SoonerPatriot
In the Starting Line-Up
- Joined
- Dec 21, 2004
- Messages
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Re: Realistic UFA PATS should consider
I read somewhere last year that the Kraft's had essentially paid off their debt from Gillette prior to the construction of Patriots Place.
Let's stop acting as if the billionaire who owns several large multi national companies and one of the most valuable franchises in sports history is penniless and destitute.
They can compete if they want to. They may not want to. I personally don't care one way or another, but the whole "but they have debt and blah blah blah" rap is as absurd as it is annoying and stupid. You make it sound like they're barely hanging on financially.
They're loaded. Period.
Does anyone here have a detailed understanding of the Pats' debt structure? Comments like the one above always fail to take this into account, and I don't know enough about it to speak to it with authority. What I do know is that Gillette cost north of $300M to build, was privately funded, and that the Pats have hundreds of millions in debt (I think I remember seeing $280 million as the number). Teams like the Colts, OTOH, had the bill footed by the Indiana taxpayers, so they don't have to account for this kind of debt service. It's pretty stupid to disparage the Pats' willingness to spend without taking any of this into account.
I read somewhere last year that the Kraft's had essentially paid off their debt from Gillette prior to the construction of Patriots Place.
Let's stop acting as if the billionaire who owns several large multi national companies and one of the most valuable franchises in sports history is penniless and destitute.
They can compete if they want to. They may not want to. I personally don't care one way or another, but the whole "but they have debt and blah blah blah" rap is as absurd as it is annoying and stupid. You make it sound like they're barely hanging on financially.
They're loaded. Period.
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