Rob0729

Yeah, they do. It went to Dan Snyder's fantasy football team or as it is better know as the Washington Redskins.

shmessy

What a financial pillaging that is. But they are sheeple down here - - New Englanders had the good sense to mainly boycott Victor Kiam.

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"They (Patriots) may be the greatest team ever" - Chris Mortenson, January 18, 2005 on espn.com

PatsFanSince74

With a franchise value estimated at $1.5 billion, it seems to be working for him.

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It is what it is. It wasn't what it wasn't.

robertweathers

............and he bought the team & stadium in 1999 for $800m. $700m in equity over 10 years. WOW.

Granted he did get $500m in financing and pays about $50m in debt service annually but sheesh, the guy knows hwo to make money no question.

How to build a winning team- seperate issue.

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“I'm not really concerned about the other 31 teams,” - Bill Belichick

"If a player has talent and doesn't succeed, that means that they either don't want to be successful or I have failed as a coach." - Bill Belichick

Rob0729

Well, at least one of his fantasies are fulfilled - being even more wealthy than he already is. The question is with his personal investment in the team and stadium, how much money has be made out of that $1.5 billion?

sieglo

+1. Absolutely amazing.

CT_PatsFan

1. The Redskins at #2 is shocking.
2. The Steelers not in the top 10 is shocking.
3. The Raiders in last place is hilarious / sad at the same time.

patfanken

I find this interesting. The Pats debt ratio is 21% according to Forbes. That the amount of debt into the value of the team. That would mean Kraft owes around $300MM to the banks. That's about 17th in the league. The Jets owner owes a whopping 64% of his team's value is in depth, last in the league (close to $800MM. Either way that's a lot debt service. At 8% that would be 24 MILLION dollars a year being sucked up by the banks WITHOUT lowering the principle. That's a big nut when you consider the payroll, AND the cost just to open the doors....and those pesky taxes. .

I wonder if union considers that, when they keep on wanting MORE.

robertweathers

It is but if the union wants to really get under the hood of the financial well-being of owners they would want to look at things such at the franchise's short/long term debt-to-capital ratio. That'll show a high-level of the financial well being of these franchises short of the GAAP analysis (god knows what these fanchises adhere too!!) or showing the balance sheet. I'm not a fi guy but I did stay at a Holiday Inn...;-).

However, the Return on Debt calculation would be one that the owners would use as that can discredit these astronomical franchise valuations and show the players that they are not rolling in the dough as the players think they are. I mean, if all these teams have a ton of debt, but arent making money, then the RoD would show that (theoretically) that potentially salary structures are out of wack and the owners aren't getting the ROI that they need to run the business.

But that brings up the point, the NYG and Bolts are shelling out big money contracts and that would indicate these fanchises have cash to burn.

But then you have Kraft who is on the finance committe and rather smartly is being very conservative financially with his team and being sure not to be a hyprocrite when talking turkey with the NFLPA.

You are spot on. Its a financial shell game. These numbers mean X, but the same numbers actually mean Y.

My .02$

__________________
“I'm not really concerned about the other 31 teams,” - Bill Belichick

"If a player has talent and doesn't succeed, that means that they either don't want to be successful or I have failed as a coach." - Bill Belichick