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Panthers Issue Statement in Response to Deadspin Report

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[quote][color=#333333][font=arial, sans-serif][size=2]
The Deadspin story presents an incomplete picture of the Carolina Panthers profitability. The figures offer an isolated snapshot of the team’s financial situation during an unusual time as the NFL lockout loomed.[/size][/font][/color][color=#333333][font=arial, sans-serif][size=2]
At the time, the team had strategically reduced its spending because of the uncertainty and as part of a long-term plan to secure the team's best talent once a collective bargaining agreement had been reached. [/size][/font][/color][color=#333333][font=arial, sans-serif][size=2]
The team's actual operating cash flow, even before federal and state tax payments were made, was significantly less than the accounting income reported in the story. The most meaningful reflection of a company's profitability is cash flow, and the team's operating cash flow fluctuated between pre-tax figures of $26.7M in fiscal year 2011 and $39.8M in fiscal year 2012.[/size][/font][/color][color=#333333][font=arial, sans-serif][size=2]
A detailed review of the financial statements demonstrates the difficulty of being competitive in the NFL, paying players to the cap, and trying to add the financing of a major stadium renovation.[/size][/font][/color]
[/quote]

http://www.panthers.com/news/article-2/Panthers-respond-to-Deadspin-report-/84682ffc-8458-4568-bbf9-b1cfcfadf81a

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The fact that they put out this response is indicative of a PR nightmare. The biscuit can has been popped. You can't get that dough back in.
4 people like this

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Pie chart

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Yeah it's tough being an NFL owner said no one ever
2 people like this

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[quote name='Panthro' timestamp='1362711377' post='2154386']
Yeah it's tough being an NFL owner said no one ever
[/quote]
You couldn't be one.

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[quote name='csx' timestamp='1362711506' post='2154388']
You couldn't be one.
[/quote]
32 out of 300,000,000.

basing that on %'s you are you sir are taking one hell of a stab in the dark with that statement.

I feel like such a failure. lol

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[quote name='Panthro' timestamp='1362711756' post='2154391']

32 out of 300,000,000.

basing that on %'s you are you sir are taking one hell of a stab in the dark with that statement.

I feel like such a failure. lol
[/quote]

Lol funny post

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snap, crackle and pop

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[quote name='Panthro' timestamp='1362711377' post='2154386']
Yeah it's tough being an NFL owner said no one ever
[/quote]

[img]http://blogs.denverpost.com/broncos/files/2011/01/richardson.jpg[/img]

Son, do I need to draw this out for you??

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The really sad thing about all of this, is this could really get ugly for the Panthers, and Charlotte.

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[quote name='top dawg' timestamp='1362710828' post='2154372']
The biscuit can has been popped. You can't get that dough back in.
[/quote]

This is a new metaphor for me. I'm gonna try to translate this to Spanish and use it to relate in a similar situation. I believe I'll have to change the subject matter though, maybe I should use tortillas instead of biscuits.

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Okay this blows my mind. A QB profits 20 million a year, but people are up in arms if the ENTIRE ORGANIZATION profits 120 million?

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[quote name='SmashNDash' timestamp='1362713738' post='2154429']
Okay this blows my mind. A QB profits 20 million a year, but people are up in arms if the ENTIRE ORGANIZATION profits 120 million?
[/quote]
That would blow my mind too

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Do they know they just confirmed that report by issuing this statement?

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[quote name='Ivan The Awesome' timestamp='1362713282' post='2154420']

This is a new metaphor for me. I'm gonna try to translate this to Spanish and use it to relate in a similar situation. I believe I'll have to change the subject matter though, maybe I should use tortillas instead of biscuits.
[/quote]

Tengo nada.

Maybe...Once you cook the frijoles, you can't put them back in the bag.

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.
[quote] [size=5][color="#333333"]reduced its spending because of the uncertainty and as part of a long-term plan to secure the team's best talent once a collective bargaining agreement had been reached[/color] [/size][/quote]

This is particularly hilarious as it relates to the pitiful ownership in Carolina.
When in the hell do they intend to put a quality product on the field with the best talent part?
Richardson should get on his knees and beg forgivenss for being such a douche to all fans of the Carolina Panthers.

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[quote name='Jim Harbaugh' timestamp='1362716026' post='2154456']
.


This is particularly hilarious as it relates to the pitiful ownership in Carolina.
When in the hell do they intend to put a quality product on the field with the best talent part?
Richardson should get on his knees and beg forgivenss for being such a douche to all fans of the Carolina Panthers.
[/quote]

They're referring to the contracts given to Godfey, Kalil, Dwill, Stewart, Beason, and CJ. Ya know, the people that the fans were begging for to be re-signed?

How you all forget.....

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[quote name='Jim Harbaugh' timestamp='1362716026' post='2154456']
.


This is particularly hilarious as it relates to the pitiful ownership in Carolina.
When in the hell do they intend to put a quality product on the field with the best talent part?
Richardson should get on his knees and beg forgivenss for being such a douche to all fans of the Carolina Panthers.
[/quote]
This.

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[quote name='SmashNDash' timestamp='1362713738' post='2154429']
Okay this blows my mind. A QB profits 20 million a year, but people are up in arms if the ENTIRE ORGANIZATION profits 120 million?
[/quote]

Nobody would be "up in arms" about it if the organizations didn't LIE about what they were making to their employees and the nation to justify shutting down operations and paying the talent less. Or LIE about their profitability in order to get government subsidies they clearly don't need.

You remember the lottery winner who won millions of dollars but was still getting food stamps, and when the news interviewed her she said she thought she still deserved them? And how people were up in arms about that? That's pretty much exactly the same thing as the Panthers demanding public money for stadium upgrades.

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The Falcons are getting a new stadium thanks to the Owner and Mayor. Guess who's paying for it? Not them...

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[quote name='Promethean Forerunner' timestamp='1362721104' post='2154495']
The Falcons are getting a new stadium thanks to the Owner and Mayor. Guess who's paying for it? Not them...
[/quote]

Blank is paying $800m while Atlanta would be on the hook for $200m

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[quote name='h0llywood' timestamp='1362721788' post='2154500']


Blank is paying $800m while Atlanta would be on the hook for $200m
[/quote]

Somebody just sent me a link 10 minutes ago. Apparently, Blank will only be paying 650 million. The city of Atlanta will be left to pay the rest.

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Wow the bipolar is strong on this one.

Everybody breathe.

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