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Sports.com domain name to be acquired for $6 million

Labeled as purchases in Domain Industry News, started by GeorgeK, Jul 7, 2021

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  1. GeorgeK

    GeorgeK Leap.com PRO VIP ★★★★★★★★★★

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    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. The Durfer

    The Durfer Top Contributor VIP Gold Account

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    ty interesting sell. Very nice price for a huge generic keyword. Congrats to buyer and seller. :) Room for profit also. imo.
     
  3. rashedx

    rashedx Established Member

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    This domain is worth $125M ... lol OR maybe this is worth $1 Billion because there are millions and millions of people play sports every day ..O_o


    This sale record tell all domainers that industry has matured. Wake up ....!

    Yet this is one of the best domains ever..!
     
    Last edited: Jul 7, 2021
  4. Kingslayer

    Kingslayer Top Contributor VIP

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    Amazing domain, thanks for the info.
     
  5. mr-x

    mr-x Top Contributor VIP ★★★★★★★★★★

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    I think you are pricing the domain after a business has been built on it. That's like asking for a business loan based on projections, not income.
     
  6. Josytal

    Josytal Top Contributor VIP

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  7. Kingslayer

    Kingslayer Top Contributor VIP

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    I’d value it 8 figures, I'm sure domains will sell for mid-7 figures privately nowhere near same tier as Sports dot com, but $6 million is still a hell of a lot of money.

    It’s a good deal for the buyer and as the seller agreed to it, it must be a good deal for them too so you just have to say ‘well done’.
     
    Last edited: Jul 7, 2021
  8. rashedx

    rashedx Established Member

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    I agree it is one of the top domains but nothing will be sold for 8 figures as domainers wish !!

    Welcome to real life !! Business need more than a domain name to succeed.

    The new owner will still need to pay a lot of money in development and marketing; It is just the beginning. WAKE UP Domainers :xf.eek:

    Name is a Name. Name is not a Business ...!!!
     
    Last edited: Jul 7, 2021
  9. xcloud123

    xcloud123 Restricted (Chatroom)

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  10. pokainc

    pokainc Top Contributor VIP ★★★★★★★★★★

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    6 million is a such a joke for sports.com...
     
  11. garptrader

    garptrader Top Contributor VIP ★★★★★★★★★★

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    Compare $6 million to the annual operating costs of all NFL, NBA, MLB franchises combined. I guess you could also add in hockey, soccer, horse racing, auto racing, track and field, gymnastics, swimming, etc. How about broadcast rights for major sporting events like the Super Bowl, NBA Championships, Olympics, et c?
     
  12. AzuJim

    AzuJim Established Member

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    It's a huge joke to sell it for just $6 Million. Was the domain owner on a discount sales period?
     
    Last edited: Jul 7, 2021
  13. theinvestor

    theinvestor Established Member ★★★★★★★★★★

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    Everyone thinks it’s simple to sell domains for millions of dollars. It doesn’t matter how generic and premium your domain is. To sell a domain for millions takes patience and a lot of negotiation.
     
  14. pokainc

    pokainc Top Contributor VIP ★★★★★★★★★★

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    @theinvestor
    no-one is saying domain selling in 7 figures is easy... Just saying that for Sports.com specifically it's non-sense. With the pool of potential buyers for such a top killer keyword that have financial gain from owning it , it seems extremely low. It's not a trophy name.
     
  15. Joakim

    Joakim SalesBusiness.com VIP Gold Account

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    Absolutely crazy to only get $6M for Sports.com. It's one of the biggest domain names to ever exist.
     
  16. theinvestor

    theinvestor Established Member ★★★★★★★★★★

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    @pokainc sorry but I don’t agree. It’s a top 20 sale of all time. How can you say it’s extremely low? Maybe you haven’t seen other premium names that have sold for even less. It’s worth what a buyer and seller agree upon.
     
  17. pokainc

    pokainc Top Contributor VIP ★★★★★★★★★★

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    for prob the best name for a half-trillion dollar industry.. 6 million is nothing.. just look at how much top sports companies sell a quarter in merchandise...and most domain sales are under NDA.. i highly doubt 6 million is a top 20 sales in the real world in terms of domains.

    1 condo in Florida on the beach, versus best name for worldwide access to sell anything sports to being the #1 sports site.. what's better than sports.com for that industry.

    The argument of what the seller and buyer agreed upon is what it's worth is so flawed.. when you don't have the right buyer willing to pay up.. then you just got a bad deal. that doesn't mean that's the value of the domain.

    Public example. voice.com sold for 30 million usd... sports.com is worth at least the same if not quite a bit more.
     
    Last edited: Jul 7, 2021
  18. theinvestor

    theinvestor Established Member ★★★★★★★★★★

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    It doesn’t matter how big the industry is it doesn’t mean a company is just going to hand you cash.

    You just own a domain. Look at the thousands of companies without premium domain names. You have blinders on if you think just because you own a domain you can control a business. It doesn’t work that way. You also can’t predict the future of domains.
     
  19. pokainc

    pokainc Top Contributor VIP ★★★★★★★★★★

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    okay.. we'll agree to disagree.. simple as that.

    You don't own the domain and sit on it doing nothing.. im saying a sports company buying and monetizing it...think what you want to think.. no point in continuing.
     
    Last edited: Jul 7, 2021
  20. theinvestor

    theinvestor Established Member ★★★★★★★★★★

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    It’s easy to talk about how someone else should spend their money when it’s not your money. Let’s agree to disagree and move on. There will be more sales and you will always say they’re too low. You need to question yourself though and ask are they really? If you owned the domain and you don’t sell for 6 million. When do you sell for more? People don’t realize what you can do with 6 million $ and 6 million today is not 6 million tomorrow. These are not liquid assets.
     
  21. Kingslayer

    Kingslayer Top Contributor VIP

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    I see your point, eSports dot com is probably worth mid to high 7 figures.

    So did buyer get Sports dot com on the lower side? Maybe! But they still paid a huge amount of money for the domain and previous owner (if just 1 owner) is basically retired now, $6m is a lot of money for anything in life and sometimes it's worth taking whats in front of you rather than playing hardball and risk losing a deal.
     
    Last edited: Jul 7, 2021
  22. pokainc

    pokainc Top Contributor VIP ★★★★★★★★★★

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    @theinvestor "It’s easy to talk about how someone else should spend their money when it’s not your money." .... what are you even saying.. I'm talking about the potential of a KILLER name like sports.com. Is it so difficult in the little namepros bubble to comprehend that domains with worldwide appeal can generate multiples of 6 million dollars? Or you only have to be a millionaire and have 6 million in your bank account to be able to have an educated opinion?

    Also whether someone can retire or do the hell they want with 6 million is not even the question lol man why ppl getting so side-tracked.. we are not discussing what 6 million dollars is.

    I guess all investment bankers have more money than their clients to be able to suggest investments.
     
    Last edited: Jul 7, 2021
  23. pokainc

    pokainc Top Contributor VIP ★★★★★★★★★★

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    Also @theinvestor Sports.com is not a liquid asset? Are you kidding me. Then what is?
     
    Last edited: Jul 7, 2021
  24. The Durfer

    The Durfer Top Contributor VIP Gold Account

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    i understand what you are saying, it is a $125million dollar domain, but someone that owns it and wants the sell and what you can do with $6million dollars to make $125million dollars couldve been the reason. :)
     
  25. theinvestor

    theinvestor Established Member ★★★★★★★★★★

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    So because an industry is half a trillion dollars I guess that means they can afford more than 6 million??? So it doesn’t matter anymore about the actual domain. You seem to think that just because an industry makes trillions it means they are stupid and can spend 500 million for sports.com. That’s how it works I guess. Some of the biggest companies are the cheapest out there.
     

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