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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
1
Posted on 2/19/19 at 10:52 am to PEPE
quote:
One thing alot of people don't grasp is that all the major pro sports leagues of today started out incredibly small and dumpy for many years, and slowly over time built up into what they are.
These new leagues seem to always try to jump in whole hog and be fully established, fully functional legit leagues from the get go. But there's no organic base to support it.
The first few years of MLS were very spartan and they were meant to be the top-flight league for US soccer. It's taken them a long time but they are doing great now.
Arena football started off slow and tiny, and eventually got very big, so big in fact that it collapsed under it's own weight. But it hung around for a couple of decades.
Posted on 2/19/19 at 11:00 am to LSUFanHouston
I was sad to see Arena Football collapse. It was a mainstay league. They found good markets to support the product. It’s amazing how many smaller leagues started up after that. Indoor Football League, Intense Football League, AF2, SIFL, NIFL, etc.
The Commanders had a crowd over 29,000 a couple days ago. There has to be money made from that.
The Commanders had a crowd over 29,000 a couple days ago. There has to be money made from that.
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.
Posted on 2/19/19 at 11:01 am to Roll Tide Ravens
quote:
There is one way to save the AAF (if it truly is at a life and death crossroads), and no one will like it: It gets purchased by the National Football League and is converted into the official minor league of the NFL.
That's essentially what it is now; there's going to be some struggles getting up and running. One thing's for certain, there's definitely no market room for 2 more leagues.
Combine the resources, capital, venues, and SOME NFL involvement, and you could have a real "minor" or developmental league.
Regardless, I'm enjoying the actual games; though I'll admit winning in thrilling fashion tends to have that effect on one's perspective.
If there were more games, I'd watch more games; guess I'm just 1 of those that always has time for more football.
Posted on 2/19/19 at 11:07 am to LSUFanHouston
I would assume this guy was on the line the whole time. He was probably wanting to see if this was XFL 2.0.
Posted on 2/19/19 at 11:08 am to G8RU
I tune into the games. I hope the league sticks. It would help if the offenses could complete a pass. So many drops and off the mark passes. Need to clean up the offense efficiency.
Posted on 2/19/19 at 11:08 am to FairhopeTider
if it would be on regular network channels people might watch it
but nope, its only on NFL channel or cbs sports channel so the only area that carries it on regular network TV is if you have a local team or you have to use an app to watch it on your phone
it doesnt help that there are only 8 teams that limit it to only 4 games either, thats not enough to get a decent fan base watching it
i think the final nail in the coffin was its an NFL product instead of it being an independent league. everyone sees the NFL as rigged and staged and just werent interested in something they see as nothing but glorified practice games for undrafted players.
the talent level sucks as well, the teams arent even ready to play competitive games and should have been practicing together months ago
but nope, its only on NFL channel or cbs sports channel so the only area that carries it on regular network TV is if you have a local team or you have to use an app to watch it on your phone
it doesnt help that there are only 8 teams that limit it to only 4 games either, thats not enough to get a decent fan base watching it
i think the final nail in the coffin was its an NFL product instead of it being an independent league. everyone sees the NFL as rigged and staged and just werent interested in something they see as nothing but glorified practice games for undrafted players.
the talent level sucks as well, the teams arent even ready to play competitive games and should have been practicing together months ago
Posted on 2/19/19 at 11:09 am to FairhopeTider
The teams that are fun to watch have QBs and coaches who sling it around like they're still in college.
Minor league running the Fun N Gun is wayyy more entertaining than Minor league trying to run an NFL pro style offense, but fun and entertaining may not be best method for developing NFL-ready players. Will be interesting to see how the AAF balances stuff like that.
Minor league running the Fun N Gun is wayyy more entertaining than Minor league trying to run an NFL pro style offense, but fun and entertaining may not be best method for developing NFL-ready players. Will be interesting to see how the AAF balances stuff like that.
Posted on 2/19/19 at 11:14 am to StealthCalais11
quote:
The AAF missed payroll in Week 1. They told agents that it was a glitch
Seems like the glitch, Charlie Ebersol, has been addressed.
Posted on 2/19/19 at 11:18 am to 1999
quote:
the fyre festival cock socker
I missed out on this. What/who is this guy and what happened?
Posted on 2/19/19 at 11:33 am to stapuffmarshy
quote:
They would be better off starting this thing like a fair. Build two/four teams and go barnstorming. Screw city names. Tour the country in off NFL times to build some sort of base. Something other than what the other failures have tried.
But nope. Fwiw, the product is mediocre and not something I need in my life. There are hundreds of other, yes non sporting options to get into.
Be the football globetrotters or something but THIS was not going to work from jump.
The globetrotters were entertaining. This is a standard football game populated primarily with no name players. Also a traveling football circus would be very expensive.
This post was edited on 2/19/19 at 11:38 am
Posted on 2/19/19 at 11:37 am to keakar
quote:
if it would be on regular network channels people might watch it
but nope, its only on NFL channel or cbs sports channel so the only area that carries it on regular network TV is if you have a local team or you have to use an app to watch it on your phone
They'd love to be on a more accessible network but the reason they aren't is because the more accessible networks weren't interested.
Posted on 2/19/19 at 11:38 am to saintsfan22
quote:
This a standard football game populated primarily with no name players
Right. So be like the globetrotters. Create a new reason for people to go. Create a market. Fan interaction, you call the 3rd down, replay from the fan, what the frick ever, but not the same shite every other failed league has tried.
quote:
a traveling football circus would be very expensive.
250$ million expensive? I think not.
Thanks for agreeing without knowing you agreed.
Posted on 2/19/19 at 11:41 am to Mr. Hangover
check out the fyre festival documentary. dude pictured was asked to suck a government official off to keep the festival from going under. luckily when he arrived to do it he was told to just get them the money.
Posted on 2/19/19 at 11:44 am to stapuffmarshy
quote:
So be like the globetrotters.
The Globetrotters are a brand built through segregation. You can't just flip a switch and be that.
quote:
250$ million expensive? I think not.
Yeah, because you aren't saving on any of the cost you have now but you're adding more travelling for everything.
Posted on 2/19/19 at 11:44 am to 1999
quote:
Later, with a number of partners, he co-founded a business focused primarily on subprime automobile financing called Drive Financial Services, LP
so, all the 35k millionaires in Dallas with their 3 series beamers funded this. Thanks
we know there is no shortage of those, this all makes perfect sense now. no wonder he's this fricking rich
Posted on 2/19/19 at 11:50 am to FairhopeTider
@BenKercheval
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From an AAF spokesperson: the announcement today that Hurricanes owner Tom Dundon is investing $250 million was planned and separate from what is being called a glitch in payroll as everyone was being moved over to a new system. Some players received late payments. (1/2)
@BenKercheval
49m49 minutes ago
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Dundon's investment helps get the AAF to a new milestone, which as the spokesperson said, is what start-ups are trying to achieve. No one was in danger of not being paid. (2/2)
Posted on 2/19/19 at 12:17 pm to 1999
They really need to drop their merchandise prices. No one is paying $29 plus shipping for a hat for a new minor league football team.
You’re not the NFL, stop using NFL prices from the start.
You’re not the NFL, stop using NFL prices from the start.
Posted on 2/19/19 at 12:41 pm to FairhopeTider
quote:
Charlie Ebersol, the CEO and co-founder of the new Alliance of American Football, told the Orlando Sentinel on Tuesday his fledgling league was never in any serious financial jeopardy — directly contradicting a report in the Athletic that said the Alliance needed to be financially bailed out by an emergency $250 million investment from Carolina Hurricanes owner Tom Dundon
quote:
Ebersol told the Sentinel that the league always had the money to meet payroll and has never been in any financial jeopardy. In fact, he said the league has received such positive reviews after only two weeks of its inaugural season that Dundon wanted to buy-in and become the league’s biggest investor. “I felt good last week; I’m euphoric this week,” Ebersol said.
quote:
Said Ebersol to the Sentinel: “We are a start-up, and start-ups raise money in pieces — there’s a Series A piece, Series B, Series C, etc. After the success of the first week, we had a number of investors come to us and offer us all kinds of different investments. Tom Dundon showed up and said, ‘Do you want to continue to raise Series B, Series C and Series D or do you want to raise Series Infinity right now and be taken care of from now on.’ That was an offer I was not going to refuse.”
quote:
Presumably addressing the Athletic’s portrayal of Dundon’s investment, Ebersol added: “How people interpret the relationship (with Dundon) and how quickly it came together is their business, but if I was going to describe to you my dream investor, I would have told you a 47-year-old football fan who has professional sports ownership experience and is self-made — a man who went from zero to billions of dollars completely on his own work. That describes Tom Dundon.”
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