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Panthers Issue Statement in Response to Deadspin Report


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#1 rscott94

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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

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Posted 07 March 2013 - 09:43 PM

welp

#3 top dawg

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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

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Posted 07 March 2013 - 09:48 PM

Pie chart

#5 The Golden Child

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Posted 07 March 2013 - 09:50 PM

Cool

#6 Panthro

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Posted 07 March 2013 - 09:56 PM

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

#7 csx

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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

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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

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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

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Posted 07 March 2013 - 10:18 PM

snap, crackle and pop

#11 Boner Champ

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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 Boner Champ

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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

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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

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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

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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


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