Jump to content

<



Photo
- - - - -

Panthers Issue Statement in Response to Deadspin Report


  • Please log in to reply
68 replies to this topic

#1 rscott94

rscott94

    Junior Member

  • Joined: 01-January 11
  • PipPipPipPipPipPipPipPipPip
  • posts: 2,086
  • Reputation: 658
HUDDLER

Posted 07 March 2013 - 09:42 PM


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.

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.

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.

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.


http://www.panthers....f9-b1cfcfadf81a

#2 YoungPanthers89

YoungPanthers89

    Lucy Snorebush

  • Joined: 06-February 10
  • PipPipPipPipPipPipPipPipPip
  • posts: 11,572
  • Reputation: 2,008
  • LocationNC
HUDDLER

Posted 07 March 2013 - 09:43 PM

welp

#3 top dawg

top dawg

    The Creative Cat

  • Joined: 11-December 08
  • PipPipPipPipPipPipPipPipPip
  • posts: 9,005
  • Reputation: 3,247
  • LocationWITHIN MY MIND'S EYE
HUDDLER

Posted 07 March 2013 - 09:47 PM

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 CRA

CRA

    Senior Member

  • Joined: 25-November 08
  • posts: 27,257
  • Reputation: 5,359
Moderators

Posted 07 March 2013 - 09:48 PM

Pie chart

#5 The Golden Child

The Golden Child

    HUDDLER

  • Joined: 15-January 13
  • PipPipPipPipPipPip
  • posts: 1,848
  • Reputation: 363
HUDDLER

Posted 07 March 2013 - 09:50 PM

Cool

#6 Panthro

Panthro

    aka Pablo

  • Joined: 24-November 08
  • posts: 25,229
  • Reputation: 6,244
Moderators

Posted 07 March 2013 - 09:56 PM

Yeah it's tough being an NFL owner said no one ever

#7 csx

csx

    Senior Member

  • Joined: 31-December 09
  • PipPipPipPipPipPipPipPipPip
  • posts: 7,843
  • Reputation: 2,268
HUDDLER

Posted 07 March 2013 - 09:58 PM

Yeah it's tough being an NFL owner said no one ever

You couldn't be one.

#8 Panthro

Panthro

    aka Pablo

  • Joined: 24-November 08
  • posts: 25,229
  • Reputation: 6,244
Moderators

Posted 07 March 2013 - 10:02 PM

You couldn't be one.

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

#9 Rubi

Rubi

    Squid Smasher

  • Joined: 28-October 11
  • PipPipPipPipPipPipPipPipPip
  • posts: 2,377
  • Reputation: 753
  • LocationCharlotte
HUDDLER

Posted 07 March 2013 - 10:06 PM

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


Lol funny post

#10 Herbert The Love Bug

Herbert The Love Bug

    Stripper Name: Bo Dangles

  • Joined: 04-August 11
  • PipPipPipPipPipPipPipPipPip
  • posts: 12,567
  • Reputation: 2,313
  • Locationtied to your basement wall
HUDDLER

Posted 07 March 2013 - 10:18 PM

snap, crackle and pop

#11 Hotsauce

Hotsauce

    Future Training Camp MVP

  • Joined: 01-December 08
  • PipPipPipPipPipPipPipPipPip
  • posts: 5,811
  • Reputation: 1,382
HUDDLER

Posted 07 March 2013 - 10:20 PM

Yeah it's tough being an NFL owner said no one ever


Posted Image

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

#12 Hotsauce

Hotsauce

    Future Training Camp MVP

  • Joined: 01-December 08
  • PipPipPipPipPipPipPipPipPip
  • posts: 5,811
  • Reputation: 1,382
HUDDLER

Posted 07 March 2013 - 10:26 PM

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

#13 Ivan The Awesome

Ivan The Awesome

    Keep Pounding...all the way to...the draft! :D

  • Joined: 11-May 11
  • posts: 10,079
  • Reputation: 2,805
  • LocationNC
SUPPORTER

Posted 07 March 2013 - 10:28 PM

The biscuit can has been popped. You can't get that dough back in.


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.

#14 SmashNDash

SmashNDash

    Junior Member

  • Joined: 04-December 08
  • PipPipPipPip
  • posts: 593
  • Reputation: 143
HUDDLER

Posted 07 March 2013 - 10:35 PM

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?

#15 Panthro

Panthro

    aka Pablo

  • Joined: 24-November 08
  • posts: 25,229
  • Reputation: 6,244
Moderators

Posted 07 March 2013 - 10:39 PM

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?

That would blow my mind too


0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users