\GoBillsInDallas/ Posted April 3, 2009 Posted April 3, 2009 http://www.star-telegram.com/business/story/1297580.html Ralph and Bills - no debt.
buckeyemike Posted April 3, 2009 Posted April 3, 2009 If the current economic conditions persist, expect more defaulting by team owners. I've heard that a number of NHL owners are in serious trouble financially -- to the point that teams could start folding at the end of next season.
BillsFan Trapped in Pats Land Posted April 3, 2009 Posted April 3, 2009 http://www.star-telegram.com/business/story/1297580.html Ralph and Bills - no debt. I guess that ARod deal didn't pan out
Big Turk Posted April 4, 2009 Posted April 4, 2009 I can't imagine what the interest payment would be on a 350 million dollar loan...
PromoTheRobot Posted April 4, 2009 Posted April 4, 2009 I can't imagine what the interest payment would be on a 350 million dollar loan... If my calculations are correct, assuming a 30 yr term like a mortgage at 5%, monthly interest would run about $1.4 million. But who knows how many sports team owners have mortgaged their franchises? For all we know Ralph hocked the Bills, which would be incredibly smart of him...get all the value out of his asset tax-free before he dies. That could be the reason he doesn't want to talk about selling the team. The banks already hold the paper on the Bills. Not saying it's true, just possible. PTR
Mike in Syracuse Posted April 4, 2009 Posted April 4, 2009 If the current economic conditions persist, expect more defaulting by team owners. I've heard that a number of NHL owners are in serious trouble financially -- to the point that teams could start folding at the end of next season. Gee you mean paying players $7,000,000 a year to play hockey is a bad idea. Who'd a thunk it.
Chalkie Gerzowski Posted April 4, 2009 Posted April 4, 2009 And Jerry Jones need 9 figure financing for his new palace still?
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