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re: AAF reportedly needed emergency $250 million investment
Posted on 2/19/19 at 10:51 am to FairhopeTider
Posted on 2/19/19 at 10:51 am to FairhopeTider
I would imagine the guys who started knew they didnt have enough operating cash to sustain. They probably hedged their bets on establishing infrastructure, and showing a legit product. Then secure finance from investors. I would say it worked. Games have been averaging over 20k. The NFL seems to indirectly support. I don't view this infusion as a bad thing.
This post was edited on 2/19/19 at 10:52 am
Posted on 2/19/19 at 11:00 am to AUCE05
quote:
I would imagine the guys who started knew they didnt have enough operating cash to sustain. They probably hedged their bets on establishing infrastructure, and showing a legit product. Then secure finance from investors. I would say it worked. Games have been averaging over 20k. The NFL seems to indirectly support. I don't view this infusion as a bad thing.
I'm surprised they didn't have enough cash around to fund payroll for a season. You know exactly what that number was going to be.
They have built a league infrastructure, they have people attending games, some games on NFL network, etc. I think this can work.
Very odd that they needed this much money right now. Having said that, no one that has 250 million to invest, is going to piss it away on something stupid. So clearly, there must be something in the financials that looks very good, over the long term.
I'm curious about this whole "betting" thing on the AAF app. I know it was talked about a lot before the season started. I assumed AAF basically got a "vig" from the action. Maybe this is slower than expected and hurting their income?
I feel like there are too many big names involved here with this league in coaching and front office. I mean, XFL's biggest coaching name was arguably Dinardo.
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