Quote:
Originally Posted by Shields68
Sure it is private property. All governed by contracts. The cities contracted to pay x amount if the team moved there and built a stadium and played in it for y years. In this case I think the city covered 70 million of the 250 million to build Fed Ex. But it does not change the fact Snyder now owns the property which includes the stadium, team, equipment etc. The city received the increased tax revenue from the games, concerts and other sporting events for the last 25 years. Which probably total well in excess of the 70 million.
All the assets are privately owned. it seems like gee we do not like that guy so let's take his team is a bad precedent to start.
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But snyder has no downside risk. So he can weasel his way into getting tons of public investment. But he can’t lose money because of the nfls special arrangement that requires other owners to revenue share. All while getting away with a shitload in terms of not opening their books to see. They absolutely deserve a ton of scrutiny. And an owner who is failing this city should be somewhat accountable to the fans and the city, not owners in other markets. Owners are way too protected and that needs to change.
So when an owner thumbs his nose ar everyone showing how much he can get away with and the nfl is complicit in it, they open themselves up to scrutiny. At the very least any organization with a history of very very gross misconduct can certainly be open to scrutiny. If a private business is breaking rules left and right and are not held accountable that is plenty of reason for oversight. At the very least it doesn’t justify the outrage that Congress dare go there.