Gregg Posted July 11 Posted July 11 You can see how far the league has come. Bears sold for $100 in 1920 and now the Commanders 6.05 billion in 2023. 2 Quote
SoCal Deek Posted July 11 Posted July 11 That’s cool! So apparently an AFL franchise was $25,000 back at the outset. Not too shabby. Now….you can rent a single seat in the new stadium for that. 2 1 Quote
MJS Posted July 11 Posted July 11 What's crazy is that players are now getting contracts for more than entire franchises sold for in the 90's. Mahomes is at $450 million. Herbert, Jackson, and Allen are about $260 million. Quote
Kaenon Posted July 11 Posted July 11 Darnit great Grandma Gam Gam! Why didn't you just buy the Bears for $101 way back when? We'd have been set! 1 1 Quote
Big Turk Posted July 11 Posted July 11 (edited) 1 hour ago, SoCal Deek said: That’s cool! So apparently an AFL franchise was $25,000 back at the outset. Not too shabby. Now….you can rent a single seat in the new stadium for that. Imagine the ROI on that investment...KC would probably be north of $5 Billion today on the market. Actually just calculated it...if the Chiefs were sold for $5 Billion, it would be a 19,999,900% return on investment. Beats the stock market any day. Edited July 11 by Big Turk Quote
K D Posted July 11 Posted July 11 (edited) Those capital gains taxes when they finally sell the Bears, Giants, or Steelers 🤯 Edited July 11 by KDIGGZ Quote
Augie Posted July 11 Posted July 11 Remember when people told Terry Pegula he couldn’t make any money if he overpaid for the Bills at $1.4 Billion? He famously said something like “if I was trying to make money, I’d drill another oil well”, but I think this will turn out pretty OK for him and the generations to follow. 1 minute ago, KDIGGZ said: Those capital gains taxes when they finally sell the Bears, Giants, or Steelers 🤯 That’s a big part of why some families are selling off a portion of ownership now, and not just in the NFL. There are some SERIOUS and COMPLICATED estate planning issues to be considered. 2 Quote
Capco Posted July 11 Posted July 11 1 hour ago, Augie said: That’s a big part of why some families are selling off a portion of ownership now, and not just in the NFL. There are some SERIOUS and COMPLICATED estate planning issues to be considered. You almost say it as if you feel sorry for them. Quote
Augie Posted July 11 Posted July 11 (edited) 8 hours ago, Capco said: You almost say it as if you feel sorry for them. No, it’s just very complicated stuff, and the cost of not finding an optimal solution can be enormous. For the record, I don’t have any ill will toward them because they are billionaires. Good for them! I wouldn’t mind joining the club, as a matter of fact. However, money is far from everything. They have bigger bank accounts, but they are just people with more complicated pleasures and problems. . Edited July 12 by Augie 2 1 Quote
Royale with Cheese Posted July 12 Posted July 12 (edited) If there was the internet back in 1920, there would be people complaining how football is greedy. "Can you believe how much the Bears were sold for?? $.75 for a PSL is ridiculous!" Edited July 12 by Royale with Cheese Quote
SoonerBillsFan Posted July 12 Posted July 12 21 hours ago, Gregg said: You can see how far the league has come. Bears sold for $100 in 1920 and now the Commanders 6.05 billion in 2023. Inflation is affecting even Billionaires. 1 Quote
Buffalo_Stampede Posted July 12 Posted July 12 36 minutes ago, HOUSE said: I bought my car for 50 bucks, probably worth 60 now More like $30. Quote
ganesh Posted July 12 Posted July 12 Dan Snyder paid $800M for the team as well as the football stadium in 1999 and then coverted that into a gold mine before selling it for $6B. 1 Quote
Augie Posted July 12 Posted July 12 1 hour ago, HOUSE said: I bought my car for 50 bucks, probably worth 60 now 53 minutes ago, Buffalo_Stampede said: More like $30. How much do you think the cinder blocks it sits on would get you? Gotta be something, right? 2 Quote
billsfanfrom83 Posted July 12 Posted July 12 Lions go for 5 million in 1964 two years later in 66 raiders sell for 180 thousand 😆 Quote
Gregg Posted July 12 Author Posted July 12 8 minutes ago, billsfanfrom83 said: Lions go for 5 million in 1964 two years later in 66 raiders sell for 180 thousand 😆 Shows the difference between the leagues back then. The AFL was a new league versus the established NFL. 1 Quote
hondo in seattle Posted July 12 Posted July 12 The Vikes for $600m in 2005 seems like a bargain compared to some of the other deals. I really hope my cousin can finish that flux capacitor he's been working on - we'll travel back to the 1920s and 1930s and buy every NFL team we can. 1 1 Quote
Augie Posted July 12 Posted July 12 2 hours ago, hondo in seattle said: The Vikes for $600m in 2005 seems like a bargain compared to some of the other deals. I really hope my cousin can finish that flux capacitor he's been working on - we'll travel back to the 1920s and 1930s and buy every NFL team we can. Watch out for that whole stock market thing…..oh, and prohibition! 🍺 Can I just stay here and be your heir? 1 Quote
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