A network engineer in the tech industry who spoke on condition of anonymity to discuss his personal finances says he’s willing to sell his company for $50 million to take a shot at the future of sports media.
The offer is a combination of cash, stock and a small amount of debt, the engineer says, citing the value of the networks, which he believes will be worth $100 million to $150 million in 2019.
Fox Sports Networks is the sports channel owned by 21st Century Fox and broadcast on Fox Sports 1, the channel’s flagship channel, and other Fox affiliates.
It is the third-largest sports network in the U.S., according to Nielsen.
In a video posted to YouTube on Monday, the employee, who has been working in the industry for about two years, detailed his reasons for selling the company and why he believes it is a better place to work than other networks.
The engineer said he will continue working with Fox Sports and other partners and is open to selling if he thinks the networks are worth more than they are now.
He noted that he has been a network engineer for the past eight years and has held positions in other industries, including in tech.
The employee is not willing to give up his job for more money.
He said he has seen other employees with $100,000 or $150,000-plus salaries, and he is comfortable taking a risk.
He’s willing also to take an offer on a lower-valued network that might be more financially viable.
The employee said he wants to keep his network intact so he can help others succeed in the sector.
If the network is worth less than $50,000, I don’t see how I would sell my job.”
I don’t want to sell my position.
If the network is worth less than $50,000, I don’t see how I would sell my job.
I am not looking to go back to working in tech, but if I feel I am going to be better off working for Fox Sports, I would like to work with Fox.”
The employee said his company has already experienced success in the sports sector, having won three of the past five major sports championships.
He also said he is willing to work on other networks as long as they don’t compete with Fox, Fox Sports or other Fox properties.
The job will require a lot of skills and he’s ready to learn more about the industry, the job and what it takes to be successful.
The person is currently on leave and will be able to work full-time once he returns.
The individual is not a Fox employee and has not received a pay increase in the past two years.
The position will pay $150 an hour, which is well above the $65,000 federal minimum wage.