Bills to lose $10 million this year!!

[Ebenezer]

I don't know what to make of this yet.

Bills expect to lose - money

Losses as high as $10 million are anticipated next season under new NFL labor pact

By GENE WARNER
News Staff Reporter
4/13/2006

The Buffalo Bills made a profit last year, but less than $10 million, team officials say.

This year, under the National Football League's new labor agreement, they expect to lose money, somewhere between $5 million and $10 million. And Bills officials fear their financial situation may only get worse in the coming years.

In owner Ralph C. Wilson Jr.'s view, the culprit, besides this region's struggling economy and declining population, remains the NFL's new Collective Bargaining Agreement.

That's why Wilson stuck his neck out in two news conferences Friday and Sunday, painting a dark picture about the long-term viability of the franchise. On Sunday, he acknowledged he no longer could guarantee that he wouldn't sell or move the team.

"It's a terrible extension [of the labor agreement]," Wilson said Wednesday. "It's really going to impact Buffalo and the small-market teams. It is really going to hurt us." This off-season, Wilson has had more news conferences than the Bills had wins last season. While observers have wondered why he went public, some theorized that he was trying to rally other smaller-revenue owners to push for more favorable terms in the league's revenue-sharing plan.


the rest:

http://buffalonews.com/editorial/20060413/1006576.asp

[Stewie]

Re: Bills to lose $10 million this year!!

so why did we give guaranteed money to peerless?

did he need 48 sets of new wheels for the escalade?

[ICE74129]

Re: Bills to lose $10 million this year!!

I wish ralph would STFU already. We aren't going to go from Millions positive to millions negative.

Man Ralph just sell and STFU already.

[Mr. Pink]

Re: Bills to lose $10 million this year!!

I'd love to know how the Bills went from 38 million in operating income, Forbes figure not made up, to low single digits in one season. With NO changes at all done in between. Now we're gonna lose money? With the TV contract dollars going up, which paid for the players salaries already as it was. Color me confused

[DMBcrew36]

Re: Bills to lose $10 million this year!!

so why did we give guaranteed money to peerless?

did he need 48 sets of new wheels for the escalade?

yes.

[Mitchy moo]

Re: Bills to lose $10 million this year!!

I'd love to know how the Bills went from 38 million in operating income, Forbes figure not made up, to low single digits in one season. With NO changes at all done in between. Now we're gonna lose money? With the TV contract dollars going up, which paid for the players salaries already as it was. Color me confused

RW & his accouting team are confused.

[ryjam282]

Re: Bills to lose $10 million this year!!

Maybe that is the reason we aren't landing some of the bigger name expensive FA's this year. Ralph knows he will be in the negative so he just wants to make this year's loss as low as possible before really trying to sell next year and get out.....Who knows.

[Buckets]

Re: Bills to lose $10 million this year!!

Only 10 mil this past year? Slould we pass the hat? I wonder how much he made in his first year.

The key here is "Team officials say"

[lordofgun]

Re: Bills to lose $10 million this year!!

I don't buy it.

If they went back to the old unis with the standing buffalo, I might actually buy some merch.

[ryjam282]

Re: Bills to lose $10 million this year!!

I concur, I LOVED those old uni's last year....

[Pride]

Re: Bills to lose $10 million this year!!

so why did we give guaranteed money to peerless?

did he need 48 sets of new wheels for the escalade?

Escalade?? Don't you mean Pinto?

This team is pretty far away from being called an escalade!

[Iehoshua]

Re: Bills to lose $10 million this year!!

Peerless is the one with the Escalades, I don't think it was an analogy of the team.

[ICE74129]

Re: Bills to lose $10 million this year!!

Ralph and his guys are full of SH#@. FTY has posted several times the Forbes info where we had like 36 mill over or something.

This team MAKES money. I tell you the more Ralph *****es the bigger a hole he is getting himself into. If the NFL and the NFLPA call his hand and prove him wrong, then he really has lost all credibility as an owner.

He and the staff better make sure they are 100% correct on these things

[lordofgun]

Re: Bills to lose $10 million this year!!

So sell the freaking naming rights to the stadium, Ralph! That's a wasted 2 mil/year and who knows where else they are missing out? I don't feel sorry for anyone who isn't doing everything possible to maximize profits.

[ICE74129]

Re: Bills to lose $10 million this year!!

And per some other article that was posted this week, ALL teams get nearly 100 mill from the TV contract alone! That pays for our players right there.

I'm sorry, but ralph is way off base here. I agree some things need to be addressed, but still to this day I don't feel he fully knows what he is talking about in regards to the CBA.