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#1 |
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Join Date: Nov 2001
Casino cash: $-1827500
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The ruthlessness of making money will be the first thing people talk about for obvious reasons and that's all correct. But even in terms of the on-field product, I could see a world where if this happens, it will lead football into a baseball direction where a lot of the decision makers aren't football guys but businessmen. Leaning very much into analytics, GMs making decisions over coaches, etc... all the things you're seeing in baseball where the game is run by businessmen with ruthless efficiency. It'd be interesting to see how that played out.
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#2 | |
Hockey Town
Join Date: Apr 2005
Location: Kansas City, Missouri
Casino cash: $-652950
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#3 |
Banned!
Join Date: Sep 2000
Location: NOT Columbia, MO 65201
Casino cash: $-69806
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What, did Blackrock run out of family homes to buy?
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#4 |
The Insider
Join Date: Jan 2004
Location: Lake of the Ozarks
Casino cash: $-1521248
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Again this is being done because the NFL rules of one owner is being harder because franchise value's have skyrocketed. The amount of individuals that can write a check for six billion dollars is very very limited.
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Posts: 52,101
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#5 |
Hockey Town
Join Date: Apr 2005
Location: Kansas City, Missouri
Casino cash: $-652950
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Rich people are worth more money than ever before...just a lot of them have no interest in owning a sports team.
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#6 |
Veteran
Join Date: Sep 2019
Location: Red state
Casino cash: $0
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Who would be the face of the private equity ownership? Some figurehead? Or would they be under the radar?
Who would like to see Martin Shkreli be the face of an NFL ownership? |
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#7 |
sorta mod-ish
Join Date: Jan 2004
Location: KC North
Casino cash: $-158384
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This.......is a really bad idea.
How about these people looking to be the actual investors create an honest to goodness NFL minor league set of franchises endorsed by the NFL itself, and not some UFL amalgam put together from the remnants of the XFL and USFL by Dwayne Johnson's fever dreams to rule the entertainment industry? They can still get in on NFL bucks and lifestyles while promoting a league that can honestly be used by the league as an option to groom younger players that might not have made the splash in college that they were capable of? TL;DR - stop screwing with a product that doesn't need to be screwed with. |
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#8 | |
MVP
Join Date: Jan 2013
Casino cash: $-1933546
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#9 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $-870000
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You guys are blind and foolish.
Jets Browns Lions Panthers Redskins Cardinals Chargers Falcons Dolphins Raiders Giants Titans Texans Bears Packers Vikings Bills Cowboys Last 25 years or more, what success have they had on the field, drafting or other overall success. More than half the league. I'm not saying hedge funds will be better but for many franchises, it couldn't hurt. You guys have picked a villain and it's tainting your thought process. A billionaire can buy it as a hobby like Paul Allen or Arthur Blank or Ford Family or the Mara family. Maybe just maybe collective thinking could make some better decisions. Has every owner played football? Of course not but they run a football team. Football gets the fans these days no matter what shit they put on the field
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#10 | |
Banned!
Join Date: Sep 2000
Location: NOT Columbia, MO 65201
Casino cash: $-69806
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#11 |
Sauntering Vaguely Downwards
Join Date: Sep 2005
Location: Columbia, Mo
Casino cash: $-780901
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Problem with Hedge Funds is, near as I can figure it, they have a fiduciary obligation to maximize profit.
Granted, sometimes these charters will allow some flexibility, but the idea that you're going to write a shitload of checks, underwrite a year or two of losses and push your chips in for a shot at a 'ship doesn't really check out against what those fiduciary obligations tend to be. This feels like a terrible idea. And fellas - here's a hint: I don't care what Forbes says - if nobody wants to buy your team, it isn't 'worth' what Forbes says it is. If there's a shrinking pool of buyers because evals are too high, then maybe the problem is the evals, fellas. Because ownership groups writ large aren't new and they aren't a problem. By and large, they tend to work out fairly well and there's no shortage of very rich people that would like to be even 3-5% owners of an NFL franchise. UNLESS you've priced that franchise too damn high. And if you have, I'm not sure how a Hedge Fund can actually justify that purchase to its investors.
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#12 |
Veteran
Join Date: Oct 2008
Location: Arizona
Casino cash: $-87802
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"The NFL's ownership rules are widely regarded as being the most restrictive in professional sports. They require the lead investor of an ownership group to have at least a 30 percent equity stake in the purchase. No ownership group can exceed 25 people, including the lead investor."
I don't like the idea and for the NFL to play it up as "Teams are too expensive to buy and not enough rich people to buy them".... Maybe a team comes up for sale every 5 years on average? I think there are plenty of wealth out there to purchase 30% of a team to make it happen. |
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#13 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $-870000
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I think NFL Thursday Night Games are a worse idea than allowing private equity to buy a club.
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"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~ ![]() "The men who drafted Patrick Mahomes" ![]() |
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#14 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $-870000
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I also think part time refs are really foolish.
All the money the league gets, refs should be full time, highly trained, full time and taken care of.
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#15 |
Seeking the Truth daily
Join Date: Jan 2006
Location: In the Country in MO
Casino cash: $-1525691
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Imagine free enterprise in sports.
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"We read books for knowledge; We read the Bible for wisdom!" |
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