvel Universe so maybe this does hint at a Disney acquisition. 

Would be much more modern if you factored in Jay Z the investor 

 

[ADAMANTIUM]

2 minutes ago, Funnybooks said:

What's wrong with everyone? This is fantastic news that will only serve to benefit all of us in the end and yet the esteemed princesses' on these boards continue to be plagued with negative energy.

I, for one, choose to celebrate...what could go wrong with this deal?

 

[Galen130]

3 minutes ago, onlyweaknesskryptonite said:

Also if anyone looses an eye they will just be part of the Marvel Universe so maybe this does hint at a Disney acquisition. 

 

[Genuine Article Comics]

There should definitely be concern for the hobby as a whole.  Blackstone is an investment company invested in a variety of companies for virtually one purpose and one purpose only...profit. They will likely institute efficiencies which will likely be cuts to various departments. They will also likely increase grading costs and lower or remove any discounts. The original CGC vision was seen through a collectors/hobbyists lense....the new vision for CGC is now seen through investor/bankers lense......the original vision always maintained a degree of love of comics/collectibles the new vision maintaines a love of profit/money.

Edited July 1, 2021 by Genuine Article Comics

[Funnybooks]

My 6000th post...

Let's celebrate!

[ADAMANTIUM]

3 minutes ago, Genuine Article Comics said:

There should definitely be concern for the hobby as a whole.  Blackstone is an investment company invested in a variety of companies for virtually one purpose and one purpose only...profit. They will likely institute efficiencies which will likely be cuts to various departments. They will also likely increase grading costs and lower or remove any discounts. 

This has already happened to all tiers including discounts

3 minutes ago, Genuine Article Comics said:

The original CGC vision was seen through a collectors/hobbyists lenses....the new vision for CGC is now seen through investor/bankers lenses......the original vision always maintained a degree of love of comics/collectibles the new vision maintaines a love of profit/money.

Now that's the good stuff

THANK YOU

 

Edited July 1, 2021 by ADAMANTIUM

[onlyweaknesskryptonite]

Just now, Funnybooks said:

My 6000th post...

Let's celebrate!

[Genuine Article Comics]

On 7/1/2021 at 6:31 PM, ADAMANTIUM said:

This has already happened to all tiers including discounts

Now that's the food stuff

THANK YOU

 

Yes, it did happen at all tiers and make no mistake that it will happen again and at a higher rate of frequency. 

Edited July 4, 2021 by Genuine Article Comics

[onlyweaknesskryptonite]

7 minutes ago, ADAMANTIUM said:

Would be much more modern if you factored in Jay Z the investor 

 

[Galen130]

7 minutes ago, Funnybooks said:

My 6000th post...

Let's celebrate!