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Panthers want 125 Million in taxpayer money.

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Posted

The Green Bay Packer fans will have no problem raising $125 million for their team regardless of their record

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Posted

us two should be the most worried about that increase

I would gladly pay $8.59 for a burrito instead of $8.50.

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Posted

When JR built the stadium and founded the team using like 90% private funds, everyone applauded him. When the lockout occurred and JR used it as an opportunity to purge some ludicrous contracts off the books, everyone here applauded him. Then when he had money to spend, he spent every penny of it and then some to retain all of our talented, fan-favorite, free-agents-to-be, and everyone applauded him. Then he hired Ron Rivera instead of a retread coach, and everyone applauded him. Now some of those contracts are crippling the team, and Rivera is a horrible coach in the eyes of some, and it turns into 'JR is a crotchety old man trying to take billions to his grave.'

If Cam Newton hits a wide open tight end seven yards away in Seattle, and doesn't fumble in Atlanta, and the refs don't completely fug us against Dallas, we are in the playoffs and nobody here is flinching at giving up $125M in tax. JR has tried to build a winner. He's tried to retain his best players and spend the money. Just because we've had shitty talent and coaching on this team in hindsight doesn't make it JR's fault.

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Posted

I can't wait to see Charlotte fug this up like Concord did with Bruton Smith. They might as well approve the $125M before they wind up giving him $250M, are forced to change the name of Mint St.to Jerry Richardson Blvd, put a front page ad in the Charlotte Observer apologizing to him and making every 3rd Monday of the each month Jerry Richardson day where the city picks up the tab for a free Bo-Biscuits at all area Bojangles. .

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Posted

Free Bo biscuits? Make it happen.

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Posted

Can we tie some stipulations to this money?

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Posted

Buffalo. fuging BUFFALO, just ponies up for upgrades to that stadium. Buffalo is a waste land with decaying homes, diabeetus running rampant, closing businesses, and shuttered manufacturing plants. Half of the population of buffalo has moved to Charlotte in the last 3 years. And yet those pathetic assholes ponied up to fixing their shithole stadium.

Who in the fug wants to be outdone by Buffalo.

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Posted

Everyone bitching about JR saying he can afford $125 million because he is a "billionaire" need to do some simple math:

Assume JR is a billionaire, which I actually do not believe is the case since he owns 48% of the Panthers, and therefore if the franchise is valued at $1 billion he would have a stake valued at $480 million, but let's assume he's a billionaire.

$125 million would require him to liquidate 12.5% of his net worth, which would require him selling off a significant share of the Panthers, and make it even more likely that an outside group could take control of the team. People assume he must be sitting on a giant pile of cash just for owning an NFL team, not realizing that the salary disbursements for NFL teams makes up a massive portion of their overall revenue, and much of the rest is allocated to the significant front office resources needed to make the team as competitive as possible. If it wasn't for the TV money allocated to all 32 NFL teams the financial shape of many, many teams would be in dire straits. So, $125 million would be a full year's worth of salary cap coming directly out of the team's coffers and make them much more vulnerable to lowered ticket sales, salary cap constraints and revenue shortfalls.

This isn't a case of the team taking free money and hoarding it, it's a case of reaching competitive balance with other stadiums without putting themselves in a financially compromised position, particularly if an outside group is hoping to buy enough shares to oust JR and take the team elsewhere.

So stop your bitching.

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Posted

125m will get paid off in 5 years or less with all the money that will roll threw in the upcoming seasons. Just take the hit.

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Posted

Everyone bitching about JR saying he can afford $125 million because he is a "billionaire" need to do some simple math:

Assume JR is a billionaire, which I actually do not believe is the case since he owns 48% of the Panthers, and therefore if the franchise is valued at $1 billion he would have a stake valued at $480 million, but let's assume he's a billionaire.

$125 million would require him to liquidate 12.5% of his net worth, which would require him selling off a significant share of the Panthers, and make it even more likely that an outside group could take control of the team. People assume he must be sitting on a giant pile of cash just for owning an NFL team, not realizing that the salary disbursements for NFL teams makes up a massive portion of their overall revenue, and much of the rest is allocated to the significant front office resources needed to make the team as competitive as possible. If it wasn't for the TV money allocated to all 32 NFL teams the financial shape of many, many teams would be in dire straits. So, $125 million would be a full year's worth of salary cap coming directly out of the team's coffers and make them much more vulnerable to lowered ticket sales, salary cap constraints and revenue shortfalls.

This isn't a case of the team taking free money and hoarding it, it's a case of reaching competitive balance with other stadiums without putting themselves in a financially compromised position, particularly if an outside group is hoping to buy enough shares to oust JR and take the team elsewhere.

So stop your bitching.

Yeah because no one would give him a low % loan. He would totally be required to liquidate assets. With all the revenue sharing the cost should be split between the NFL and Richardson.

you know less about business than you do football.

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Posted

Lets not forget that the stadium was built with $0.00 tax dollars to begin with. Most stadiums are built with 40-50% of tax money from the state and city.

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Posted

Today's Fatty meal:

Coke $1.50

Burger $4.95

Fries $1.50

Total $7.95

Tax 7.25%

Total $8.52

Fatty meal with 1% stadium tax increase:

Coke $1.50

Burger $4.95

Fries $1.50

Total $7.95

Tax 8.25%

Total $8.61

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