In the last week, Carnival’s Micky Arison sold over $78,000,000 of his cruise line’s stock.

On June 6th, Arison sold 961,717 shares of the cruise company’s stock at an average price of $40.24, for a total value of $38,699,492.08.

On June 10th, Arison sold 992,369 shares at an average price of $40.35, for a total value of $40,042,089.15.

Micky ArisonHe also sold $395,000,000 in Carnival stock in early March.  By my calculations, Arison freed up over $473,000,000 in cash in 3 months. You can track Arison’s Carnival stock transactions here.

It’s an extraordinary amount of money. Yet Carnival continues to screw its crew members, left and right. Consider reading Greed On the High Seas: "Poop Cruise" & Concordia Cruise Executive Cashes $395,000,000 of Carnival Stock.

Speculation in publications like this and this suggest that he may be interested in buying the U.K. Aston Villa soccer club. 

Considering how badly Arison’s Miami Heat have been playing basketball in the NBA finals (now down 3-1 to the San Antonio Spurs), perhaps Arison will be spending some time in the future in England watching soccer.

June 16 2014 Update: On June 12th Arison sold another 445,008 shares of Carnival stock at an average price of $40.15, for a total transaction of $17,867,071.20.  That means, by my calculations, Arison has unloaded over $490,000,000 in a little over 3 months. 

 

Photo Credit: Steve Mitchell-USA TODAY Sports via 7500toholte.sbnation.com/

  • tinikini

    Looks like Micky needs to spend some of that money on a personal trainer or get on his ships and swab the decks. LOL!!! (Sorry, couldn’t help myself.)

  • Doug O’ Brien

    From every Holte Ender in the sky.

    Yes please to Mr Arison.

    Your sporting credentials & Aston Villa would be a match made in heaven.

    I sure hope we can roll out the claret & blue welcoming carpet for you soon.

    Simply awesome!

    Nice work Randy.

    AVFC4EVER

    Doug O’ Brien

  • Count de S.G. Elkaim

    It will be kind to remember than thanks to Micky Arison spending the IPO money for acquisitions…that millions of tourists discovered the sleeping Giant city of Miami and the construction boom started. It help bring jobs and success to the City. The Heat franchise did help too.
    Thanks