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Leaked NFL Documents: While Owner Cried Hardship, Carolina Panthers Had $112 Million Profit Over Two Years

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Posted

I mean, did anyone think we weren't making a profit? lol

No Forbes always said we were making money. And JR opened the checkbook after the CBA was signed so I do believe he was just making a statement.

I will always be bitter about that season though. It was tanked on purpose and i kept going to every game.

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Posted

So how much did Jerry pay himself over those 2 years?

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Posted

That doesn't seem like very much, considering how much the team is worth.

The company I work for is only worth quarter of a billion, and make much higher profits.

You have to add in appreciation of assets. JRs team is worth $1B or so now. Compare that to what he bought it for.

And those numbers are just bottom line profit. There are lots of ways to keep money off the bottom line while still enjoying the benefits.

And don't forget free tickets and iced tea at each game.

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Posted

Jealousy is a bitch.

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Posted

Lol I love the jealousy comments.

This doesn't change a thing....more interesting than anything

Still don't want public money going to renovations

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Posted

Pretty bold to ask for public funds, I have to say.

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Posted

Think about these numbers

Then think about how much the salary cap is

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Posted

When did the Panthers claim they weren't making money?

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Posted

Pretty bold to ask for public funds, I have to say.

No more or less bold than any other major corporation that asks CLT or the state for money (and it happens a lot).

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Posted

When did the Panthers plead poverty? They just asked for the money because they could get it and, allegedly, JR wants to tie the team to North Carolina permanently. Some of you people are:

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Posted

So how much did Jerry pay himself over those 2 years?

It's not clear. There were distributions to partners of like $12M plus another $7.5M. The other big mystery bucket is general and administrative expenses of around $59M which I am guessing includes staff salary including JR as well as any benefits he reaps. I'm not an accountant.

IF JR owns a $100,000 boat he isn't paying for it with his own cash.

Honestly the financial statements aren't that surprising or damning. We knew that if JR went low on salary he gets the difference.

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Posted

Think about these numbers

Then think about how much the salary cap is

Ok I did it. Now what??

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