what that means to me is that kraft is carrying a lot of debt.
BUT
the irs rules are favorable to MLB, NFL, NBA owners who build their own stadiums. accelerated depreciation.
but PSLs at $1000/license x 40,000 licenses woulda produced a one-time bonanza, like $40 million. patriots generate that much income in about 4 home games. he'd didn't really sacrifice too much with that.
no matter what, tho, kraft has build up a lot of capital and the value of his properties has skyrocketed.
i remember the day he made that offer, about $30m higher than any other bid. the other bidders were aghast. thought kraft had lost his mind. especially after paying another $130 million for that s___hole stadium. meanwhile, the krafts were singing and dancing about how they'd gotten the pats for ONLY $172 million. and walked away.
but what's he gonna do with all that money? at this point it's all just numbers. having that much money is only good for one thing i can imagine. to buy something else.
an insane idea---somehow i think he plans to buy the celtics. maybe faneuil hall. maybe the effin charles river.
