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02-04-2010, 07:46 AM
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#24 |
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He's Mahomie!
Join Date: Aug 2001
Location: Jax, FL
Casino cash: $10023443
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I TOTALLY believe it. I read on PFT that the stalemate is due to the owners not wanting to show their books. Not because they're raking it in but because they're embarrassed to show how little they make. If the world found out how little they net, the values of their franchises would plummet like the housing market. $800 million for a franchise? Gimme a break. The owners have been riding the appreciation while writing off the annual losses on their taxes. The only reason to own a franchise is the appreciation.
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Posts: 17,387
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Chiefs losing money?
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