ChiefsPlanet - Football Dan Snyder officially out of the NFL

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Dan Snyder officially out of the NFL (https://chiefsplanet.com/BB/showthread.php?t=349442)

Washington Wallabies.

Quote:

Originally Posted by DJ's left nut (Post 17024088)

Bought 'em for $800 million.

Now don't get me wrong, figures that large carry debt service, but they also get VERY good rates of return. 800 million at 10% would double roughly every 7 years and so he actually yielded LESS than a 10% annual ROI (which would've yielded in the $9 billion range over his 25 years of ownership) But that also assumes only break-even revenues on a year to year basis and that's almost certainly not the case.

Now a 10% ROI isn't easy to get, but remember what they say - "How do you make a large fortune? Start with a small one..." When you starting with $800 million in liquidity, it's more doable than you realize.

I mean, I get what youre saying. But it means that despite horrible performance for decades and all kinds of legal shit that forced him to sell at rock bottom, the worst you can say is he generated an average return.

So the absolute worst of the worst floor is average profit and the ceiling is massive riches. gotta be one of the safest investments imaginable. There's gotta be some skin in the game for owners. Cities shouldn't be handcuffed to the owner who has no accountability for bad performance.

I'm happy for Washington fans. Snyder was the worst owner in the NFL without a doubt.

Don't worry, Detroit. All you need is for the Ford family to murder someone them thumb their nose at the legal process and there's an outside chance you might finally get an owner who knows how to win.

I’ve got a lot of family in the DMV who were huge Redskins fans who had completely checked out over the last decade. I haven’t even heard anyone talking about this much, but I know everyone is happy.

I hope they change the name to something better and right the ship a bit. They don’t bother us much in the NFC East and they’re more likable than the Eagles or Cowboys.

Whatever the new name is, they need to keep Major Tuddy.

Quote:

Originally Posted by Kiimo (Post 17026344)

https://pbs.twimg.com/media/F1hG-xiW...g&name=900x900

lol more names than all pros

Snyder made a $5 billion profit on the sale of the team after a quarter century of being the worst owner in professional sports.