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re: P. Diddy: I have aspirations to become the first black owner of a NFL franchise
Posted on 10/21/13 at 8:41 pm to Ralph_Wiggum
Posted on 10/21/13 at 8:41 pm to Ralph_Wiggum
quote:
I just don't see anyone in the music business able to make the kind of cash needed given how the music business has changed. Artists don't sell as many records as they used to due the digital music revolution and how artists don't need record companies like they used to with digital music.
P. Diddy can't even count on royalties since he samples so much. He doesn't even own 100 percent of his biggest hits.
Maybe if P Diddy gets lucky with investments out of the music industry.
He didn't make his money off his CDs.
1
Posted on 10/21/13 at 8:47 pm to saintsfan22
quote:
He didn't make his money off his CDs.
Yeah he has his clothing line. LOL. He has some bucks but he does not have the cash to buy majority interest in an NFL team.
To own an NFL team you have to has cash on-hand, assets, and people willing to extend you credit and loan you money. His line of work doesn't lend itself to getting the credit he would need nor does he has the cash on-hand nor the ability to liquidity his assets into the cash needed.
Check out the type of business recent NFL owners the last 20 years have come from. It ain't fashion and music.
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