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NFL oomph
The Buffalo Bills were sold in late 2014. As I recall, they sold for between $1.2 billion and $1.4 billion. At the time, Forbes valued the team at $935 million. In the 2015 list, they were the least valued team at $1.4 billion.— January 6, 2016 8:26 p.m.
NFL oomph
don bauder. No, actually. Before the bidding for the Clippers began, B of A had placed their value at between $1 billion and $1.3 billion. Btw, the second-highest bid was $1.6 billion. Balmer went in at $2billion because he wanted to own a basketball team and has even said publicly he didn't care if he paid over their value.— January 6, 2016 6:28 p.m.
NFL oomph
ImJustABill In my opinion, that the Dodgers and Clippers sold at around $2B merely indicates that if you have enough money and want to own something bad enough, value and how much someone will pay have nothing to do with each other. The last valuation had the Clippers valued at $1 billion less than the Lakers and only 80 percent of what Balmer paid for them. We will see how that changes when the new valuations come out in February.— January 6, 2016 11:38 a.m.
"Military age men" at San Diego's southern border
WOW!! Lot's of new posters here today. And they ALL just joined today. Pretty good odds that they are all the same person. Likely all sockpuppets. Well, the more the merrier!! HAHAHAHAHAHA— January 6, 2016 7:43 a.m.
NFL oomph
don bauder it has also been leaked by those inside the NFL that as of the relocation filing date, none of the three team have the necessary 3/4 majority owner votes needed to have their relocation approved. I would suggest that this possible $550 million relocation fee is simply a tool to soften the blow for at least one team whose relocation application will be rejected. An excuse for the NFL, as it were, to tell one, or possibly two teams that they are stuck where they are because they don't have the money. And as for financing the move by selling part of the team to raise the capital for the relocation fee, remember that the sale of ANY portion of the team has to be approved by the league and I have heard it reported that that the owners will not approve any transfer of ownership for relocation purposed unless it involves a majority of ownership, in which case it could take up to a year to vet and approve such a sale.— January 6, 2016 7:32 a.m.
NFL oomph
ImJustABill Seriously?? You actually believe that the Chargers value will at least double, possible almost triple, making them more valuable than both the Patriots and the Cowboys, just buy moving them to Los Angeles?? Again, seriously?? You need to look at the details oh how Forbes values the teams, not just what they value he teams at. When 2 teams share a market and/or a stadium, those values will be halved. I find it hard to believe that the Chargers sharing a stadium in the number 2 market would make them more valuable than a team playing in the number 1 media market. And that's not even considering the fact that the Chargers brand is worth less than one half that of the of the Jets and less than one third of the Giants. I can see the Chargers value increasing to $2 billion, possibly $2.25 billion, AFTER the stadium is completed and IF they play in the same stadium as the Rams. But more than $3 billion, maybe even $4 billion?? I would say not even close.— January 6, 2016 7:17 a.m.
City decks NFL proposal with lots of folly
So I guess those trips to Sante Fe and San Diego for an opera would qualify you as an opera fanatic, much like those football fanatics you often talk about.— January 1, 2016 10:23 a.m.
City decks NFL proposal with lots of folly
With the underlying (pun intended) contamination issues, would the city even be able to anything with the land, with out first remediating the contamination?— January 1, 2016 10:18 a.m.
City decks NFL proposal with lots of folly
don bauder I wasn't aware that Alex Spanos had died.. As far as I am aware, although he is mentally incapacitated, he is still alive. Being that the Chargers are at least 90% of the Spanos family wealth, it the kids wanted to sell their shares, at the right price, they wouldn't be losing much. And that is if, and a big if, mama Spanos could get the old dudes's estate plan changed. Seeing that he's still alive, if the plans have already been made, with him be mentally incompetent, would mama be able to cut the kids out? I don't know if she could or not. But as greedy as the Spanos family is, it would be one hell of a fight.— January 1, 2016 10:15 a.m.
City decks NFL proposal with lots of folly
As I recall, the kids own 15% each and the old folks own 36%. NFL ownership rules require a majority owner or group to hold at least 30 % of the team. If the kids wanted out, they could sell their stakes and regardless of what the old ones want, someone else would be in control.— December 31, 2015 2:43 p.m.