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Forbes: The Business Of Football, 2009

Discussion in 'PatsFans.com - Patriots Fan Forum' started by BPF, Sep 3, 2009.

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  1. BPF

    BPF Rookie

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    Pats are 3rd most valuable NFL franchise for the 3rd consecutive year: The Business Of Football, 2009 - Forbes.com

  2. BradyFTW!

    BradyFTW! PatsFans.com Supporter PatsFans.com Supporter

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    #12 Jersey

    suck on that, New York.
  3. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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    Look at who is # last :p
  4. patchick

    patchick Moderatrix Staff Member PatsFans.com Supporter

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    Yep, and it's really pretty sad. It takes a mammoth amount of mismanagement to tumble the Raiders -- with their tradition of outlaw cachet, nationwide following, and biker/fashion-ready silver and black duds -- below the likes of the Jaguars.
  5. RxJock1120

    RxJock1120 Rookie

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    How can the Detroit Lions not be last???!!! 0-16 team operating in the lucrative Detroit media market!!!!
  6. robertweathers

    robertweathers Rookie

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    What is equally as impressive is that they are 2nd in both operating income and revenue. Would love to know what their net income is. Curious to know how big of a bite Taxachussetts takes out of the Krafts.
  7. Rob0729

    Rob0729 PatsFans.com Supporter PatsFans.com Supporter

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    Dallas may drop since Jerry Jones is struggling to get anyone to buy the naming rights for his new stadium which he was counting on $10 million a year for it. He already lost $10 million for this year. He seems adament about not selling the naming rights for less. So it could be several years before he does.
  8. Patsfanin Philly

    Patsfanin Philly Rookie

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    #95 Jersey

    Can you imagine if Dallas ever made the playoffs or heavens won a playoff game???
  9. robertweathers

    robertweathers Rookie

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    Not only that but their debt/equity ratio will go up big time. Financing $1.5b stadiums will do that.
  10. shmessy

    shmessy Maude Staff Member PatsFans.com Supporter

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    #75 Jersey

    Redskin fans still don't understand where their money went.
  11. Rob0729

    Rob0729 PatsFans.com Supporter PatsFans.com Supporter

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

    shmessy Maude Staff Member PatsFans.com Supporter

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    #75 Jersey

    What a financial pillaging that is. But they are sheeple down here - - New Englanders had the good sense to mainly boycott Victor Kiam.
  13. PatsFanSince74

    PatsFanSince74 PatsFans.com Supporter PatsFans.com Supporter

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

    robertweathers Rookie

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    ............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.
    Last edited: Sep 3, 2009
  15. Rob0729

    Rob0729 PatsFans.com Supporter PatsFans.com Supporter

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    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?
  16. sieglo

    sieglo Rookie

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    +1. Absolutely amazing.
  17. CT_PatsFan

    CT_PatsFan Rookie

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    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.
  18. patfanken

    patfanken On the Roster

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    #91 Jersey

    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. :D.

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

    robertweathers Rookie

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    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$
    Last edited: Sep 3, 2009
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