Panther's Financials Leaked, $112mil In Profits 2010-2012 - Page 3 - TigerDroppings.com

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BBONDS25
LSU Fan
Member since Mar 2008
16314 posts

re: Panther's Financials Leaked, $112mil In Profits 2010-2012


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.





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BBONDS25
LSU Fan
Member since Mar 2008
16314 posts

re: Panther's Financials Leaked, $112mil In Profits 2010-2012


Is the 60MM depreciation the stadium?





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Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
34747 posts

re: Panther's Financials Leaked, $112mil In Profits 2010-2012


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.






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kfizzle85
LSU Fan
en oh, el ay
Member since Dec 2005
21002 posts

re: Panther's Financials Leaked, $112mil In Profits 2010-2012


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.





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SabiDojo
South Alabama Fan
Open to any suggestions.
Member since Nov 2010
37359 posts

re: Panther's Financials Leaked, $112mil In Profits 2010-2012


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.






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molsusports
LSU Fan
Member since Jul 2004
26794 posts

re: Panther's Financials Leaked, $112mil In Profits 2010-2012


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







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SabiDojo
South Alabama Fan
Open to any suggestions.
Member since Nov 2010
37359 posts

re: Panther's Financials Leaked, $112mil In Profits 2010-2012


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.






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kfizzle85
LSU Fan
en oh, el ay
Member since Dec 2005
21002 posts

re: Panther's Financials Leaked, $112mil In Profits 2010-2012


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.





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moneyg
LSU Fan
Member since Jun 2006
19055 posts

re: Panther's Financials Leaked, $112mil In Profits 2010-2012


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.






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Asgard Device
The Daedalus
Member since Apr 2011
4041 posts
 Online 

re: Panther's Financials Leaked, $112mil In Profits 2010-2012


quote:

Thats 3.734% return a year. Is that supposed to be outrageous?



That is not how ROI math works.






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slackster
LSU Fan
Houston
Member since Mar 2009
6315 posts

re: Panther's Financials Leaked, $112mil In Profits 2010-2012


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.






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Jcorye1
LSU Fan
Tom Terrific (greater than) Brees
Member since Dec 2007
29581 posts

re: Panther's Financials Leaked, $112mil In Profits 2010-2012


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


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Jcorye1
LSU Fan
Tom Terrific (greater than) Brees
Member since Dec 2007
29581 posts

re: Panther's Financials Leaked, $112mil In Profits 2010-2012


3.5 fricking million a year for stadium naming rights?





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kfizzle85
LSU Fan
en oh, el ay
Member since Dec 2005
21002 posts

re: Panther's Financials Leaked, $112mil In Profits 2010-2012


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.





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Jcorye1
LSU Fan
Tom Terrific (greater than) Brees
Member since Dec 2007
29581 posts

re: Panther's Financials Leaked, $112mil In Profits 2010-2012


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.






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Asgard Device
The Daedalus
Member since Apr 2011
4041 posts
 Online 

re: Panther's Financials Leaked, $112mil In Profits 2010-2012


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.






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