#297 Robert Kraft - New England Patriots Forums

mikey · 09-22-2006, 10:12 AM

http://www.forbes.com/lists/2006/54/...raft_GSI4.html

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***Tunescribe*** · 09-22-2006, 11:00 AM

Quote:

Originally Posted by mikey

http://www.forbes.com/lists/2006/54/...raft_GSI4.html

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In 12 years the Patriots have skyrocketed in value from the $172 million Kraft paid to more than $1 billion. Why are we paying the highest ticket prices in the NFL?

***PatsWickedPissah*** · 09-22-2006, 11:28 AM

Quote:

Originally Posted by Tunescribe

In 12 years the Patriots have skyrocketed in value from the $172 million Kraft paid to more than $1 billion. Why are we paying the highest ticket prices in the NFL?

1. Cash flow. A debtor needs heavy cash flow to service a couple hundred million in private loans to build the stadium.

2. It's called supply and demand. People are lined up deep on waiting lists to buy the 'overpriced' tix. Go figure.

3. Because he CAN.

***mtbykr*** · 09-22-2006, 01:32 PM

Quote:

Originally Posted by Tunescribe

In 12 years the Patriots have skyrocketed in value from the $172 million Kraft paid to more than $1 billion. Why are we paying the highest ticket prices in the NFL?

If he wasn't selling all the tickets, he prob wouldn't be able to keep them so high. As long as they keep selling them, they will stay high!

LA Pats Fan · 09-22-2006, 03:13 PM

The value of the team is based what people are willing to pay for it.

The fact that the team generates significant revenue (inc ticket prices) makes it attractive. Value is related to profit it generates.

***fgssand*** · 09-22-2006, 03:29 PM

Quote:

Originally Posted by PatsWickedPissah

1. Cash flow. A debtor needs heavy cash flow to service a couple hundred million in private loans to build the stadium.

2. It's called supply and demand. People are lined up deep on waiting lists to buy the 'overpriced' tix. Go figure.

3. Because he CAN.

Of course nobody cares to mention Patriot Season Ticket holders did not face any PSL's which most other new stadiums cities have. Some pay as much as $5,000 for the privilege of renewing your tickets when the new stadiums are done.

Furthermore, there was no taxpayer money used either, other than a very small amount recieved from the state for infrastructure only. Most owners force taxpayers to help finance their new stadiums under the threat of leaving town if the government does not step in.

***Born_a_Patriot*** · 09-22-2006, 03:30 PM

You get what you pay for. Before Kraft You also got what you pay for. I think we are better off now.

***fgssand*** · 09-22-2006, 03:39 PM

Quote:

Originally Posted by Born_a_Patriot

You get what you pay for. Before Kraft You also got what you pay for. I think we are better off now.

NO question.......

BelizePats · 09-22-2006, 03:50 PM

I love Bob Kraft. The culture of the team changed as soon as he became the owner. It starts at the top.
If ownership stinks, its very likely that the team will stink too. Not always but in most cases.

***PatsWickedPissah*** · 09-22-2006, 05:16 PM

Quote:

Originally Posted by fgssand

Of course nobody cares to mention Patriot Season Ticket holders did not face any PSL's which most other new stadiums cities have. Some pay as much as $5,000 for the privilege of renewing your tickets when the new stadiums are done.

Furthermore, there was no taxpayer money used either, other than a very small amount recieved from the state for infrastructure only. Most owners force taxpayers to help finance their new stadiums under the threat of leaving town if the government does not step in.

Excellent points. Were PSLs involved, I would have needed to write a check to my season tix buddy in the thousands for my minority share. Even with the $125 per seat prices, the DIFFERENCE between that high price and a lower seat price would take a LONG TIME to recover even neglecting present value calculations.