Re: PSLs… Who is buying?
There is NOTHING "incorrect" in my post. Nothing.
Of course the "value of the franchise is not realized until sold" but that IS THE ONLY POINT OF HOW TO CALCULATE "return on investment". That does not belie the FACT that Pegula's are set to make BILLIONS and BILLIONS from the value of the team that is increased every year.
Obviously, you have never owned a business nor ever had management profit/loss responsibility. I have. In several businesses.
I already said..."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."
Like many posters that cannot refute my posts on the merits you feel the need to misrepresent what I wrote. I NEVER SAID that Pegula got "free public money".
I stated a FACT...and even expressed support for that tax payer dollars when I wrote...."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."
Pegula IS, in FACT, getting hundreds of millions in public tax money".
Of course, though the lease, the public money eventually gets kinda, sorta paid back (without every detail of that lease on who pays what and when, it's still a substantial benefit to the Bills, for example the "state is on the hook for $100 million over 15 years to cover stadium maintenance and repairs....the country and the state authority created to oversee the stadium would be obligated to kick in $180 million over the 30-year lease for capital improvement") . Which is one of the reasons I do not have any problem with public money going into a project like this.
There is a LOT of opposition for any public money going into projects like this for billionaires playpens Especially when some stadium projects, like LA SoFi and NJ's MetLife stadiums have been built entirely with private money.
Anyway, I'm not one of them.
BUT, I also think that rich as **** billionaires like Mr. Pegula, who has a CASH MAKING MACHINE in the Bills, with the value of the team increasing exponentially seems a little greedy to, as I said already, basically CRAPPING on the loyal fans by squeezing them for every ****ing penny he can.
It is YOU that should "try to look past the end of your nose". If you truly "feel bad for season ticketholders." you would not whine about what I wrote.
Originally posted by Mace
View Post
Of course the "value of the franchise is not realized until sold" but that IS THE ONLY POINT OF HOW TO CALCULATE "return on investment". That does not belie the FACT that Pegula's are set to make BILLIONS and BILLIONS from the value of the team that is increased every year.
Obviously, you have never owned a business nor ever had management profit/loss responsibility. I have. In several businesses.
I already said..."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."
Like many posters that cannot refute my posts on the merits you feel the need to misrepresent what I wrote. I NEVER SAID that Pegula got "free public money".
I stated a FACT...and even expressed support for that tax payer dollars when I wrote...."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."
Pegula IS, in FACT, getting hundreds of millions in public tax money".
Of course, though the lease, the public money eventually gets kinda, sorta paid back (without every detail of that lease on who pays what and when, it's still a substantial benefit to the Bills, for example the "state is on the hook for $100 million over 15 years to cover stadium maintenance and repairs....the country and the state authority created to oversee the stadium would be obligated to kick in $180 million over the 30-year lease for capital improvement") . Which is one of the reasons I do not have any problem with public money going into a project like this.
There is a LOT of opposition for any public money going into projects like this for billionaires playpens Especially when some stadium projects, like LA SoFi and NJ's MetLife stadiums have been built entirely with private money.
Anyway, I'm not one of them.
BUT, I also think that rich as **** billionaires like Mr. Pegula, who has a CASH MAKING MACHINE in the Bills, with the value of the team increasing exponentially seems a little greedy to, as I said already, basically CRAPPING on the loyal fans by squeezing them for every ****ing penny he can.
It is YOU that should "try to look past the end of your nose". If you truly "feel bad for season ticketholders." you would not whine about what I wrote.
Comment