The NFL’s Debt - It was reported at the meetings that the NFL is 9 Billion dollars in debt. That figure needs to be looked into at a time when the league’s NFL Network is losing money - while they are still encouraged/funding it, the spending of millions in building the league’s many new stadiums/palaces at low-interest loan prices with little chance for revenues, small market teams like the Buffalo Bills hurting (enough to go to Canada for dollars) and we all know something is brewing at NFL Films. And can someone give me a straight answer on how all this debt is possible when the NFL is by far the most popular game in the world in terms of attendance, merchandising, ticket sales, and television dollars.
WTF?!
Either their cooking the books or these supposed big time business mavens are morons.
With tax payers helping to fund stadiums, whats their excuse for this bs.
Sounds like a tax dodge or something to me.
With the average worth of a team around $978 million (Dallas is tops at $1.5 billion) how can the League lose nearly a THIRD of its entire value?
Seriously Goodell needs to go, but its simple new stadiums put teams in short term debt. The Giants, colts, Dallas and Arizona just built new stadiums. If the team goes belly its the NFL assumed debt. NOT MY JOB
Seriously Goodell needs to go, but its simple new stadiums put teams in short term debt. The Giants, colts, Dallas and Arizona just built new stadiums. If the team goes belly its the NFL assumed debt. NOT MY JOB
He is only going into year 2. Could be a bit early to fire him. NFL economics are a train wreck with salaries etc for sure.
Seriously Goodell needs to go, but its simple new stadiums put teams in short term debt. The Giants, colts, Dallas and Arizona just built new stadiums. If the team goes belly its the NFL assumed debt. NOT MY JOB
That may have merit and I don't know for sure, but don't tax payers usually foot part of that bill too?
I call BS on that. no way the NFL lost 9 BILLION dollars last year!
__________________ Thanks to Blackhole John for my sig
May an outcry be heard from their houses, when You suddenly bring RAIDERS upon them. Jer 18:22
In his anger against Israel the LORD handed them over to RAIDERS who plundered them. He sold them to their enemies all around, whom they were no longer able to resist. Judges 2:14
Having debt and losing money are two different things. The $9billion number refers to the collective amount of money owed by 32 teams, that includes financing of stadiums, lines of credit for daily operations, money owed to minority partners, etc. These teams are all making a nice profit, their revenue is more than their expenses.
To put it another way, if I owe $150,000 on my home and have $10,000 in the bank, it doesn't mean I am losing money or am bankrupt. If I go and take on another $10,000 in debt, which increases the value of my home by $20,000, that is a smart move - as long as I keep making more money than I spend then I am still "making a profit", and at the same time I am increasing my net worth (increasing the value of the team).
BADA BING signed Old Drunk Cronie
Linear Mode
