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Nick Saban reportedly bought two Miami car dealerships for $700 million and now generates $2 billion annually from 22,000 sales, putting him on track to become a billionaire. The speaker walks through the numbers and finds them hard to believe.
Nick Saban reportedly bought two Miami car dealerships for $700 million and now generates $2 billion annually from 22,000 sales, putting him on track to become a billionaire. The speaker walks through the numbers and finds them hard to believe.
Nick Saban is actually going to be a billionaire because of car dealerships. The headline of the article was "The Man Who Will Make Nick Saban a Billionaire." What caught my eye is that a story came out saying that they bought 2 dealerships in Miami. Guess the price? $20 million? You're only off by $680 million. Wait, what? They bought 2 dealerships for a reported $700 million. Oh my God. I actually spent 30 minutes this morning figuring out, is this a typo? The guy said that they sell 22,000 cars a year, and then he says they do about $2 billion in revenue on that. The way that this happened was Saban was Sponsored by Mercedes. He's like, yeah, I'm interested actually, like, doing a dealership. And they go, you keep being Nick Saban, god-tier football coach, you go obsess over that. We'll introduce you to 4 or 5 of our favorite franchisees that we think do kick ass. You might be able to partner with one of them. So he does a 4-hour meeting with the first guy they introduced him to, this guy John, and he takes no more meetings after the 4 hours. I'm gonna partner with this guy. And he goes, it's like interviewing an offensive coordinator, when you know, you know.
