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

[CatMan72]

When did the Panthers claim they weren't making money?

[CatMan72]

Pretty bold to ask for public funds, I have to say.

No more or less bold than any other major corporation that asks CLT or the state for money (and it happens a lot).

[Stroupe-a-loop]

When did the Panthers plead poverty? They just asked for the money because they could get it and, allegedly, JR wants to tie the team to North Carolina permanently. Some of you people are:

[Happy Panther]

So how much did Jerry pay himself over those 2 years?

It's not clear. There were distributions to partners of like $12M plus another $7.5M. The other big mystery bucket is general and administrative expenses of around $59M which I am guessing includes staff salary including JR as well as any benefits he reaps. I'm not an accountant.

IF JR owns a $100,000 boat he isn't paying for it with his own cash.

Honestly the financial statements aren't that surprising or damning. We knew that if JR went low on salary he gets the difference.

[Happy Panther]

Think about these numbers

Then think about how much the salary cap is

Ok I did it. Now what??

[CatMan72]

Seriously, people act like it's some big surprise that an NFL team is making a good profit? LOL

JR isn't asking the city/state for the money because he needs it, he's asking the city/state for the money because he wants them to put a little more skin in the game in return for a 15 year guarantee that the team won't move.

With what other teams are asking taxpayers for, this is a paltry amount. The state govt. should embarrassed that they can't come up with 66 million... lets see their books.

[Gabeking]

Cams fault?

you nailed it!

[Firefox]

The 88%'ers gonna increase a bunch.

[Delhommey]

The only good welfare is corporate welfare.

[Lords0fPain]

So how much did Jerry pay himself over those 2 years?

How much is acceptable for a busniness owners to pay themselves? As long as thier employees checks cash, debts are paid, operating expenses are met, the rest is profit...for the owner...that is after all the purpose of owning a business.

[Happy Panther]

How much is acceptable for a busniness owners to pay themselves? As long as thier employees checks cash, debts are paid, operating expenses are met, the rest is profit...for the owner...that is after all the purpose of owning a business.

I own my own business and I am in it for the paychecks. Nobody else is sharing my risk.

[Lords0fPain]

Lol I love the jealousy comments.

This doesn't change a thing....more interesting than anything

Still don't want public money going to renovations

Fine, and when they leave for a city that will, I guess we won't hear a word about it from you..will we...

[Stroupe-a-loop]

Look, I'm not going to argue the perception that JR is greedy because:

1. he's an old white man, I think that's just what they start doing once their junk goes bad.

and

2. I don't really care.

But I don't think he ever misled people by saying the team is broke. I just don't remember him ever saying anything like "we can't afford to do it if the city doesn't and things will be horrible". He asked for it because he could, and he claims it's for a good purpose (tying the team to the region). Even if that's crap, I don't think he ever claimed to be too poor.

[Delhommey]

If they leave, they very well may come to Central Texas. I for one support it!

Seriously thought, he's a terrible owner. And by that I mean we haven't been to the playoffs since 2008.