Lamar Has A Brilliant Business Move

[ChiefsCountry]

When he sells the Wizards, he will make money off of that. Then he will make money off rent of Arrowhead Stadium, since the Chiefs have management rights of Arrowhead. This looks to be a smart financial decision on the Hunt family. Good luck to Lamar and the family on this.

[Ultra Peanut]

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<img src="http://www.cnn.com/TECH/space/9802/19/glenn/texas.san.antonio.lg.jpg" style="width: 360px; height: 322px; border: 0" alt="" />

[KingPriest2]

You must be blind and deaf.

[KCTitus]

Then he will make money off rent of Arrowhead Stadium, since the Chiefs have management rights of Arrowhead.

I would like further explanation on how this works...Im very curious.

[ChiefsCountry]

I would like further explanation on how this works...Im very curious.

Since Chiefs have management rights to Arrowhead, they control the prices such as rent, etc. Events like Big 12 Championship Game, Billy Graham Crusade, Concerts, etc. the Chiefs get the rent off of those events. Best example would be say you rent a house from a landlord (Chiefs rent Arrowhead from Jackson County) and you then rent your house for a party (Major Event comes to Arrowhead) you collect all the profits from it but the landlord does not. Get what I am saying.

[Hoover]

Since Chiefs have management rights to Arrowhead, they control the prices such as rent, etc. Events like Big 12 Championship Game, Billy Graham Crusade, Concerts, etc. the Chiefs get the rent off of those events. Best example would be say you rent a house from a landlord (Chiefs rent Arrowhead from Jackson County) and you then rent your house for a party (Major Event comes to Arrowhead) you collect all the profits from it but the landlord does not. Get what I am saying.
The only problem is if the Wisards move to a different city or find a smaller place to play.

I can't stand seeing scoccer markings on the field...

[KCTitus]

Since Chiefs have management rights to Arrowhead, they control the prices such as rent, etc. Events like Big 12 Championship Game, Billy Graham Crusade, Concerts, etc. the Chiefs get the rent off of those events. Best example would be say you rent a house from a landlord (Chiefs rent Arrowhead from Jackson County) and you then rent your house for a party (Major Event comes to Arrowhead) you collect all the profits from it but the landlord does not. Get what I am saying.

Um, no. I thought the owner of the stadium which is not the KC Chiefs control that rather it's the Jackson County Sports Authority or whatever it's called.

[ROYC75]

So he has free rent of Arrowhead soccer games, but can't make money ?

[KingPriest2]

Since Chiefs have management rights to Arrowhead, they control the prices such as rent, etc. Events like Big 12 Championship Game, Billy Graham Crusade, Concerts, etc. the Chiefs get the rent off of those events. Best example would be say you rent a house from a landlord (Chiefs rent Arrowhead from Jackson County) and you then rent your house for a party (Major Event comes to Arrowhead) you collect all the profits from it but the landlord does not. Get what I am saying.


You are still blind and deaf. You are seeing and hearing it incorrectly

[Hoover]

Um, no. I thought the owner of the stadium which is not the KC Chiefs control that rather it's the Jackson County Sports Authority or whatever it's called.
No I think ChiefsCountry has it correct.

Most Cities or Governments that own stadiums lease them to the teams.

For example the Iowa Cubs control everything at Sec taylor Stadium, and they pay the City a set amount a year for rent, but the ICubs control and rent out the stadium not the City.

When the team wanted a new baseball field, the team paid for it. but when improvements to the facility are wanted the City and the team have to come to an agreement.

[KingPriest2]

he Since Chiefs have management rights to Arrowhead, they control the prices such as rent, etc. Events like Big 12 Championship Game, Billy Graham Crusade, Concerts, etc. the Chiefs get the rent off of those events. Best example would be say you rent a house from a landlord (Chiefs rent Arrowhead from Jackson County) and you then rent your house for a party (Major Event comes to Arrowhead) you collect all the profits from it but the landlord does not. Get what I am saying.


What you think once the Wizards are sold they are going to play there all the time? No he wants the new owners to builld a SSS. If not they are moving.

There is more to this then what is being shown. Look beyond what he was saying.

He bankrolled the Columbus stadium and part of the Dallas SSS. Why not here? HE even stated he does not want to bankroll a stadium here. He wants us to pay for it. HMM Interesting isn't?

So if he wants to address Arrowhead then why is he bankrolling these other stadiums and also why is he not selling these other stadiums? He built the Columbus stadium in 99. He could have built one here.

[ChiefsCountry]

he


What you think once the Wizards are sold they are going to play there all the time? No he wants the new owners to builld a SSS. If not they are moving.

There is more to this then what is being shown. Look beyond what he was saying.

He bankrolled the Columbus stadium and part of the Dallas SSS. Why not here? HE even stated he does not want to bankroll a stadium here. He wants us to pay for it. HMM Interesting isn't?

So if he wants to address Arrowhead then why is he bankrolling these other stadiums and also why is he not selling these other stadiums? He built the Columbus stadium in 99. He could have built one here.

Why build a new stadium when you have control of the current one that you have? That is why he didn't do it here, also if he built a new stadium for the Wizards, then people would assume he would do the same for the Chiefs which in reality he does not have the money to build a NFL stadium. Soccer stadiums cost around 30 to 40 million which he could do, but not the 500+ million for a NFL stadium.

[redbrian]

he


What you think once the Wizards are sold they are going to play there all the time? No he wants the new owners to builld a SSS. If not they are moving.

There is more to this then what is being shown. Look beyond what he was saying.

He bankrolled the Columbus stadium and part of the Dallas SSS. Why not here? HE even stated he does not want to bankroll a stadium here. He wants us to pay for it. HMM Interesting isn't?

So if he wants to address Arrowhead then why is he bankrolling these other stadiums and also why is he not selling these other stadiums? He built the Columbus stadium in 99. He could have built one here.

If BiState would have passed I think Lamar would have built a Soccer field, since it did not he will take that money and the money he was laying out on the Wizards and plow it into Arrowhead if he gets the lease updated to be even more favorable to the Hunt group (my opinion only).

[Ultra Peanut]

So he has free rent of Arrowhead soccer games, but can't make money ?That's why this is a shot across the bow (in regards to Bi-State II and future stadium funding) as much as and more than anything.

[KCTitus]

No I think ChiefsCountry has it correct.

Most Cities or Governments that own stadiums lease them to the teams.

I understand that it is leased to the Chiefs, that makes sense. But does the Chiefs organization then 'sub lease' it to all the other events that go through that stadium?

If that's really the case, then so be it...just doesnt make much sense.

[KingPriest2]

Why build a new stadium when you have control of the current one that you have? That is why he didn't do it here, also if he built a new stadium for the Wizards, then people would assume he would do the same for the Chiefs which in reality he does not have the money to build a NFL stadium. Soccer stadiums cost around 30 to 40 million which he could do, but not the 500+ million for a NFL stadium.



The MLS wants SSS. IF he would have built it he would have control. People would not assume that because he does not have a prior history of building NFL stadiums as he does with SSS, Also the costs are very small in building a SSS as opposed to a NFL stadium. He also has a lease with the County so he cannot get out of it.

You asked why build a new stadium when you have control of a the current one you have, He built the ones in the other cities and he has total control..

[Hoover]

I understand that it is leased to the Chiefs, that makes sense. But does the Chiefs organization then 'sub lease' it to all the other events that go through that stadium?

If that's really the case, then so be it...just doesnt make much sense.
Yes they Sub lease it out. if they County did it, then the Chiefs would only rent it for the weeks they have games, which would not be a good deal for the county

[ChiefsCountry]

You asked why build a new stadium when you have control of a the current one you have, He built the ones in the other cities and he has total control..

The other cities he didn't have control of the Cotton Bowl or Ohio Stadium. I'm saying at Arrowhead, Hunt has complete control over it already.

[KingPriest2]

The other cities he didn't have control of the Cotton Bowl or Ohio Stadium. I'm saying at Arrowhead, Hunt has complete control over it already.


That does not matter. In order for the team to survive in the MLS the team needs a SSS. He built the stadiums in the other cities. He knows the Wizards can't compete in Arrowhead. So what that means is a SSS has to be built if they are going to be succesful here. He stated he won't bankroll it here but he did in the other cities.

[ChiefsCountry]

That does not matter. In order for the team to survive in the MLS the team needs a SSS. He built the stadiums in the other cities. He knows the Wizards can't compete in Arrowhead. So what that means is a SSS has to be built if they are going to be succesful here. He stated he won't bankroll it here but he did in the other cities.

I know Hunt knows they need a SSS, that is why he is putting the burden on somebody else. And in the other markets, Hunt doesn't own the number one sports team in the market either, which makes his decision for the Wizards here harder.

[KingPriest2]

For those that aren't aware, this is a flat out lie.


“It is my belief that it will … not be feasible for the Wizards to succeed without (a soccer-specific) facility,” he said. “Playing at Arrowhead has introduced the sport to the community and allowed us to attract women's national team games and a men's World Cup qualifier a few years back. It made those events possible.

“But the sport plays better in a 20,000-seat stadium. It is my opinion that (any future owner) should not stay (in Arrowhead) in the long term.”

Hunt already has built soccer-specific stadiums for his two other MLS franchises. Crew Stadium in Columbus opened in 1999 and cost $28.5 million. A brand-new soccer-specific stadium in Frisco, Texas, a suburb of Dallas, will open next season at a stated cost of around $40 million.

By the 2007 season, the league is hoping at least eight of its 12 teams will be playing in such stadiums. Hunt has said repeatedly that he is not interested in building a stadium in Kansas City with his own money.


Is this a lie? Brian you can see this is not a lie. So if he is not interested in building a SSS with his own money then who does pay for it?

[KingPriest2]

Here's a shot in the dark... the new owners? Y'know... his stated reason for selling the team?

You claim Lamar Hunt has stated that he wants taxpayers to pay for it. Produce a quote where Lamar Hunt states he wants a taxpayer funded SSS in KC.


Then why is he selling the team? You are missing the point he built the other stadiums. What is the difference of here and there? Think about it.

[redbrian]

Then why is he selling the team? You are missing the point he built the other stadiums. What is the difference of here and there? Think about it.

He is selling the team to free up capital to plow into Arrowhead, since the BiState II failed.

He can do one of the two but not both.

[KingPriest2]

He is selling the team to free up capital to plow into Arrowhead, since the BiState II failed.

He can do one of the two but not both.


Then why is he spending money down in Dallas. He has the money.

[KingPriest2]

I love this part. The post you quoted says that his stated reason for selling the team is so the new owners will build them a stadium.

It's not like my posts are all that long... and yet, you still can't manage to absorb them.


Whatever.

[beavis]

That's why this is a shot across the bow (in regards to Bi-State II and future stadium funding) as much as and more than anything.
Exactly. This is Lamar posturing to get paid off.

[Logical]

The other cities he didn't have control of the Cotton Bowl or Ohio Stadium. I'm saying at Arrowhead, Hunt has complete control over it already.

I am admitting I have doubts about the accuracy of this statement. Do you have a link to a site that will show evidence that the Chiefs organization makes ALL the money of other other events?

[KingPriest2]

I suppose you have some sane explanation for responding to a post that states he is selling the team so the new owner will build a stadium with, "Why is he selling the team?"

I'll grant that Lamar could be completely FOS. But, even if he is, it doesn't change the fact that you're a moron.


ROFL Whatever.

[redbrian]

Then why is he spending money down in Dallas. He has the money.

I'll try this slow and simple.

Arrowhead needs to be updated.

BiState II failed.

Lamar needs capital to update Arrowhead.

He recives capital with the sale of the Wizards, plus does not have the expenses asociated with the running of the Wizards in 05 and outlaying years, which frees up capital.

He can only fund so many projects, his pockets are not bottemless.

[Logical]

The Chiefs, dipshit. Just as he stated himself.

I can't believe this is happening all over again.

Brian, why does owning the Chiefs here make it not feasible to build a soccer stadium here. The two venues appear to not be in competition with each other. If he could afford to build such venues in other locations they would have impacted his overall finances similarly and therefore the Chiefs.

I admit I am not getting your point.

[Logical]

I'll try this slow and simple.

Arrowhead needs to be updated.

BiState II failed.

Lamar needs capital to update Arrowhead.

He recives capital with the sale of the Wizards, plus does not have the expenses asociated with the running of the Wizards in 05 and outlaying years, which frees up capital.

He can only fund so many projects, his pockets are not bottemless.
I really doubt Lamar is going to get back even what he has invested in the Wizards let alone actual working capital. Most likely the buyer is assuming the debts of the Wizards organization since it has never made money and the operational expenses. I certainly doubt that he is going to make the kind of money that would be required to upgrade Arrowhead as even the Royals are barely worth more than that amount of money.

[Skip Towne]

What is realy good is that a sport as goofy as soccer can cause a big deal like this. Hahahahahahaha!!

[redbrian]

Brian, why does owning the Chiefs here make it not feasible to build a soccer stadium here. The two venues appear to not be in competition with each other. If he could afford to build such venues in other locations they would have impacted his overall finances similarly and therefore the Chiefs.

I admit I am not getting your point.

The check book is not limitless.

Now I am making some assumptions here, but my position is that he can not fund the Arrowhead project and the Soccer Stadium project fully in the Kansas City Metro area. In addition to outlaying money on the Wizards.

He was committed to plug a big chunk of change into Arrowhead if BiState passed. He now will have to fund the entire project. This eats up any funds which he may have had to fund a soccer stadium and maintain the Wizards.

[KingPriest2]

I'll try this slow and simple.

Arrowhead needs to be updated.

BiState II failed.

Lamar needs capital to update Arrowhead.

He recives capital with the sale of the Wizards, plus does not have the expenses asociated with the running of the Wizards in 05 and outlaying years, which frees up capital.

He can only fund so many projects, his pockets are not bottemless.


I know how it works. I do work in the business world. I do have a economic and finance degree.

[Logical]

It's the timing. He has stated that the Chiefs stadium situation is his number 1 priority right now. He wants the Wiz to have their own stadium sooner rather than later. Apparently taking on both project simultaneously would be too much of a burden. (Not to mention the obvious cash benefits of dumping one team that have already been mentioned.)

Whether Lamar is telling the truth or really has other intentions is certainly debateable. But that much is taken directly from his comments.

If I actually believed their was cashout value to the Wizards I would agree with this point. As to making it his personal priority, maybe, but I have my doubts he personally actually invests very much time in anything at this point in his life.

I would agree if you want to take his statements at face value you are correct. But we would have nothing to discuss on any subject if we were to take all statements at face value.

[KingPriest2]

The check book is not limitless.

Now I am making some assumptions here, but my position is that he can not fund the Arrowhead project and the Soccer Stadium project fully in the Kansas City Metro area. In addition to outlaying money on the Wizards.

He was committed to plug a big chunk of change into Arrowhead if BiState passed. He now will have to fund the entire project. This eats up any funds which he may have had to fund a soccer stadium and maintain the Wizards.


And yet he is funding other projects as well. Like the FC Dallas stadium.

[Logical]

You think the Wizards have a negative value? I mean.. I don't know that you're wrong.. but, I just find that take interesting.

I think negative value is relative, a soccer team does not own anything other than players rights and a minor amount of equipment. Because of the way the MLS is structured even player rights are not a given. The team is said to have lost money since its inception, now since Lamar is a billionaire it is highly likely he financed those losses out of his own fortune. So the debt is to Lamar himself. If you want to say he will recover some of his previously expended funds I would not argue but actually creating wealth is extremely unlikely in this situation.

[redbrian]

“The team had committed $50 million toward stadium renovations pending passage of the $1.2 billion bistate tax, which would have committed $180 million to a new shell of concourses around the seating bowl at Arrowhead Stadium.

"Relating to Kansas City, it is my belief that it will similarly not be feasible for the Wizards to succeed without such a facility," Hunt said in an announcement posted to the team's Web site. "I must confess that I did not fully recognize this as a primary need when the league started."
He said the family would seek a local buyer in the short term, but would soon open the bidding to owners in other cities because "there is a time urgency to this subject" with 2005 schedule under development this month.

Any buyer would have to present a "doable plan" for a soccer-specific stadium, Hunt said. “

The Cost of a modest new Soccer Stadium is around $25 million, the price of Soccer teams has run from $5 million (paid in 1998 for the Chicago Fire) to $26 million paid in 1999 for the LA Galaxy.

The Dallas stadium will open this spring at a cost of $40 million.

[ChiefsCountry]

Ok lets clear some things up about this matter:

1. Wizards needs a SSS stadium, Lamar owns three teams and two stadiums expect the Wizards. In the Wizards market, he owns the biggest sports franchise which needs a new renovation/stadium. If he puts up the money to build the Wizards a new stadium, it would look bad on his part when he is asking for money to rebuild Arrowhead. Alot of people would look at it as, if he built his soccer team a stadium then he should for his football team.

2. Chiefs and Royals control their stadiums. That is one of the things that both teams wanted when they were first opened. Jackson County does own the two stadiums, but are sub-leased out to the teams. Example - A business rents a warehouse from a landlord, the business then has another business rent one of its offices at the warehouse as well but the money goes to the business not the landlord since they have control over the building that they are renting. That is what is going on between the Chiefs with Arrowhead and Jackson County.

[Logical]

...

...
2. Chiefs and Royals control their stadiums. That is one of the things that both teams wanted when they were first opened. Jackson County does own the two stadiums, but are sub-leased out to the teams. Example - A business rents a warehouse from a landlord, the business then has another business rent one of its offices at the warehouse as well but the money goes to the business not the landlord since they have control over the building that they are renting. That is what is going on between the Chiefs with Arrowhead and Jackson County.

OK I will ask you for a link that proves the item above. I believe the Chiefs and the Jackson County Sports Authority have a predetermined split of revenue for use of Arrowhead and that the JCSA gets the much bigger portion of the split. This thread is the first time I have ever heard the Chiefs get ALL the revenue.

[ZootedGranny]

Well, at least maybe now Lamar will put in some Fieldturf. I know a year or so ago he said he wanted to, but he was told by the MLS that they do not allow their games to be played on the fake stuff.

[ChiefsCountry]

Well, at least maybe now Lamar will put in some Fieldturf. I know a year or so ago he said he wanted to, but he was told by the MLS that they do not allow their games to be played on the fake stuff.

I wish we had it, FieldTurf looks good and it is very good to play on.

[Ultra Peanut]

Well, at least maybe now Lamar will put in some Fieldturf. I know a year or so ago he said he wanted to, but he was told by the MLS that they do not allow their games to be played on the fake stuff.Actually, Giants Stadium has FieldTurf. It's shit for soccer, but the Metrostars have no other real options (aside from getting their own stadium, which they're working hard to try to do).

[ChiefsCountry]

Actually, Giants Stadium has FieldTurf. It's shit for soccer, but the Metrostars have no other real options (aside from getting their own stadium, which they're working hard to try to do).

We keep grass because international soccer rules say no to it. It is so we can get a US Women's or Men's game.

[Skip Towne]

So the soccer pussies are dictating what surface the Chiefs play on. Nice. I'm damn glad to have their fairy asses out of Arrowhead. They can go rent a high school stadium. That's all they can fill anyway.

[Rausch]

Once again, your post is strangely in line with Lamar's actual comments.

Clearly you're a gullible sheep. That explanation makes too much sense. It's too perfect. There's got to be a completely illogical nefarious plot behind this.

Rep.

[Ultra Peanut]

So the soccer pussies are dictating what surface the Chiefs play on. Nice. I'm damn glad to have their fairy asses out of Arrowhead. They can go rent a high school stadium. That's all they can fill anyway.OMG LAMAR IS A HOMERSECKSUAL!!!!!!!!!