| Posted by | Message |
BBONDS25 
LSU Fan
Member since Mar 2008
11688 posts
| re: Panther's Financials Leaked, $112mil In Profits 2010-2012 (Posted on 3/7/13 at 8:11 pm to molsusports)
We don't disagree. Like I said, if they are taking home money every year as well as the asset appreciating they are getting something like 15 percent return....which is amazing. If that's the case, I concede the point.
|
| Back to top | |
BBONDS25
LSU Fan
Member since Mar 2008
11688 posts
| re: Panther's Financials Leaked, $112mil In Profits 2010-2012 (Posted on 3/7/13 at 8:14 pm to Tiger n Miami AU83)
Is the 60MM depreciation the stadium?
|
| Back to top | |
Tiger n Miami AU83 
Auburn Fan
Miami
Member since Oct 2007
25105 posts
| re: Panther's Financials Leaked, $112mil In Profits 2010-2012 (Posted on 3/7/13 at 8:16 pm to BBONDS25)
No, I think the stadium was only listed at $57MM. And it would be depreciated over 31 years so no way that much relates to the stadium. Didn't look like their fixed assets took a big jump either in 2012. Maybe they included amortization of contracts or something in there. I dunno, I already closed the link.
Netflix time for me. 
|
| Back to top | |
kfizzle85
LSU Fan
Houston
Member since Dec 2005
19786 posts
| re: Panther's Financials Leaked, $112mil In Profits 2010-2012 (Posted on 3/7/13 at 8:28 pm to Tiger n Miami AU83)
It is, its purely amortization of contracts. Simplistically, signed more people (higher capitalized asset aka "Player Contracts - net") and thus higher amortization expense on the I/S.
|
| Back to top | |
SabiDojo 
South Alabama Fan
Open to any suggestions
Member since Nov 2010
9075 posts
 Online
| re: Panther's Financials Leaked, $112mil In Profits 2010-2012 (Posted on 3/7/13 at 8:47 pm to molsusports)
quote:
because the ownership of the panthers had been pleading poverty
Um, they are taking care of their investors. They don't have skin in the game for the heck of it. They are there to make a profit. Of course they are not making enough money. If you are an investor, there is no such thing as enough money.
|
| Back to top | |
molsusports
LSU Fan
Member since Jul 2004
22855 posts
| re: Panther's Financials Leaked, $112mil In Profits 2010-2012 (Posted on 3/7/13 at 9:31 pm to SabiDojo)
quote:
They are there to make a profit. Of course they are not making enough money. If you are an investor, there is no such thing as enough money.
that's great, and in the case of a pure business with no government assistance I'd agree but... the argument gets pretty unethical IMO when the public is financing a lot of that substantial profit
|
| Back to top | |
SabiDojo
South Alabama Fan
Open to any suggestions
Member since Nov 2010
9075 posts
Online
| re: Panther's Financials Leaked, $112mil In Profits 2010-2012 (Posted on 3/7/13 at 9:34 pm to molsusports)
quote:
that's great, and in the case of a pure business with no government assistance I'd agree but... the argument gets pretty unethical IMO when the public is financing a lot of that substantial profit
 Welcome to America.
|
| Back to top | |
kfizzle85
LSU Fan
Houston
Member since Dec 2005
19786 posts
| re: Panther's Financials Leaked, $112mil In Profits 2010-2012 (Posted on 3/7/13 at 9:41 pm to SabiDojo)
Actually, it's blatantly clear from those financials that virtually all of their profit is from the decidedly non capitalistic revenue sharing agreement. I don't like the public financing of stadiums at all, I'm just saying.
|
| Back to top | |
moneyg
LSU Fan
Member since Jun 2006
14879 posts
| re: Panther's Financials Leaked, $112mil In Profits 2010-2012 (Posted on 3/7/13 at 9:54 pm to lighter345)
quote:
Well that was pre lockout, so probably at least double that.
And again I don't care about the money or who's making it. Just don't like the fact the owners were saying the system was broken when a small market losing team was doing just fine.
That's just a stupid point of view. The owners never said they were losing money. They said that the landscape had changed and they weren't making as much as they were when the original deal was struck.
It's always funny watching people get upset when people make money.
|
| Back to top | |
Asgard Device
The Daedalus
Member since Apr 2011
850 posts
| re: Panther's Financials Leaked, $112mil In Profits 2010-2012 (Posted on 3/7/13 at 10:06 pm to BBONDS25)
quote:
Thats 3.734% return a year. Is that supposed to be outrageous?
That is not how ROI math works.
|
| Back to top | |
slackster
LSU Fan
Houston
Member since Mar 2009
4571 posts
| re: Panther's Financials Leaked, $112mil In Profits 2010-2012 (Posted on 3/7/13 at 10:23 pm to molsusports)
quote:
the argument gets pretty unethical IMO when the public is financing a lot of that substantial profit
Governments at every level do this. I'd be interested to see the cost-benefit analysis for the city of Charlotte when they decided to put up the $144M. It is likely a huge windfall for the tax payers.
|
| Back to top | |
Jcorye1
LSU Fan
Tom Terrific (greater than) Brees
Member since Dec 2007
23325 posts
| re: Panther's Financials Leaked, $112mil In Profits 2010-2012 (Posted on 3/7/13 at 10:26 pm to lighter345)
Wow they keep a lot of liquid assets, then again, players do like to be paid that year.
This post was edited on 3/7 at 10:28 pm
|
| Back to top | |
Jcorye1
LSU Fan
Tom Terrific (greater than) Brees
Member since Dec 2007
23325 posts
| re: Panther's Financials Leaked, $112mil In Profits 2010-2012 (Posted on 3/7/13 at 10:30 pm to Jcorye1)
3.5 fricking million a year for stadium naming rights?
|
| Back to top | |
kfizzle85
LSU Fan
Houston
Member since Dec 2005
19786 posts
| re: Panther's Financials Leaked, $112mil In Profits 2010-2012 (Posted on 3/7/13 at 10:31 pm to Jcorye1)
Considering they have a net working capital deficit of $63 million (or even just a gross working capital deficit of ~30mm) on $300 million asset base, I'd beg to differ.
|
| Back to top | |
Jcorye1
LSU Fan
Tom Terrific (greater than) Brees
Member since Dec 2007
23325 posts
| re: Panther's Financials Leaked, $112mil In Profits 2010-2012 (Posted on 3/7/13 at 10:33 pm to kfizzle85)
quote:
Considering they have a net working capital deficit of $63 million (or even just a gross working capital deficit of ~30mm) on $300 million asset base, I'd beg to differ.
I'm not going to lie, I'm half buzzed and just gawking at the numbers.
|
| Back to top | |
Asgard Device
The Daedalus
Member since Apr 2011
850 posts
| re: Panther's Financials Leaked, $112mil In Profits 2010-2012 (Posted on 3/7/13 at 10:37 pm to slackster)
quote:
It is likely a huge windfall for the tax payers.
I think you mean that it may be a windfall for the local governments. I doubt the individual tax payers received a check or anything in the mail.
|
| Back to top | |
