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Everything posted by Lurker
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He invested $1.4 billion when he bought the team from Ralph. That investment appreciates because of the TV contract (which accounts for the lion's share of NFL revenue) and the exclusivity of being one of only 32. Getting a measly $30 million net income per year on that investment is bad business. Getting another $20 million or so by building a new stadium--which is a highly generous estimate, given that debt service would now be a new expense item--doesn't really make the IRR that much more attractive...
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Wrong. They own an asset...that gets more and more valuable each year. That, in a nutshell, is the NFL economic model. It has virtually nothing to do with operating a business, given the financials we periodically see from Green Bay and other tidbits. And why does it get more valuable? It sure as shooting has nothing to do with the game day experience or revenue stream. Ownership exclusivity and TV contract Full stop. Do you really think a guy like Pegs (or any other owner) would invest $1 billion+ to clear $30-$40 million a year in profit (a guess, based on Green Bay's net income--which was generated with substantially higher ticket prices than Buffalo)?? He'd have to be a moron... https://www.greenbaypressgazette.com/story/sports/nfl/packers/2019/07/12/green-bay-packers-report-record-revenue-record-expenses-2018/1672592001/
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Sadly, I don't think the number of events Buffalo could draw to justify a new downtown stadium would be worth the investment. For example, you're not going to have larger auto or boat shows (not with Toronto's right up the road) or comicon-type events. The population problem once again would rear its ugly head. Concerts? Nah, not enough stadium-type bands around and you don't want to cannibalize the Key Bank Center. We're just not a convention destination (especially in the winter), even with a shiny new stadium venue...
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Riding it backwards was the bomb. I soiled many a pair of shorts til I got the hang of it...
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I't's frustrating when people mis-quote statistics like this. The City of Buffalo makes up only a quarter of the Buffalo metro area. And there are 4-5 million people within a 90 minute drive of Orchard Park... U.S. Population – Metropolitan Statistical Area Population Click on heading to sort. Rank Metropolitan Statistical Area 2010 Census 2018 Estimate Growth (%) 1 New York-Newark-Jersey City, NY-NJ-PA 19,567,410 19,979,477 2.1 2 Los Angeles-Long Beach-Anaheim, CA 12,828,837 13,291,486 3.6 3 Chicago-Naperville-Elgin, IL-IN-WI 9,461,105 9,498,716 0.4 4 Dallas-Fort Worth-Arlington, TX 6,426,214 7,539,711 17.3 5 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 5,965,343 6,096,372 2.2 6 Houston-The Woodlands-Sugar Land, TX 5,920,416 6,997,384 18.2 7 Washington-Arlington-Alexandria, DC-VA-MD-WV 5,636,232 6,249,950 10.9 8 Miami-Fort Lauderdale-West Palm Beach, FL 5,564,635 6,198,782 11.4 9 Atlanta-Sandy Springs-Roswell, GA 5,286,728 5,949,951 12.5 10 Boston-Cambridge-Newton, MA-NH 4,552,402 4,875,390 7.1 11 San Francisco-Oakland-Hayward, CA 4,335,391 4,729,484 9.1 12 Detroit-Warren-Dearborn, MI 4,296,250 4,326,442 0.7 13 Riverside-San Bernardino-Ontario, CA 4,224,851 4,622,361 9.4 14 Phoenix-Mesa-Scottsdale, AZ 4,192,887 4,857,962 15.9 15 Seattle-Tacoma-Bellevue, WA 3,439,809 3,939,363 14.5 16 Minneapolis-St. Paul-Bloomington, MN-WI 3,348,859 3,629,190 8.4 17 San Diego-Carlsbad, CA 3,095,313 3,343,364 8 18 St. Louis, MO-IL 2,787,701 2,805,465 0.6 19 Tampa-St. Petersburg-Clearwater, FL 2,783,243 3,142,663 12.9 20 Baltimore-Columbia-Towson, MD 2,710,489 2,802,789 3.4 21 Denver-Aurora-Lakewood, CO 2,543,482 2,932,415 15.3 22 Pittsburgh, PA 2,356,285 2,324,743 -1.3 23 San Juan-Carolina-Caguas, PR 2,350,126 2,023,237 -13.9 24 Portland-Vancouver-Hillsboro, OR-WA 2,226,009 2,478,810 11.4 25 Charlotte-Concord-Gastonia, NC-SC 2,217,012 2,569,213 15.9 26 Sacramento--Roseville--Arden-Arcade, CA 2,149,127 2,345,210 9.1 27 San Antonio-New Braunfels, TX 2,142,508 2,518,036 17.5 28 Orlando-Kissimmee-Sanford, FL 2,134,411 2,572,962 20.5 29 Cincinnati, OH-KY-IN 2,114,580 2,190,209 3.6 30 Cleveland-Elyria, OH 2,077,240 2,057,009 -1 31 Kansas City, MO-KS 2,009,342 2,143,651 6.7 32 Las Vegas-Henderson-Paradise, NV 1,951,269 2,231,647 14.4 33 Columbus, OH 1,901,974 2,106,541 10.8 34 Indianapolis-Carmel-Anderson, IN 1,887,877 2,048,703 8.5 35 San Jose-Sunnyvale-Santa Clara, CA 1,836,911 1,999,107 8.8 36 Austin-Round Rock, TX 1,716,289 2,168,316 26.3 37 Virginia Beach-Norfolk-Newport News, VA-NC 1,676,822 1,728,733 3.1 38 Nashville-Davidson--Murfreesboro--Franklin, TN 1,670,890 1,930,961 15.6 39 Providence-Warwick, RI-MA 1,600,852 1,621,337 1.3 40 Milwaukee-Waukesha-West Allis, WI 1,555,908 1,576,113 1.3 41 Jacksonville, FL 1,345,596 1,534,701 14.1 42 Memphis, TN-MS-AR 1,324,829 1,350,620 1.9 43 Oklahoma City, OK 1,252,987 1,396,445 11.4 44 Louisville/Jefferson County, KY-IN 1,235,708 1,297,301 5 45 Hartford-West Hartford-East Hartford, CT 1,212,381 1,206,300 -0.5 46 Richmond, VA 1,208,101 1,306,172 8.1 47 New Orleans-Metairie, LA 1,189,866 1,270,399 6.8 48 Buffalo-Cheektowaga-Niagara Falls, NY 1,135,509 1,130,152 -0.5 49 Raleigh, NC 1,130,490 1,362,540 20.5 50 Birmingham-Hoover, AL 1,128,047 1,151,801 2.1 51 Salt Lake City, UT 1,087,873 1,222,540 12.4 52 Rochester, NY 1,079,671 1,071,082 -0.8 53 Grand Rapids-Wyoming, MI 988,938 1,069,405 8.1 54 Tucson, AZ 980,263 1,039,073 6 55 Urban Honolulu, HI 953,207 980,080 2.8 56 Tulsa, OK 937,478 993,797 6 57 Fresno, CA 930,450 994,400 6.9 58 Worcester, MA-CT 916,980 947,866 3.4 59 Bridgeport-Stamford-Norwalk, CT 916,829 943,823 2.9 60 Albuquerque, NM 887,077 915,927 3.3
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No shocker. His wife should have suspected something when he made her sleep in the stadium with him...
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Do You Think Stevie Wonder Is Really Blind?
Lurker replied to Gugny's topic in Off the Wall Archives
All I know is that this thread underscores the good choices I made when filling my 'Ignore Users' list... -
Yeah, it's odd. But I'm pretty sure the figures are for 2019... Revenue of National Football League (NFL) teams 2019 Published by Christina Gough, Sep 9, 2019 The statistic ranks all franchises of the National Football League according to revenue in 2019. The Dallas Cowboys generated 950 million U.S. dollars in revenue in that year, the most of all NFL teams.
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Oh, no doubt, they'll ask. And you're right, the horse left the barn long ago on demanding a public financing component to any new stadium. I'm just saying the NFL's crowning achievement over the last 100 years has been conning taxpayers into paying for billionaire's playthings. It should have been part of the NFL100 celebration stuff we've been seeing all year...
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I think we had this 'tastes great-less filling' discussion before. Kraft and Jones may well advoocate for that position but with half the league in mid-sized cities, I can't see them carrying the day on it. They may get to keep more of the future revenue streams (gambling), but if I'm Clark Hunt or Art Rooney II, I'm just as leary of that proposal as the Pegula's would be. My take on the NFL's "New Stadium!!! New Stadium!!" shtict is that you can't have a few teams getting away with older, still viable stadiums like New Era if you want to con state and local government officials in your home town into ponying up for your new palace. It's bad optics if some teams are doing perfectly fine without a billion dollar home. How can you cry poverty that way--and twist the appropriate arms to pick up half or more of the costs?..
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I suppose. But in a league generating $14 billion in revenue annually, do the Jones' and Kraft's of the world really care about getting another $500,000 or so (and $4-$5 million over 8 games) from being the road team in Buffalo? It seems like all the NFL jawboning about new stadiums is just so much FUD on autopilot...
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These are secondary market ticket prices, but they give you an idea of the supply/demand situation: https://blog-admin.tickpick.com/how-much-are-nfl-tickets/ Average Ticket Cost NFL Team 2017 2018 2019 New England Patriots $348 $355 $501 Chicago Bears $186 $246 $376 Green Bay Packers $226 $243 $243 New Orleans Saints $160 $216 $301 Denver Broncos $264 $196 $278 Seattle Seahawks $223 $236 $248 Philadelphia Eagles $199 $208 $256 Pittsburgh Steelers $201 $195 $221 Los Angeles Chargers $191 $157 $191 Washington Redskins $109 $131 $167 Dallas Cowboys $225 $141 $258 Cleveland Browns $62 $80 $190 Oakland Raiders $179 $145 $149 Kansas City Chiefs $90 $102 $209 Miami Dolphins $139 $104 $143 Detroit Lions $117 $108 $122 Houston Texans $123 $126 $145 Minnesota Vikings $156 $172 $187 San Francisco 49ers $98 $126 $178 Baltimore Ravens $105 $100 $129 Tennessee Titans $127 $185 $148 Atlanta Falcons $210 $136 $170 Tampa Bay Buccaneers $153 $151 $150 New York Jets $75 $88 $117 Cincinnati Bengals $70 $86 $114 Carolina Panthers $156 $169 $131 Arizona Cardinals $107 $82 $93 New York Giants $155 $137 $152 Los Angeles Rams $108 $119 $114 Jacksonville Jaguars $61 $113 $98 Indianapolis Colts $59 $107 $114 Buffalo Bills $86 $63 $105
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Adored Browns mascot Swagger passes away at 6
Lurker replied to HOUSE's topic in The Stadium Wall Archives
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No more Jerry Sullivan radio show (but now Podcast!)
Lurker replied to PromoTheRobot's topic in The Stadium Wall Archives
Good Lord. You mean people are now expected to PAY to hear Sully's blovations?? -
What's the book on this sort of thing? A buck twenty-five and two Budweiser bottle caps?...