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JR Addresses Accusations of Being Cheap

boo7382

By boo7382,
in Carolina Panthers

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riddel Newbie

riddel

Posted
Posted

I love when PSL owners bitch about losing.

You aren't buying wins people, you are buying a chance to watch the team play.

Wrong. Even Richardson understands that PSL owners are owed more than simply a chance to watch the team play. The fact is, this letter along with the statements Richardson has made about knowing that he was putting a less than winning product on the field could be used in a court of law and he could be SUED by PSL owners for not placing the best product on the field that he could. Richardson does not have the right to intentionally damage the PSL owner's investment and if he is not careful with his words, some PSL owner may just try his CHEAP ass in a court of law.

Carolina Panthers

Richardson Reaches out to Carolina Panthers PSL Owners

Dec, 10 2010 Categories: Carolina Panthers by greg Share:

Carolina Panthers owner Jerry Richardson addressed the following letter to the Carolina Panthers PSL owners earlier this week concerning the sad state of things in Panthers Nation:

I know how difficult the season has been for you. As the person ultimately responsible for putting a team on the field, I take full responsibility for our shortfalls. It is agonizing that we have not performed at the level we had planned for and expected.

When the season began, we believed there was every opportunity for success. Many of the players were returning from a team that had finished last year very strong. The motivation for this approach was both performance-based and a commitment to the future. Obviously we have fallen short, but our faith and commitment are still the same.

Going forward, our plan of attack is to build through the draft while retaining our core players. We have one of the youngest teams in the League, and a number of those younger players have shown genuine promise in this otherwise disappointing season. We won't give up on them. We also have a solid nucleus of veterans that we will seek to keep intact.

I want all of you to know that we plan to look at every aspect of our organization. What we do in the future will entirely be geared toward putting the best possible team on the field. I am committed to fielding a winning team, and I'm willing to invest the resources necessary to make it happen.

Allow me to raise another personal issue. Much has been made of my reluctance to address the play of the team in the media. Throughout the history of the franchise, I have rarely done in-season interviews. It's just not my style. In my opinion, comments from ownership during the season are a distraction, and I do not want my comments to interfere in any way with the performance on the field.

This year is further complicated with the uncertainty regarding Collective Bargaining Agreement (CBA). Let me be clear: A successful CBA is critical in sustaining the competitive balance of the NFL. We're all in this together, and what is good for football is good for the continued success of each and every team. It's important for us to reach an agreement that benefits the fans, players, and teams. I want the players paid fairly, and I want us to play winning and exciting football.

I understand that in a season like this, words can sound hollow, but, as PSL Owners, you have my commitment to provide you a team that will make you proud. With three NFC championship game appearances, we have come close. I can assure you we will be aggressive in getting there again.

Thank you for your patience and support in a very challenging time.

Respectfully,

Jerry Richardson

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Panthers_Lover Newbie

Panthers_Lover

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Wrong. Even Richardson understands that PSL owners are owed more than simply a chance to watch the team play. The fact is, this letter along with the statements Richardson has made about knowing that he was putting a less than winning product on the field could be used in a court of law and he could be SUED by PSL owners for not placing the best product on the field that he could. Richardson does not have the right to intentionally damage the PSL owner's investment and if he is not careful with his words, some PSL owner may just try his CHEAP ass in a court of law.

Purchasing a PSL is EXPRESSLY NOT an "investment" in the contract, so out the window with your assertion ....

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riddel Newbie

riddel

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Purchasing a PSL is EXPRESSLY NOT an "investment" in the contract, so out the window with your assertion ....

I stand corrected. Asset.

Richardson doesn't have the right to intentionally damage the value of the PSL owner's asset.

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Brooklyn Bully Newbie

Brooklyn Bully

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Just heard the Iggles are four million UNDER the cap. And they were a great team last season. Interesting.

I liked this quote off charlotte dot com.

No. I don't feel bad about calling you cheap last year, because you most certainly were. You cut your operating expenses by purging the team of players, yet raised your ticket prices knowing full well the product you were putting on the filed was sub-par at best. Considering in the 16 years you have owned this team you have only had 4 winning seasons, I find it hard for anyone to call you successful with this track record. Even you admitted you have NEVER been able to put together back to back winning seasons.

Spending money does not equate to winning games. If it did, the Redskins and Raiders would be perennial SB winners. But we all know they are perennial losers. Unfortunately just like our Carolina Panthers.

Outside of sports, no other business in the world would continue to operate while only achieving their goal 25% of the time. So start winning on a consistent basis and maybe then some of us fans will start talking about what a great owner you are. Until then, your track record speaks volumes.

Read more: http://www.charlotteobserver.com/2011/08/04/2502287/panthers-stick-to-their-plan.html#ixzz1U5jn5G91

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riddel Newbie

riddel

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JR is so lawyered up that you can be guys who wear suits worth more than most of us make every year read every word of that letter before it was sent. And you can bet your ass if it left any room for litigation it would have never made it out of the offices at BoA.

The letter expresses his commitment to the PSL owners in the last paragraph. By signing and sending this letter he has signed a commitment to the PSL owner. Now that all is said and done he is saying during interviews that last years sacrifice was necessary. Basically he sent the PSL owners an apology that stated he did not intend to place a subpar product on the field and committed to placing a quality product on the field in the future. Currently he is telling everyone that he knew they would not be successful and that he had to do this to resign his core players for 2011. This is a blatant contradiction to the PSL letter and I guarandamntee you that if enough PSL owners signed a petition and then lawyered up they could get a settlement for the LACK of commitment that Richardson specifically guaranteed to the PSL owners in the letter.

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riddel Newbie

riddel

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I AM a PSL owner, and I've never found an occasion -- to the federal government or any other entity -- to claim my "seat rights license" as an asset.

Wrong again.

4) PSLs have significant long-term value to the owner.

Many media reports paint a picture of PSLs as a one-time expense that simply takes more money out of the fans’ pockets, however most accountants would note that a PSL should not be viewed as an expense… but rather as an appreciating asset. For a recent CSL project for an NFL franchise, I researched the long-term value for PSL owners of the nine NFL seat license programs that were launched between 1998 and 2003. By comparing the average original PSL price for each stadium to the current market prices on team or third-party resale sites, it was determined that the market value of these nine NFL stadium PSLs increased by a compound annual growth rate anywhere from 7.5 percent (in Nashville) to 28 percent (in Pittsburgh and Chicago). In fact, the secondary market prices for many of the PSLs in Pittsburgh and Chicago have increased by more than 10-15 times the original purchase price.

Of course, many fans intend to purchase tickets in their personal seat for the rest of their lives, and thus may not be overly concerned with the value of the PSL asset on their personal balance sheet. However, it never hurts to be able to sell your seat rights for a significant return if your personal finances take a downward turn that prevent you from purchasing season tickets any longer

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riddel Newbie

riddel

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not sure it can be claimed as an asset, either

Tell you what I'm gonna do....I'm going to give you the opportunity to purchase the seat on my yacht for every weekend for the rest of your life and the cost of the ride is $blank amount....I can raise the cost of the ride as I see fit....so you purchase this opportunity....you go out the first couple years on this boat and enjoy the product....then I decide one year I'm going to remove the engine, air conditioning, boat captain...ect......you are forced to pay for the tickets or you will lose your seat right.....you can't sell your seat right because it's not worth crap.....so...you're stuck riding this broke down boat that doesn't look anything like the original boat that you purchased your rights to....DO YOU HAVE A LAWSUIT?

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