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Charlotte Council approves plan to give Panthers $125 million

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[quote name='R0CKnR0LLA' timestamp='1358285712' post='2098580']


that's the thing, from a business stand point WE don't get the team. If the city of Charlotte and PSL owners got stock and shared revenue from their investments I would have no problem with it, but they don't. JR owns it, keeps the profits and net worth while everyone else foots the bill.
[/quote]

There is only one sports organization compared to 100's and 1000's others that runs like that.

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[quote name='Panthro' timestamp='1358286326' post='2098602']

True they would have avoided a secret closed door meeting to pass it if they thought there could be trouble
[/quote]
We can pretend to know the details...but this is true--somebody was going to pay for it--one way or another.

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[quote name='Tensor' timestamp='1358286358' post='2098603']
Yes, but in 2010, the Packers profit was only $9.8 million. Numbers can go up quite a bit when you're making deep playoff runs. You can't look at a single season and say "LOOK HOW MUCH MONEY THEY MAKE EVERY YEAR."

Profit margins in the NFL are very thin at the team level.
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OK so JR is "only" making 8 figures a year and owns what? 40%? of a business that has grown to be worth over 1 billion... while taxpayers and PSL owners foot the bill and continue to pay to increase it's net worth. Wow, must be rough.

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[quote name='Panthro' timestamp='1358286326' post='2098602']

True they would have avoided a secret closed door meeting to pass it if they thought there could be trouble
[/quote]

They probably did it because some shirtless dude with "soy bomb" written across his chest would have come to protest so he got on TV. Also, as a politician it's never a good idea to be publicly pro spending, even if it's a good idea.

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All those T-shirt sales at Dicks and NFL.com are split 32 ways and with players of course. The Panthers do keep the lions share of merchandise sales from the team website and inside the stadium but those tend to be very low because we lose so much. The Panthers are turning a profit but it's modest. I'm pretty sure they are putting up a hundred mil or two of their own money as well. The city isn't paying for everything here. You guys may not be happy with the product on the field but the Carolina Panthers franchise is much more than that. It's a year round business and community outreach program. I'm just an average Joe that goes to the free events and they treat me like a king. They remember my name, they remember my family. I've been to 4 Panthers games for free in the past 5 years just by signing up for all the different giveaways and going to the events. 3 of them were in the lower bowl. So you can get mad about what happens 16 days a year but that stadium is full of good people.

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[quote name='Panthro' timestamp='1358283877' post='2098517']



Actually they make close to $100M in just TV revenue alone.

Again it would not surprise me that Richardson has a low Net Yearly Income.
[/quote]

Acctg 101.....

Revenue does not equal profit.

Pop quiz tomorrow. So make sure you study hard.

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Funny how the biggest complainers of public money being spent on the stadium are the biggest hypers of big government policy/ politicians in the tinderbox.

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the City of Charlotte makes money off the Panthers a typical NFL game bring in 60,000 people per game those people stay at hotels and eat in restaurants The Panthers make Charlotte a better place to live good investment for Charlotte

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[quote name='MadHatter' timestamp='1358289622' post='2098670']


Acctg 101.....

Revenue does not equal profit.

Pop quiz tomorrow. So make sure you study hard.
[/quote]
That's what I was alluding to in my post. I think you might be thinking of another poster in this thread

Reading Comp 101

I said while TV revenue was over 100m alone I wouldn't be surprised if his yearly net income was close to nothing (if anything)

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[quote name='Scrumtrilescent' timestamp='1358282207' post='2098461']


This hillbilly's sh[color=#000000]i[/color]ts are smarter than you on your best day...and they make more money.
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Personal attack by a moderator.

Also, I gotta disagree with ya. If they were so smart they would move out of the most ass backwards state in the union second to Alabama.

Even trashy dumb asses from Ohio are smart enough to know they gotta move as soon as they're able. That's more than I can say about folks from the "upstate"

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[quote name='koolkatluke' timestamp='1358285265' post='2098562']


Not to mention the 100,000 or so jobs that have been brought to the city because of this organization
[/quote]

This is a very strong statement.

Do you have any evidence to back this claim up?

Didn't think so.

If your just going to talk out if your ass, try to keep it in the college hoops forum.

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[quote name='MrTouchdown' timestamp='1358292911' post='2098751']


This is a very strong statement.

Do you have any evidence to back this claim up?

Didn't think so.

If your just going to talk out if your ass, try to keep it in the college hoops forum.
[/quote]

Hey dumb ass. How many vendors, parking attendees, ticket taker, transportation workers, security guards, concession workers, grounds keepers, sound and video workers and maintenance people have jobs because of the panthers? Not to mention the office worker that have good paying jobs during the week. Then add in the restaurant hotels and entertainment places that were built to take advantage of the money that comes from being around a NFL stadium. Add all their employees in. And we still haven't mention the players and coaches and regular NFl team staff. I I'm pretty sure you can get to 100,000 people employed due to the Panthers and Jerry Richardson . Now Stfu.

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