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Looks like the New Orleans Saints may have a cash flow problem
Posted on 5/22/24 at 6:12 pm
Posted on 5/22/24 at 6:12 pm
LINK
quote:
The New Orleans Saints are behind on payments to the Superdome Commission that are needed for the ongoing renovation of the Caesars Superdome, potentially threatening to delay the project’s scheduled completion as the city readies to host the Super Bowl early next year.
Members of the commission, known formally as the Louisiana Stadium and Exposition district, or LSED, were informed at a board meeting Wednesday that the Saints haven’t paid their share of the massive renovation project since December, and currently owe $11.5 million to the commission, which has been covering the bills to date.
But an estimated $58 million worth of work remains, Commission staff said, of which the Saints will ultimately be responsible for $41 million. Evan Holmes, general manager for ASM Global, which operates the Superdome on behalf of the Commission, said it won't be able to cover the full tab.
13
Posted on 5/22/24 at 6:15 pm to WPBTiger
Louisiana financial incompetence?
Who could’ve seen that coming
Who could’ve seen that coming
Posted on 5/22/24 at 6:19 pm to WPBTiger
San Antonio Saints has a nice ring to it
Posted on 5/22/24 at 6:19 pm to WPBTiger
Definitely nothing shady going on here.
Posted on 5/22/24 at 6:20 pm to WPBTiger
Wouldn’t shock me what so ever if the saints eventually leave New Orleans due to financial problems like this.
Whether that is to a new city all together with new branding or just to a nearby city like Metairie or Slidell. Many teams across pro sports don’t play in the city that’s in their name for various reasons. You’re better off just having them in the metro area than losing them all together.
Whether that is to a new city all together with new branding or just to a nearby city like Metairie or Slidell. Many teams across pro sports don’t play in the city that’s in their name for various reasons. You’re better off just having them in the metro area than losing them all together.
Posted on 5/22/24 at 6:20 pm to 0x15E
Taxpayers are gonna get to foot the bill for some more 8-9 seasons
Posted on 5/22/24 at 6:21 pm to WPBTiger
Lol 11 million is nothing to an nfl team
This is some frickery
This is some frickery
Posted on 5/22/24 at 6:22 pm to WPBTiger
That’s what happens when someone owns the team and their only qualifications were secretary and interior designer.
This post was edited on 5/22/24 at 6:23 pm
Posted on 5/22/24 at 6:22 pm to WPBTiger
So a team worth billions can't pony up 44 million? Bullshite!
Posted on 5/22/24 at 6:23 pm to OWLFAN86
quote:
San Antonio Saints has a nice ring to it
Almost happened after Katrina. Honestly with the amount of Louisiana transplants in Tx, this might work. I could also see the city of San Antonio really handling this well. They support the Spurs extremely well. SA is a great host city and is great with hospitality. Something Nola used to be known for.
They could easily take over that central and south Texas market. I’m sure Jerry and McNair wouldn’t love this.
This post was edited on 5/22/24 at 6:25 pm
Posted on 5/22/24 at 6:32 pm to WPBTiger
Time to repo the saints.
Posted on 5/22/24 at 6:35 pm to OWLFAN86
quote:
San Antonio Saints has a nice ring to it
New Orleans was a very different city when they got the Saints. And San Antonio is a very different and huge city now.
Posted on 5/22/24 at 6:35 pm to turnpiketiger
Losing the Saints would be a major mistake.The effect it would have on the city would be epic. The tourism sucks because of the rampant crime going n everywhere and that city would not recover from losing the Saints.
Posted on 5/22/24 at 6:37 pm to BigBinBR
quote:
That’s what happens when someone owns the team and their only qualifications were secretary and interior designer.
this could be the NFL version of Major League
Posted on 5/22/24 at 6:39 pm to WPBTiger
A morally bankrupt organization with a stupidly low-football IQ fanbase has trouble with financial iliteracy.
I am shocked.
I am shocked.
This post was edited on 5/23/24 at 3:43 am
Posted on 5/22/24 at 6:39 pm to WPBTiger
quote:
Looks like the New Orleans Saints may have a cash flow problem
Come on, man...
Posted on 5/22/24 at 6:39 pm to OWLFAN86
quote:
San Antonio Saints has a nice ring to it
Complete the package and send 'em to Salt Lake City. The Mormons will dig "Utah Saints", and they have lots of that Marriot money.
Posted on 5/22/24 at 6:40 pm to dukke v
quote:
Losing the Saints would be a major mistake.The effect it would have on the city would be epic. The tourism sucks because of the rampant crime going n everywhere and that city would not recover from losing the Saints.
Like I said, New Orleans is a different city in 2024.
Posted on 5/22/24 at 6:43 pm to WPBTiger
Time to sale shares to the fans like the Packers.
Posted on 5/22/24 at 6:43 pm to dukke v
quote:
The tourism sucks because of the rampant crime going n everywhere
Crime in New Orleans has returned to pre covid levels, which were themselves much much much lower than in prior decades.
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