Jerry Richardson q&a

[PantherBob]

And nobody forced you to become a PSL/season ticket holder. You chose to do that, knowing the rules. As far as I know, there were no guarantees regarding team performance given to us when we signed up.

If I knew at the time that I bought them that our owner was an incompetent, money grubbing leech I would have never made the purchase.

[PantherBob]

Nope. Do not work for the Panthers, have never worked for the Panthers or Mr. Richardson.

So then you admit you are giving your own fan opinion that JR is the only caring owner in NFL? Have you ever met the other owners in the NFL? I doubt it, so quit making such fandome statements.

[panthers55]

If you based it on just this year that would make sense, but I was stating that he was doing it on future speculation of contracts, ie next year when he has to make lots of decisions on big deals.

That assumes he signs all of the guys whose contracts are expiring to new big contracts. I don't have a crystal ball but believe we won't be signing everyone. I also believe that he has tried the big agent free signing more than once and it didn't work. He also paid big bucks to our core players and that hasn;t worked that well either. I don't know anything for sure but am speculating that part of the reason for going cheap is that if he can put a decent product on the field for much less than he has spent in prior years for a product that didn't play that much better, then why not go cheap? I think the results of this season may dictate which way he goes next year.

It's not like he sets himself up to rake in 100 of millions each year. In 2007 for instance he barely cleared 2.5million in profit.

http://www.forbes.com/lists/2007/30/biz_07nfl_Carolina-Panthers_309456.html

Net income is a terrible indicator of actual profits. There are many big coprporations that make millions of dollars every year but show a loss. There are a ton of ways to legally manipulate the books to avoid paying taxes and showing a profit. From the time he bought the franchise in 1993 for 203 million to now the team value has increased to 956 million. A team that makes a profit of 2 million a year doesn't increase its value by three quarters of a billion dollars.

[Floppin]

Net income is a terrible indicator of actual profits. There are many big coprporations that make millions of dollars every year but show a loss. There are a ton of ways to legally manipulate the books to avoid paying taxes and showing a profit. From the time he bought the franchise in 1993 for 203 million to now the team value has increased to 956 million. A team that makes a profit of 2 million a year doesn't increase its value by three quarters of a billion dollars.

As much as net income is a terrible indicator of actual profits team value is even worse. Come on are you freaking kidding me? Company value is basically just a representation of overhead. If i have a construction company with no equipment it's worth nothing, if i buy a bulldozer all of a sudden my corporate value has increased. Over time the overall value will increase with an increase of overhead from endorsements, merchandising etc.

[panthers55]

As much as net income is a terrible indicator of actual profits team value is even worse. Come on are you freaking kidding me? Company value is basically just a representation of overhead. If i have a construction company with no equipment it's worth nothing, if i buy a bulldozer all of a sudden my corporate value has increased. Over time the overall value will increase with an increase of overhead from endorsements, merchandising etc.

Your example is totally incorrect. If you buy a bulldozer your worth hasn't increased, your assets increase but so do your liabilities in the form of a loan unless you paid for it cash. In that case your worth hasn't increased you have simply replaced a cash asset with a material asset unless you bought it for much less than it is worth. If you buy it for market value, your net worth stays the same. Your worth only increases in the event of a loan if you pay if off while it still has some value so your assets remain the same while your liabilities decrease. Or you buy an asset that actually increases in value. Won't happen with a bulldozer but that is what happened with the Panthers organization. Team worth isn't a representation of actual profits but it a representation of your bottom line worth if you sold the business. The relationship with profits is less straight line but if you take your cash and buy assets which appreciate, then you will increase your net worth without showing a big profit. Paying off debts will decrease your liabilities but not necessarily reduce your profits in a straight line fashion depending on whether you can write off the whole expense or have to depreciate it over time.

But enough of that. The bottom line s that Richardson has spent a signiificant portion of his cash building the brand and investing in improvements like upgrading the stadium and facilities which is one of the 4 factors that Forbes used to determine the team net worth. It reduced his net profit and increased his assets and future revenue which increased his team value.

[Panthers_Lover]

If I knew at the time that I bought them that our owner was an incompetent, money grubbing leech I would have never made the purchase.

Well, he's not. So, sell them.

And, the point is, you got absolutely no guarantees when you purchased your PSLs.

[Panthers_Lover]

So then you admit you are giving your own fan opinion that JR is the only caring owner in NFL? Have you ever met the other owners in the NFL? I doubt it, so quit making such fandome statements.

I never said he was the "only" caring owner. I know Mr. Richardson, and have a tremendous amount of respect for him.

I can't make "fandome statements" (whatever they are), but you can blast him all you want? Doesn't seem very right to me.

[X-Clown]

Im not letting thousands of dollars of my hard earn money that I invested go to waste. Like I said, if someone wants to buy my PSLs Im all ears.

Have you listed your PSLs on a site like PantherPSLs.com or even posted in the Huddle PSL Exchange to see if you can find willing buyers? Have you even tried selling the season tickets each year? Or are you just bitching for the sake of bitching and don't really own seats? I know which one I suspect.

[PantherBob]

Have you listed your PSLs on a site like PantherPSLs.com or even posted in the Huddle PSL Exchange to see if you can find willing buyers? Have you even tried selling the season tickets each year? Or are you just bitching for the sake of bitching and don't really own seats? I know which one I suspect.

Nope! People that look for PSLs on that site are looking for a bargain. I refuse to take a loss on mine.

[X-Clown]

Bitch Bitch Bitch Bitch Bitch Bitch Bitch Bitch

Just as I figured.

[Floppin]

Your example is totally incorrect. If you buy a bulldozer your worth hasn't increased, your assets increase but so do your liabilities in the form of a loan unless you paid for it cash. In that case your worth hasn't increased you have simply replaced a cash asset with a material asset unless you bought it for much less than it is worth. If you buy it for market value, your net worth stays the same. Your worth only increases in the event of a loan if you pay if off while it still has some value so your assets remain the same while your liabilities decrease. Or you buy an asset that actually increases in value. Won't happen with a bulldozer but that is what happened with the Panthers organization. Team worth isn't a representation of actual profits but it a representation of your bottom line worth if you sold the business. The relationship with profits is less straight line but if you take your cash and buy assets which appreciate, then you will increase your net worth without showing a big profit. Paying off debts will decrease your liabilities but not necessarily reduce your profits in a straight line fashion depending on whether you can write off the whole expense or have to depreciate it over time.

But enough of that. The bottom line s that Richardson has spent a signiificant portion of his cash building the brand and investing in improvements like upgrading the stadium and facilities which is one of the 4 factors that Forbes used to determine the team net worth. It reduced his net profit and increased his assets and future revenue which increased his team value.

My example was horrible I agree. I was a little toasted, fresh from q wedding rehearsal. Just felt like arguing with no real point.

[panthers55]

My example was horrible I agree. I was a little toasted, fresh from q wedding rehearsal. Just felt like arguing with no real point.

Rep for the honesty.:cheers2: