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Started By
Message
re: The SKC is about to start falling apart
Posted on 9/8/24 at 8:54 pm to brmark70816
Posted on 9/8/24 at 8:54 pm to brmark70816
quote:
Even the Warriors are smarting up and changing their model. They make almost triple the revenue of the Pelicans and are scaling back.
Well yeah because they’re in a rebuilding stage now basically…
0
Posted on 9/8/24 at 9:06 pm to shel311
quote:
So brmark saying the Pels need to make more to expect Benson to spend more is just completely made up
I don't work for you. You can't just give me tasks and assignments, especially on a Sunday.
The team doesn't make shite. That's a verifiable fact. If you don't believe that, then Google the numbers yourself. Income has been a struggle since they bought the team (bad tv deals, struggling attendance, low merchandise, lower end facilities). Do you honestly believe she is pocketing 30M+ every year?
So the money has to come outside the team. You want her to go into her personal wealth and personally pay for it. Or, and this brilliant, get a loan. Where would the money come from to pay it back?
Posted on 9/8/24 at 10:16 pm to brmark70816
The team is making money
Posted on 9/9/24 at 11:42 am to Optimism
quote:
The team is making money
Purchased for: 338 million
Current worth: 2.5 billion
We sure as hell haven't lost money
This post was edited on 9/9/24 at 11:49 am
Posted on 9/9/24 at 12:10 pm to brmark70816
quote:Cool, then I'll assume you're making shite up since you have no ability to back up your statements.
You can't just give me tasks and assignments, especially on a Sunday
quote:I asked you in this thread, you ignored it, I'll try again
The team doesn't make shite. That's a verifiable fact
What was the Pelicans net profits last season? And what were the net profits in each of the last few seasons?
quote:Where did I say that?
Income has been a struggle since they bought the team (bad tv deals, struggling attendance, low merchandise, lower end facilities). Do you honestly believe she is pocketing 30M+ every year?
I gave no opinions. You gave your opinions, and stated they were facts. I'm asking you to show me the facts, you haven't done so, which makes me question if you can. And if you can't, that tells me you're making shite up.
quote:You can't just magically expect me to "trust you" when you can't show where you got your info from, so we can't arrive at this point, because you still have to show me the profits or losses before I can get here.
So the money has to come outside the team
quote:Why are you saying what I want her to do when I never said anything of the sort? This is yet another example of you making some thing up.
You want her to go into her personal wealth and personally pay for it
What are the profits or losses from running the Pelicans?
Posted on 9/9/24 at 2:10 pm to shel311
quote:
What was the Pelicans net profits last season? And what were the net profits in each of the last few seasons?
Thank you. You had me going for a bit. But I got it now. Kind of cruel. But I learned my lesson. Good job.
Posted on 9/9/24 at 2:19 pm to brmark70816
quote:You don't know the answer?
Thank you. You had me going for a bit. But I got it now. Kind of cruel. But I learned my lesson. Good job.
Posted on 9/9/24 at 4:30 pm to shel311
This thread has taught me im begging for these next three weeks to hurry up 
Posted on 9/9/24 at 5:47 pm to 50_Tiger
I'm not smart enough for this thread. Are we getting a new arena or renovations or what
Posted on 9/9/24 at 8:58 pm to shel311
quote:
You don't know the answer?
Someone else already provided the information a page ago. You are just messing with me, probably out of boredom or spite. Doesn't really matter, I caught on a bit late and feel a bit foolish for tagging along. Lesson learned..
Posted on 9/9/24 at 10:49 pm to brmark70816
quote:No they didn't, no one provided how much they lost last season or where they found that info... Still waiting...
Someone else already provided the information a page ago
quote:You don't know the difference between revenue and profits. That's a you problem.
You are just messing with me, probably out of boredom or spite. Doesn't really matter, I caught on a bit late and feel a bit foolish for tagging along. Lesson learned..
I'll ask again, what was the Pelicans net profit or loss last season?
This is the 3rd time I've asked you. You said it is a verifiable fact they lost money and yet you can't tell me how much nor can you provide a link that shows that. Your entire response is "just trust me bro"
So, you gonna tell us how much they lost and where to find that info... or nah?
This post was edited on 9/9/24 at 10:51 pm
Posted on 9/10/24 at 4:49 am to shel311
quote:
This is the 3rd time I've asked you. You said it is a verifiable fact they lost money and yet you can't tell me how much nor can you provide a link that shows that. Your entire response is "just trust me bro"
I never said that they lost money or they aren't profitable.
quote:
So, you gonna tell us how much they lost and where to find that info... or nah?
So this was the trap you were hoping to set, what you were driving towards the whole time? You wanted a gotcha moment. Sorry to ruin your plan..
Posted on 9/10/24 at 10:29 am to brmark70816
You claimed very loudly that Benson could not afford to pay the tax based on Pels finances. How is it a "trap" to ask you how you know that and to show he numbers you have to know to make that claim very loudly?
quote:What happens when you make claims and don't know what you're talking about is, you forget what you say, then just start lying when you can easily be caught in that lie. You just trapped yourself, speaking of getting trapped
I never said that they lost money or they aren't profitable.
2 direct quotes from you:
quote:
I never said that they lost money or they aren't profitable.
quote:So you said the team doesn't make shite, but you also said that you never said they lost money or aren't profitable.
The team doesn't make shite. That's a verifiable fact. If you don't believe that, then Google the numbers yourself
Can you confirm which one of those statements you want to go with going forward and then confirm which one was completely bullshite? Because YOU know one of those has to be complete bullshite.
The funny part about the "verifiable fact" from Google is that those who know what they're talking about ,have posted in this thread multiple times telling you that the profit numbers are not public, so nobody knows what the Pels make.
So I'll ask you for the 5th time, how much money did the Pels lose last season? And point me in the direction of this Google link where it verifies this fact?
This post was edited on 9/10/24 at 10:30 am
Posted on 9/10/24 at 8:09 pm to shel311
quote:
The team doesn't make shite. That's a verifiable fact.
The thing about verifiable facts is that they can be verified. That one can't.
In fact, there's quite a bit of evidence that the Pels do make money, starting with the previously mentioned fact the the team's value is estimated at $2.6 billion. Mature assets that don't generate a profit generally have very little value -- definitely not $2.6 billion.
Here are some well-known, publicly traded corporations worth less than that:
Ring Central: $2.55 B
Avis Budget Group $2.4 B
Foot Locker $2.35 B
Tootsie Roll Industries $2.32 B
Kohl's $2.21 B
Goodyear Tire $2.17 B
Hanes Brands $2.15B
JetBlue Airways $2.0 B
The appreciation in the estimated value of the Pels (as well as the increasing sales prices of NBA teams that change hands, indicates that NBA ownership is highly profitable.
Posted on 9/10/24 at 9:33 pm to GOP_Tiger
quote:Oh, you're just setting brmark up for a trap, aren't you!!!
The thing about verifiable facts is that they can be verified. That one can't.
It's weird that he said it's a verifiable fact after saying he never said that, but also can't link the verifiable fact.
Interesting...
Posted on 9/10/24 at 11:48 pm to GOP_Tiger
quote:
Mature assets that don't generate a profit generally have very little value -- definitely not $2.6 billion.
The Pelicans can lose money and be worth $2.6 billion because there are only 30 NBA franchises and they’re one of them
Posted on 9/11/24 at 6:16 am to chalmetteowl
Aaaaaaaand because the NBA makes a lot of money. Total league revenue was 4.79 B in the 2013/14 season. Ten years later, it was 10.58 B. Now, a new US television deal is going to spike revenue growth even more, along with increasing international growth, as basketball has firmly established itself as the world's 2nd most popular sport. Most league revenue is distributed evenly, meaning that Gayle gets an equal share of most streams.
And that trend is increasing, as ticket sales and local TV continually make up a smaller share of total revenue. For another example, I believe that Nike is finishing up an 8-year, $1 billion deal with the NBA to provide apparel. How much will the new deal be worth?
My point in all of this is to say that Gayle is making money, she will make even more money in the future, and she can afford to significantly contribute to a refurbishment of the SKC, because that new arena will help her make even more money.
And that trend is increasing, as ticket sales and local TV continually make up a smaller share of total revenue. For another example, I believe that Nike is finishing up an 8-year, $1 billion deal with the NBA to provide apparel. How much will the new deal be worth?
My point in all of this is to say that Gayle is making money, she will make even more money in the future, and she can afford to significantly contribute to a refurbishment of the SKC, because that new arena will help her make even more money.
Posted on 9/11/24 at 9:12 am to chalmetteowl
quote:There definitely is truth to this. Not every NBA team is profitable every single season, but their valuations trend up every season no matter if they had a non profitable year or stretch of years.
The Pelicans can lose money and be worth $2.6 billion because there are only 30 NBA franchises and they’re one of them
But to the original point, as GOP, and myself, and 1 or 2 other posters have pointed out, it is quite literally not a "verifiable fact" just a "Google" search away to find out the Pels annual net profit/loss like brmark is claiming, which is why he can't cite his source and is changing the subject every time he's asked.
This post was edited on 9/11/24 at 9:15 am
Posted on 9/15/24 at 12:03 pm to SEC Doctor
The viability of our NBA franchise is tenuous, and it remains primarily due to the good graces of the Commissioner, beginning with David Stern.
It also depends on Gayle’s continuing commitment. Even though she lobbied Tom to step up as a new owner, I’m not sure she’ll hang onto a financial albatross long term.
It also depends on Gayle’s continuing commitment. Even though she lobbied Tom to step up as a new owner, I’m not sure she’ll hang onto a financial albatross long term.
This post was edited on 9/15/24 at 12:08 pm
Posted on 9/15/24 at 10:58 pm to VOR
quote:Albatross? You may want to gain an understanding of the financial status of the team before making such wild comments.
I’m not sure she’ll hang onto a financial albatross long term.
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