You obviously don't understand what "making money" or "return on investment" means. Sorry, but operating profit is only one part of "making money" with a NFL team. The idea that "119 million a year would take 11 years and 7 months to recover initial investment" is incorrect and would only be justified if the VALUE of the asset DID NOT INCREASE ONE PENNY during that time.
Pegula has ALREADY made a LOT on the team and recouped his original investment some time ago when the value of the team topped $2.8B....double the $1.4B he paid for it.
The VALUE of that team he bought with $1.4 Billion has already produced a $2.3 BILLION "profit" (or "return") of his original investment....with the value of the team increasing from $1.4B to $3.7B (
some have the value pegged even higher)....that's is about a 10% rate of return, NOT EVEN CONSIDERING the yearly operating profit.
If one assumes a $100M operating profit per year for 10 years that pushes the rate of return up to 13%. While the increases in value for the team continues to rise ever higher.
Mr Pegula "recovered his initial investment" some time ago, as both increase in value (if he sold the team) and operating profit piles up and shows no end in sight (especially considering it's GUARANTEED income stream (that is ever increasing via TV contacts) and GUARANTEED LIMITED labor cost (due to CBA that limits payroll to per-determined percentage of sales....I know of no other business with this model)
As a small business owner in the past I would have LOVED to have this type of cushy,
RISK FREE business model.
In FACT,
the value of the Bills is expected to rise ANOTHER $2.3 BILLION in just four years, in 2028 to a whopping $6 BILLION!!!
I have no problem with Pegula raking in as much money as he can, nor do I have any issue with NFL teams ever increasing value. They deserve it for developing such a wildly popular entertainment venture that regularly enjoys about 95 of the top 100 rated TV programs every year.
BUT, he is getting
hundreds of million in public tax money already.....again, I don't have a serious issue with that since the Bills and a gem of a stadium reflects and promotes the Buffalo area positively and gives the people of WNY, NYS and fans all across the nation and world something to enjoy and support.
BUT, basically CRAPPING on the loyal fans who have put up with mostly a **** product for the majority of the teams 64 year existence, who support this team no mater WHAT....and disrespecting them squeezing ANOTHER $200 MILLION out of them (because he can) when he is reaping MASSIVE RICHES (on top of the already obscene wealth) seems a bit repulsively repugnant and selfish to the nth degree.