It should be pointed out that having this franchise rank 9th in profitability WITH THIS OWNER, IN BUFFALO does not necessarily mean the franchise will have similar dynamics in another market and under different ownership. After a sale, and if moved to a new market, a new set of dynamics impacting franchise profitability kick in. Some of these factors work against relocation, and some work in favor of it, such as:
1) Stadium debt servicing (in Buffalo as it now stands this franchise incurs none, whereas elsewhere it could be a huge long-term expense impacting profitability)
2) Unshared revenue from luxury suites (another market would likely generate more $)
3) Advertising revenues (likely greater in a larger market)
4) Payroll size (a new front office might spend more than the incumbents)
5) Ticket prices (certainly will generate higher revenues in another market)
Some of these factors obviously counteract each other. To me the main takeaway is that the current franchise in Buffalo is financially healthy - as long as the Ralph remains a viable venue. Overall that's good news since it suggests that a local owner buying the Bills would not have to look at his investment as a "charitable transaction", however a major variable that any prospective owner would have to look at and determine is, what is the future of RW Stadium and how will that future impact my potential cash flow? And, can a new venue in Buffalo be financed in a way that doesn't weigh down the team with massive debt?
Obviously as the County enters lease negotiations with the Bills, the Bills will be minimally concerned with issues pertaining to the long term, instead focusing on near term operational cost issues. But hopefully, the County & State have their eyes on the OTHER BALL - they need to be looking at/working on plans to either renovate RWS or build and finance a new venue such that the region is well positioned to make Buffalo an atractive long term home for the new ownership group. This positioning will require a) ensuring the facility meets the expectations of the new NFL and b) doing so in a way that doesn't saddle the new ownership with debt that would impede profitability.