Matt Williams, former player of the Arizona Diamondbacks, bought a minority stake today. Terms of the deal are, well, interesting.
Matt Williams is buying into the Arizona Diamondbacks cheaply. Of course, cheap means no control.
Matt Williams will receive one half of one percent. Yes, that’s .5%.
He’ll pay $300,000 a year for 10 years making his total investment $3 million.
Ridiculous. I wonder if this is some money they owed him from his playing days.