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Posted on 3/8/13 at 1:28 pm to Sophandros
Has anyone decided to look at expenses and the rate of growth in profits to other sports? I would say the owners were correct in locking players out as they wanted higher cuts of revenue. The players seemed to forget they did not have to accept contracts and could form their own league.
Posted on 3/8/13 at 1:30 pm to chalmetteowl
They're not getting the fricking point.
Nobody is arguing about the right to make a profit. It's about the a-hole making a 9-digit profit and whining about how broke he is and how he needs help.
and I DON'T FRICKING CARE what fricking percentage profit margin you accounting majors are using to justify this man's greed and deception.
Nobody is arguing about the right to make a profit. It's about the a-hole making a 9-digit profit and whining about how broke he is and how he needs help.
and I DON'T FRICKING CARE what fricking percentage profit margin you accounting majors are using to justify this man's greed and deception.
Posted on 3/8/13 at 1:31 pm to lsutigers1992
quote:
all the time saying their return is -8
Have you ever been part of a contract negotiation? That is the value placed on it by the market. The profitablility is a whole different ballgame. Of those 20 years, how many years did they recieve proft, and what was the profit?
Posted on 3/8/13 at 1:34 pm to lsutigers1992
quote:
They're not getting the fricking point.
Nobody is arguing about the right to make a profit. It's about the a-hole making a 9-digit profit and whining about how broke he is and how he needs help.
and I DON'T FRICKING CARE what fricking percentage profit margin you accounting majors are using to justify this man's greed and deception
You are basing all of this anger off of the cash flow of a two year period. A period directly before a collective bargaining agreement. It is savvy to cut down long term expenses prior to a negotiation like that. How has he spent since the agreement was put in place and there is some certaintly moving forward? Stop villifying people for having money and realize all of this is sound business practice.
This post was edited on 3/8/13 at 1:35 pm
Posted on 3/8/13 at 1:41 pm to BBONDS25
You're either blatantly lying or are being willfully ignorant.
I'll go with the former because you cited the net worth of the Panthers in an earlier post.
For years the market value placed on NFL teams has been published by Forbes. Those values have moved in one direction. You yourself even stated that they earn ~8% annually. So we know the teams and the league are making, not losing, money.
Please try to engage us in an honest discussion.
I'll go with the former because you cited the net worth of the Panthers in an earlier post.
For years the market value placed on NFL teams has been published by Forbes. Those values have moved in one direction. You yourself even stated that they earn ~8% annually. So we know the teams and the league are making, not losing, money.
Please try to engage us in an honest discussion.
This post was edited on 3/8/13 at 1:45 pm
Posted on 3/8/13 at 1:43 pm to BBONDS25
LOL
No one is vilifying anyone for making money.
They've got you swallowing their rhetoric like Linda Lovelace.
No one is vilifying anyone for making money.
They've got you swallowing their rhetoric like Linda Lovelace.
This post was edited on 3/8/13 at 1:47 pm
Posted on 3/8/13 at 1:57 pm to Sophandros
quote:
No one is vilifying anyone for making money.
They've got you swallowing their rhetoric like Linda Lovelace
I haven't listened to any rhetoric but yours. I simply took a glance at some numbers and did some calculations. I understand you have emotional arguments...but I am just looking at this mathematically. Sorry if that doesn't sit well with your emotion based "logic" and "arguments"This post was edited on 3/8/13 at 2:03 pm
Posted on 3/8/13 at 2:02 pm to Sophandros
quote:
Please try to engage us in an honest discussion
I am engaging in honesst discussion. I think you need to educate yourself on how the world of finance works a little better before accusing others of being dishonest. An asset growing in value by 8% per year is a healthy rate. But it very different than "making money". Let's look at it from the prospective of the IRS. They always get a piece when soeone "makes money", right? Tell me...what percentage of the 8% annual growth has the IRS received since 1993? If the answer is 0 (hint...it is) then maybe when you are talking about "making money" you should look at year to year revenues. Over the last two years the Panthers made about 8% profit based on the statements released by deadspin. HOw about the other 18 years? You have numbers on those? How about this year? Was there anything happening the previous two years that might lead a team to cut back on its contractual obligations that might give it an unordinary spike? This post was edited on 3/8/13 at 2:03 pm
Posted on 3/8/13 at 2:09 pm to BBONDS25
Believe me, I am quite familiar with the world of finance.
You're trying to redirect from the topic at hand because you know your position is untenable.
Richardson claimed he wasn't making money. He was, and thus was lying. Period. Full stop.
This is not about your imagined assault on the wealthy. This is not about how much money he was and is making.
This is about his and other owners' decision not to negotiate in good faith and the media and people like you swallowing their lies whole without taking a moment to verify their claims.
You're trying to redirect from the topic at hand because you know your position is untenable.
Richardson claimed he wasn't making money. He was, and thus was lying. Period. Full stop.
This is not about your imagined assault on the wealthy. This is not about how much money he was and is making.
This is about his and other owners' decision not to negotiate in good faith and the media and people like you swallowing their lies whole without taking a moment to verify their claims.
Posted on 3/8/13 at 2:24 pm to Sophandros
quote:
You're trying to redirect from the topic at hand because you know your position is untenable
Anytime someone says something you dont like you accuse them of redirecting. I am tackling this issue head on. An asset growing in value (as speculated by outside sources) does not equal "making money" It does not provide cash needed to negotiate contracts, pay employees, run a business...
quote:
Richardson claimed he wasn't making money. He was, and thus was lying. Period. Full stop.
You have seen the bottom line of a two year period. Are you comfortable making a judgment on the 20 year history of the franchise under his ownership based on that two year period? With your background in finance, do you think it is unwise to cut back when faced with uncertainty? Do you think that is a novel position taken only in the football industry?
quote:
This is about his and other owners' decision not to negotiate in good faith and the media and people like you swallowing their lies whole without taking a moment to verify their claims.
I have already told you. My extent of knowledge of this situation is based purely upon posts from people such as you and then my independent look at numbers. I have not heard one thing from the media or the owner. That is the boogeyman you create to justify your flimsy argument.
quote:
Believe me, I am quite familiar with the world of finance
OK. I'll believe you....but damn...
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