Alabama Crimson Tide head coach Nick Saban is no stranger to signing lucrative business deals and contracts as he is likely the highest-paid college football head coach of all time. But a recent business deal he took part in likely has a much bigger price tag than any of his other previous involvements.
This week, Automotive News reported that Nick Saban was part of a group that purchased two Mercedes-Benz dealers in South Florida in a deal that is worth about $700 million.
The group, which is called Dream Motor Group, is owned by Saban along with former Mercedes-Benz USA CEO Steve Cannon and CEO Joe Agresti and it marks their first move into Florida.
“It’s a big deal. This much Mercedes-Benz volume all at once in one fell swoop is rare,” Agresti said according to Automotive News.
It’s a pretty eye-popping deal for the college football icon, and people had a lot to say about it on social media as a result.
Nick Saban clearly distracted. Is he the right coach for the Tide going forward? https://t.co/cBWt50epLi
— Bunkie Perkins (@BunkiePerkins) November 8, 2023
https://twitter.com/VernFunquist/status/1722272200227791038?s=20
Sell out a 100k stadium 7x a year for 2 decades and then we can talk. https://t.co/XZuyomgnGK
— Jack McGuire (@JackMacCFB) November 8, 2023
Nick Saban, a businessman who dabbles in a little college football. https://t.co/g0F0PKzPBx
— Peter Burns (@PeterBurnsESPN) November 8, 2023
Man doing $700 million dollars deals and still had time to figure out a way to limit the #1 offense in the SEC https://t.co/moEszjcqtW
— Transfer Portal (@NCAAPortal) November 8, 2023
All while maintaining focus on Kentucky https://t.co/DfdCvIUVoo
— Josh Pate (@LateKickJosh) November 8, 2023
I don't want to hear nothing about NIL and ruining college sports. #PayThePlayers https://t.co/Wq1PLob7R3
— Real Kelly E (@realkellye) November 8, 2023
This certainly isn’t Saban’s first multi-million dollar connection to South Florida as he recently completed the purchase of a massive $17.5 million oceanfront mansion on Jupiter Island in South Florida. So it seems that once he’s done coaching, he’ll have both business and pleasure in South Florida.
