Jim Kelly to Bid on Bills with D Trump

[DraftBoy]

Re: Jim Kelly to Bid on Bills with D Trump

Those meetings and this committee about the proposed new stadium--you think they're discussing where the new owner will be allowed to spend his own money to build a stadium?

Wow.

You realize the Ralph Wilson Stadium isn't called that because he paid to build it, right?

No, can you please explain more about how basic economics work but only in crayons and pictures?

It's going to cost nearly a billion dollars when its all said and done to buy the Bills, and the new stadium is going to be close a billion as well. No matter how much you want to live in la-la land and think NYS is going to pony up big bucks for a WNY stadium they may get the same $200 million the Falcons just got from Georgia for their stadium. That still leaves roughly $800 million to be financed by the owner(s), maybe Erie County (or whatever County is ends up being in) does similarly to Fulton County and puts a Hotel/Motel tax in place to help finance part of it, but the tourism there isn't like the tourism in Atlanta so the assistance is probably minimal.

Finally you have to keep in mind what owning the new stadium for the owners means v. leasing it. With their ownership they will get the parking fees, they will get the rental fees for other events, and expos that come into town to use the facility. Otherwise that all goes back to the government. Hell they could even do something similar to what Blank did in Atlanta and make it a multi-use facility. Maybe have Toronto FC come and play an exhibition or two games in the new stadium a year to give the soccer community something to go and watch. Hell they could even ask for land around the stadium and build up the area for leasing out to restaurants, bars, and apparel shops. Not sure how much money that could make them, but if the tailgating area is going to be limited its a good alternative.

It would all be well and good if NYS just ponied up, bent over the taxpayers, and made you all pay for it, but I don't think that's realistic.

[WagonCircler]

Re: Jim Kelly to Bid on Bills with D Trump

No, can you please explain more about how basic economics work but only in crayons and pictures?

It's going to cost nearly a billion dollars when its all said and done to buy the Bills, and the new stadium is going to be close a billion as well. No matter how much you want to live in la-la land and think NYS is going to pony up big bucks for a WNY stadium they may get the same $200 million the Falcons just got from Georgia for their stadium. That still leaves roughly $800 million to be financed by the owner(s), maybe Erie County (or whatever County is ends up being in) does similarly to Fulton County and puts a Hotel/Motel tax in place to help finance part of it, but the tourism there isn't like the tourism in Atlanta so the assistance is probably minimal..

First of all, the stadium is not going to cost a billion dollars. Second of all, this is NEW YORK, not Georgia.

And finally, see the word above in red?

You're trying to mock ME about how economics work in the real world?

"Hi, I'd like to buy a stadium. What aisle are they in? I think I have enough cash in my bank account."

Grow the *** up.

By the way--Jerry Jones' team plays in the most expensive stadium in the NFL. His net worth is $2.7 BIL. Hey, he must have been digging deep into his couch cushions to come up with the cash for that!

[WagonCircler]

Re: Jim Kelly to Bid on Bills with D Trump

You know how much of his own money Robert Kraft (Net worth $2.3 BIL) put into funding Sullivan Stadium? That would be $350 MIL. And that's considered one of the highest amounts ever for "private funding" of a stadium.

Owner of the Ravens' net worth? $1.6 BIL. Arthur Blank, Falcons (since YOU brought them up) $1.5 BIL.

William Clay Ford was worth $1.1 BIL. Ever heard his last name? Look outside. It won't take you long to spot it.

Owners of the 49ers, Eagles, Chargers and many more NFL teams, including Daniel Snyder, also worth $1.1 BIL.

How EVER did they do this?

Do you suppose they took all their empty bottles back and destroyed the Coinstar machine at their local grocery store?

[Dr. Lecter]

Re: Jim Kelly to Bid on Bills with D Trump

Additionally I dont think Trump is enough to make this move happen. He's only worth 2.7 Billion and its going to cost close to $2 Billion alone to buy the team and build a brand new stadium. I'm not sure Trump has enough cash to make this move by himself. He may need another money man as well.

Of course he does not have enought cash. But banks would line up to loan the money. With the money he would make from the NFL he would be good on the payments. Not to mention carrying a debt load is good for tax reasons.His finances would not block the deal. Maybe be an ass would - but not the money.

Plus he would get something from selling his remaining interest (no matter how small) in his casinos.

[trapezeus]

Re: Jim Kelly to Bid on Bills with D Trump

but why would the NFL let an owner borrow, when its been pretty clear it wants a principal owner to be able to field the team debt free?

also, look at this article. Donald can talk about how the owners have respect for him, but apparently its a little different amongst the owners. Not a 100% rejection of him, but it's not a simple confirmation. The guy pushed the USFL on the NFL and lost. Even when you win the lawsuit, you tend to have bitter feelings for having to spend all that money anyways.

http://profootballtalk.nbcsports.com/2014/04/20/one-owner-says-trumps-confirmation-wouldnt-be-a-slam-dunk/?partner=ya5nbcs&ocid=Yahoo

[trapezeus]

Re: Jim Kelly to Bid on Bills with D Trump

You know how much of his own money Robert Kraft (Net worth $2.3 BIL) put into funding Sullivan Stadium? That would be $350 MIL. And that's considered one of the highest amounts ever for "private funding" of a stadium.

Owner of the Ravens' net worth? $1.6 BIL. Arthur Blank, Falcons (since YOU brought them up) $1.5 BIL.

William Clay Ford was worth $1.1 BIL. Ever heard his last name? Look outside. It won't take you long to spot it.

Owners of the 49ers, Eagles, Chargers and many more NFL teams, including Daniel Snyder, also worth $1.1 BIL.

How EVER did they do this?

Do you suppose they took all their empty bottles back and destroyed the Coinstar machine at their local grocery store?

They also didn't buy their teams in 2014. I don't know the sales prices they bought at, i would guess synder probably paid the most, but i think their % of NFL vs their total net worth was under 50%.

[YardRat]

Re: Jim Kelly to Bid on Bills with D Trump

I thought Trump won the lawsuit, but was awarded a paltry sum.

http://www.oursportscentral.com/usfl/trial.htm

On July 29, 1986, the United States Football League won the battle but lost its war against the National Football League. After five days of deliberation, the jury that heard the USFL's case against the NFL found the older league guilty of monopolizing professional football and of using predatory tactics but awarded the USFL just $1 in damages.

[Figster]

Re: Jim Kelly to Bid on Bills with D Trump

but why would the NFL let an owner borrow, when its been pretty clear it wants a principal owner to be able to field the team debt free?

also, look at this article. Donald can talk about how the owners have respect for him, but apparently its a little different amongst the owners. Not a 100% rejection of him, but it's not a simple confirmation. The guy pushed the USFL on the NFL and lost. Even when you win the lawsuit, you tend to have bitter feelings for having to spend all that money anyways.

http://profootballtalk.nbcsports.com...bcs&ocid=Yahoo

I look at it this way,

Donald Trump needs JK to make sure he's accepted by NFL owners.

JK needs Donald Trump to make sure the Bills stay in Buffalo.

It seems fairly obvious these guys are close friends, JK was just staying in Trumps private Condo in NYC while undergoing treatment.

The writing is on the wall in my opinion...

[Bill Cody]

Re: Jim Kelly to Bid on Bills with D Trump

http://www.forbes.com/sites/clareoconnor/2011/04/29/fourth-times-a-charm-how-donald-trump-made-bankruptcy-work-for-him/

Well if Trump does run the Bills even further into the ground at least he'll probably come out of that fine personally, so there's that

[DraftBoy]

Re: Jim Kelly to Bid on Bills with D Trump

First of all, the stadium is not going to cost a billion dollars. Second of all, this is NEW YORK, not Georgia.

Yea that's kinda my point.

And finally, see the word above in red?

You're trying to mock ME about how economics work in the real world?

Really? Banks don't just give out billion dollar loans to people? Well I'll be damned...

By the way--Jerry Jones' team plays in the most expensive stadium in the NFL. His net worth is $2.7 BIL. Hey, he must have been digging deep into his couch cushions to come up with the cash for that!

The Cowboys are also worth more than double the Bills...so maybe, just maybe he has more revenue to play with?

Do you have any actual numbers or data to add to the discussion?

[DraftBoy]

Re: Jim Kelly to Bid on Bills with D Trump

Of course he does not have enought cash. But banks would line up to loan the money. With the money he would make from the NFL he would be good on the payments. Not to mention carrying a debt load is good for tax reasons.His finances would not block the deal. Maybe be an ass would - but not the money.

Plus he would get something from selling his remaining interest (no matter how small) in his casinos.

He'd have to carry a lot of debt in the scenario you proposed. I'm not familiar enough with the Casino deals to know how much he financed for those, but I'd be interested to see how much debt he carried on those comparatively to the cost to build.

[DraftBoy]

Re: Jim Kelly to Bid on Bills with D Trump

I look at it this way,

Donald Trump needs JK to make sure he's accepted by NFL owners.

JK needs Donald Trump to make sure the Bills stay in Buffalo.

It seems fairly obvious these guys are close friends, JK was just staying in Trumps private Condo in NYC while undergoing treatment.

The writing is on the wall in my opinion...

I agree with this, they need each other.

[Historian]

Re: Jim Kelly to Bid on Bills with D Trump

On July 29, 1986, the United States Football League won the battle but lost its war against the National Football League. After five days of deliberation, the jury that heard the USFL's case against the NFL found the older league guilty of monopolizing professional football and of using predatory tactics but awarded the USFL just $1 in damages.

I know they're friends and all, but if I'm not mistaken, Kelly had to sue him to get his Generals money after the USFL folded, despite the fact that he never played a down for them.

Is that the type of person you want to be in business with, especially at those stakes?

Time will tell I guess.

[Guest]

Re: Jim Kelly to Bid on Bills with D Trump

Additionally I dont think Trump is enough to make this move happen. He's only worth 2.7 Billion and its going to cost close to $2 Billion alone to buy the team and build a brand new stadium. I'm not sure Trump has enough cash to make this move by himself. He may need another money man as well.

I guarantee you that the new owner of this team will pay less than 1/3 of the cost of the stadium in the Buffalo area.

The majority of the cost will be paid by taxpayers in one form or another.

[YardRat]

Re: Jim Kelly to Bid on Bills with D Trump

Don't forget the NFL will boot in about 150mil, maybe more.