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Panthers Issue Statement in Response to Deadspin Report


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#46 Niner National

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Posted 08 March 2013 - 08:34 PM

1. So... the Panthers essentially admit to tanking the 2010 season, opting to label it "team had strategically reduced its spending."

2. Since selling my PSLs, I no longer care about how "profitable" the Panthers may or may not be. What I'd really like to know is just how much taxes they pay. If they make $120M or $1M it means nothing to Charlotte unless they're paying their share of taxes.

The city doesn't see any money from the Panthers profit. The city doesn't have a local income tax. Any income tax the Panthers pay would be to the state and federal government.

City is funded by property taxes. The Panthers paid $1,713,434.46 to the city on January 3, 2013.

They have paid between $1.7 and $2 million in property taxes every year for at least the last 9 years. The database does not go back any further than that. Not sure if that means it wasn't digitized prior to 2004 or if the Panthers didn't pay property tax prior to 2004.

The city owns the land the stadium sits on, which is valued at about $62.5 million, but the city obviously doesn't pay taxes to itself and the Panthers don't have to pay tax on land they are leasing.

The city values the stadium at around $134,000,000, although I don't know how they arrive at that number.

The city also collects hotel tax revenue, car rental tax revenue, and tax from prepared meals. The amount to which the Panthers contribute to that would be very difficult to accurately quantify, but I think it would be fair to say that it is significantly higher than the amount of property tax they pay each year.

#47 Upper Deck West End Zone

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Posted 08 March 2013 - 08:52 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.



That's one of the worst press releases I've seen.

It's incompetent.

#48 Sean Payton's Vicodin

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Posted 08 March 2013 - 09:13 PM

huh, so poo has been going down huh?

i havent been keeping up with the panthers lately, someone give a TLDR version for me please. Is Jerry losing his mind or something?

#49 CatMan72

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Posted 08 March 2013 - 09:18 PM

The trolls are attracted to this thread like flies to sh#t

#50 beckersteen

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Posted 09 March 2013 - 05:51 AM

eh this really doesnt matter. even if it turns into anything once preseason gets here it will over shadow this greatly.

#51 Panthro

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Posted 09 March 2013 - 06:35 AM

The trolls are attracted to this thread like flies to sh#t


As are the JRbots

#52 Anybodyhome

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Posted 09 March 2013 - 09:04 AM

Yeah, I get all that as a former NC resident I'm well aware of the tax structure. But Mecklenburg County does have real and personal property taxes and this is likely where the $1.7-2M a year you're quoting comes from.

It's no secret Mecklenburg County has some of the highest tax rates in the Southeast, let alone NC, and I'm one of those people who don't believe the tax payers should be shouldering the burden for a privately owned entity to make itself more profitable by paying for its improvements.


The city doesn't see any money from the Panthers profit. The city doesn't have a local income tax. Any income tax the Panthers pay would be to the state and federal government.

City is funded by property taxes. The Panthers paid $1,713,434.46 to the city on January 3, 2013.

They have paid between $1.7 and $2 million in property taxes every year for at least the last 9 years. The database does not go back any further than that. Not sure if that means it wasn't digitized prior to 2004 or if the Panthers didn't pay property tax prior to 2004.

The city owns the land the stadium sits on, which is valued at about $62.5 million, but the city obviously doesn't pay taxes to itself and the Panthers don't have to pay tax on land they are leasing.

The city values the stadium at around $134,000,000, although I don't know how they arrive at that number.

The city also collects hotel tax revenue, car rental tax revenue, and tax from prepared meals. The amount to which the Panthers contribute to that would be very difficult to accurately quantify, but I think it would be fair to say that it is significantly higher than the amount of property tax they pay each year.



#53 Lords0fPain

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Posted 09 March 2013 - 11:20 AM

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



What is this "cash flow" business??? And why on earth would a liberal SPIN site misrepresent the old rich white guy??? The panthers FO must be the ones lying...

#54 Lords0fPain

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Posted 09 March 2013 - 11:30 AM

Yeah, I get all that as a former NC resident I'm well aware of the tax structure. But Mecklenburg County does have real and personal property taxes and this is likely where the $1.7-2M a year you're quoting comes from.

It's no secret Mecklenburg County has some of the highest tax rates in the Southeast, let alone NC, and I'm one of those people who don't believe the tax payers should be shouldering the burden for a privately owned entity to make itself more profitable by paying for its improvements.



Thats why one day, charlotte will have an empty stadium not bringing in anything (or at least what it could have with the Panthers), except dust. Wonder what it would cost to have to tear it down? Anyway, Charlotte is making money (directly or indirectly) from the panthers being there, as well. I don't have a problem with public funds going to keep a team, how much is another story. There are a lot of other cities that would love to have an NFL team....

BTW- the some of the ones whinning about use of public funds and not helping keep this buniness, will be the same ones that whine about the team not spending money to bring top talent....

#55 Delhommey

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Posted 09 March 2013 - 11:36 AM

The Penn St apologist were much more entertaining.

#56 Lords0fPain

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Posted 09 March 2013 - 11:51 AM

1. So... the Panthers essentially admit to tanking the 2010 season, opting to label it "team had strategically reduced its spending."

2. Since selling my PSLs, I no longer care about how "profitable" the Panthers may or may not be. What I'd really like to know is just how much taxes they pay. If they make $120M or $1M it means nothing to Charlotte unless they're paying their share of taxes.


Just watching on the NFL network last night, how Jimmy Johnson traded their best player (Hershel Walker) to the Vikes for 5 players or contingent draft picks. Sat those players (even though they were better than what he had on the field) went 1-15, and choose to take the draft picks. Tanked the season on purpose (admitting it), choose Aikmen #1 and built the team around him...how many Super Bowls did the Johnson Cowboys win again????
Sometimes, a step back gets you 3 steps forward, for the long term.
Wonder if Dallas doesn't mind spending public funds to keep the Cowboys there, as well.

Maybe JR is a history scholar and wants to repeat JJs' success...

#57 Delhommey

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Posted 09 March 2013 - 11:55 AM

Dallas didn't spend a penny of public funds.

#58 Lords0fPain

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Posted 09 March 2013 - 11:59 AM

Dallas didn't spend a penny of public funds.

Then or now? Or are you saying Dallas has never spent public funds on thier stadium? sorry ment arlington, it doesn't change the point.

#59 Lords0fPain

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Posted 09 March 2013 - 12:01 PM

Date Opened May 29, 2009 Ownership
(Management)
Arlington, Texas
(Dallas Cowboys) Surface RealGrass Matrix Cost of Construction $1.15 billion Stadium Financing City sales tax increased by one-half of a percent, the hotel occupancy tax by 2 percent, and car rental tax by 5 percent. The City of Arlington provided $325 million in funding, and Jerry Jones covered any cost overruns. Also, the NFL provided the Cowboys with an additional $150 million. Stadium Architect HKS, Inc.

http://football.ball...ys/newindex.htm

#60 CLEARHOT

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Posted 09 March 2013 - 12:02 PM

What is this "cash flow" business??? And why on earth would a liberal SPIN site misrepresent the old rich white guy??? The panthers FO must be the ones lying...


And one last point. Why in the hell do people keep saying old WHITE guy. As if we all walk up to the vending machine of life and choose our race. Would we say Bob Johnson former Bobcat owner is is an old rich Black guy, in every opinion on him?


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