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Leaked NFL Documents: While Owner Cried Hardship, Carolina Panthers Had $112 Million Profit Over Two Years

philw5289

By philw5289,
in Carolina Panthers

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Kevin Greene Newbie

Kevin Greene

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.

“Although arguments have been made that the 17-year-old stadium has helped bring in revenue to the local and state economy, 88 percent opposed a state subsidy for the renovations, a view that held steady regardless of race, gender, age or party identification,” according to a release by the pollsters.

Gonna be even worse now.

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SCP Enthusiast

SCP

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Our sniveling whiney ass fan base is by far the worst thing about this franchise.

This. That and the fact that we live in the worst transplant area in the country. No other NFL franchise has to deal with the shear number of home team haters that the Panthers have to deal with. From white trash Cowboy and Steeler bandwagoners to the Redskin jock sniffers to the Buffalo and Ohio transplants, this team has an uphill battle.

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Chimera Collaborator

Chimera

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Owning an NFL team is high risk.

Not one team failed to turn a profit in the last decade.

Go ahead and rectify those two statements.

High risk?

You don't make business decisions with billions of dollars based on the past. You plan for the future. The NFL has grown exponentially over the past two decades.

When will it reach it's saturation point? It can't grow forever. At some point, it will begin to stagnate. Later, it will begin to contract.

Look how both the NBA and NASCAR grew in the 1990s and how quickly they began to stagnate.

That is why the NFL is considered high risk. Once this boom is over, then what? Since when has planning for the future been a bad thing?

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CatMan72 Enthusiast

CatMan72

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So it’s a big shock that a business valued at over a billion dollars made 112 million over a two year span?

Has anyone talked about the fact that JR was purposely stashing money away during this period to ensure that he could continue to pay all the team employees their full salaries for the duration of the lockout, while other much more valuable and profitable franchises were freezing pay and laying employees off? (cough, Redskins, cough)

Did anyone think the Panthers were asking for the money because they “needed” it? Keep in mind that the city approached the Panthers about contributing to whatever stadium renovations the Panthers had in mind because the city wants to make sure the team is tethered to Charlotte after JR’s death and the only way to do that is to make a significant financial investment.

How does this proposed plan impact me? I would have to pay an additional 1% tax on all the prepared food and drinks I buy in the city limits… WOW!

I’m more interested in finding out why the state doesn’t have 66 million to contribute… if the Panthers engaged in a fraction of the waste, fraud and abuse that takes place in our state government on a daily basis they would have gone out of business a long time ago. Since we’re looking at financial statements, let’s see the state’s financial statements for the same period of time and ask ourselves why they don’t have 66 million given all the tax revenue they brought in?

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CLEARHOT Newbie

CLEARHOT

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100 Million....that's how much NC is giving Met Life in Tax incentives to move to Charlotte. I know that some of you will say "They are providing a Bazillion jobs"!.......But because you hate JR so much the Met Life deal is okay. Some of you idiots act like JR has a gun to your head, demanding your wallet.. Here's an idea: Go dig out your Steelers/Cowboy shirts, go away and quit bitching..

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CLEARHOT Newbie

CLEARHOT

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100 Million....that's how much NC is giving Met Life in Tax incentives to move to Charlotte. I know that some of you will say "They are providing a Bazillion jobs"!.......But because you hate JR so much the Met Life deal is okay. Some of you idiots act like JR has a gun to your head, demanding your wallet.. Here's an idea: Go dig out your Steelers/Cowboy shirts, go away and quit bitching..

Just to prove my point about Met Life

http://www.latimes.c...0,7702131.story

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Panthro Collaborator

Panthro

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100 Million....that's how much NC is giving Met Life in Tax incentives to move to Charlotte. I know that some of you will say "They are providing a Bazillion jobs"!.......But because you hate JR so much the Met Life deal is okay. Some of you idiots act like JR has a gun to your head, demanding your wallet.. Here's an idea: Go dig out your Steelers/Cowboy shirts, go away and quit bitching..

Why don't you go buy a cowboys/steelers jersey?

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