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http://www.youtube.com/watch?v=rIDitCG3HOI
I didn't know where to put this so please move it if necessary.
I didn't know where to put this so please move it if necessary.
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According to Houston Texans' owner Bob McNair, the NFL needs a bailout, and NFL teams are running out of money.
When asked why teams were not spending on free agents, McNair replied, "Most teams are stressed economically and do not have the money."
In today's economy, this is a believable statement, even coming from one of America's richest men.
Bob McNair was wealthy long before the Houston Texanselectricity, real estate, and biotechnology investments gave him more than enough money to bring the league's 32nd team to Houston.
wahhhh wahhhh
i have only increased the value of my franchise $500 million in 8 years
wahhhh wahhhh
when we don't have football in 2011, you can thank McNair to a large extent
it seems like the other owners have money to bring in new players while retaining their own...what up McNair? what are they doing that you arent' doing? maybe they know that putting money into the product will deliver returns. i just hope McNair being the face of the greedy owners isn't going to hurt us in UFA and our own contract negotiations/talent recruiting. you gotta pay to play Bob....thought you would have learned after 8 years....but you hit 9-7...throw a freaking parade
is it just poor management or poor ownership...or both
i cant believe this guy is whining about money as an NFL owner...they are making money hand over fist on the TV deal alone
i guess 1/2 a billion in 8 years just isn't enough of a return on his investment...whatever Bob
its just pathetic for billionaires to yell poverty and ask for bailouts or rollbacks or whatever...just pathetic
Does the NFLPA trust the NFL in saying that is it really paying its fair share-60 percent?
The only number that the NFLPA knows concretely is the total revenue-the number used to calculate the salary cap. However, the number in question is how much of that total revenue is expenditure and how much is operating profit.
The only open books in the NFL are those of the Green Bay Packers-publicly held by shareholders (i.e. the people of Green Bay, Wis.). The Packers had an operating profit of $20.1 million in the 2009 fiscal year.
The Packers are a small-market team, ranking 17th in the NFL in terms of total worth.
Forbes estimates the operating income of the Washington Redskins, the second-ranked franchise, at $90.3 million.
But the NFLPA can't go off of Forbes' estimations and is forced to accept what the NFL says it owes. As the NFL continues to grow-exponentially by many estimations-the NFLPA has no idea what their share should be.
Is bob the only owner in the NFL or are there 31 others? I forgot .. ''
I took the whole article as what the owners as a whole were thinking ..
wahhhh wahhhh
i have only increased the value of my franchise $500 million in 8 years
wahhhh wahhhh
when we don't have football in 2011, you can thank McNair to a large extent
it seems like the other owners have money to bring in new players while retaining their own...what up McNair? what are they doing that you arent' doing? maybe they know that putting money into the product will deliver returns. i just hope McNair being the face of the greedy owners isn't going to hurt us in UFA and our own contract negotiations/talent recruiting. you gotta pay to play Bob....thought you would have learned after 8 years....but you hit 9-7...throw a freaking parade
is it just poor management or poor ownership...or both
i cant believe this guy is whining about money as an NFL owner...they are making money hand over fist on the TV deal alone
i guess 1/2 a billion in 8 years just isn't enough of a return on his investment...whatever Bob
its just pathetic for billionaires to yell poverty and ask for bailouts or rollbacks or whatever...just pathetic
One of the problems facing players is that they have VERY few options. In this case, most if not all the strength are with the owners. Yes players made a lot of $ are are multimillionaires, but players tend to also splurge and spend big $. How long can they really live large when they are not making any $? How much do they have in savings? Unless they were smart with their money or were in a Manning like contract, I am sure most if not all will have to make lifestyle adjustments.
In contrast many of the owners are BILLIONAIRES. They can easily ride out the storm and not have to make any real lifestyle changes. The other issue to consider is the players have no other football options. If their skill is playing football, where else can they go? Outside of the CFL and AFL II, what other football leagues are there? If you were a doctor and you did not like the working conditions at your hospital, after your contract was through, you could pick up and go to another hospital. If you are a WR, you don't have a lot of options available.
Just did the math if the Franchise is worth $1.2 Billion, then a 5% return on investment would be $60 million. So if the Skins are 2nd and bring in $90 million and the Packers are bringing in $20 million and are 17th, I would say that it's a good guesstimate for his profit would be around $60 million. A 5% profit from your investment is not really excessive.
I wouldn't feel bad for McNair if he was barely making a profit, but on the flip side I don't fault him for making millions. The NFL is not a charity.
I'm all for the players making every thing they can, but they are employees, and although they take a risk with their bodies and thus their careers, the employer is the one with all the exposure. If something were to happen and the Franchise was sued (I know this is far fetched, but it's the point.) who would pay, Bob, or the Players? Bob, would and could theoretically be bankrupted, while the players, and coaches would walk away to continue on.
This society needs to get it's hands out of each others pockets. Unless someone that is rich is taking advantage of people then they can do what ever the hell they want.
Who owns the Packers?
The people of Green Bay? Wow. That sounds pretty frickin' kickass to me...
That doesn't mean joe shmoe can walk into Ted Thompson's office and demand they trade their 1st rounder for Steven Jackson... its like shareholders in stock...
Who owns the Packers?
The people of Green Bay? Wow. That sounds pretty frickin' kickass to me...
BoB is one of the leaders of the pack when it comes to the new CBA.
If there's not football in 2011. Uncle BoB will have had a major hand in a NFL less 2011.
I guess 500 mil in 8 yrs isn't enough of a return on his $.
Greed is good. NOT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
LOL
He was also central to striking the deal last time around. He came up with the compromise that brought owners like Ralph Wilson into the fold in the 12th hour.
I wonder if you will be crediting Bob if and when a new CBA is reached before a lockout since he is "one of the leaders of the pack".
He was also central to striking the deal last time around. He came up with the compromise that brought owners like Ralph Wilson into the fold in the 12th hour.
I wonder if you will be crediting Bob if and when a new CBA is reached before a lockout since he is "one of the leaders of the pack".
I would absolutely LOVE it if I could just buy a 1/1000000000 of the team, does not matter that I would have zip influence, it would still be 'my' team!![]()
BoB is one of the leaders of the pack when it comes to the new CBA.
If there's not football in 2011. Uncle BoB will have had a major hand in a NFL less 2011.
I guess 500 mil in 8 yrs isn't enough of a return on his $.
Greed is good. NOT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
LOL
You kinda just did when you voted for the Houston Sports Association. You won/bought a piece of the billion and something public debt we absorbed by building the three, and now four stadiums with bond money. If you live in Harris county everyone and their grandchildren will be dead and gone before that debt is paid off. And just judging by the vigor applied to the public debt with the Astro Dome, it's up in the air whether it will ever be paid off.
Unfortunately I live in Denmark, so no Texans for me
Also, how would you feel if the team were on 'foreign' hands?![]()
I realize that. I'd still like to be a shareholder.That doesn't mean joe shmoe can walk into Ted Thompson's office and demand they trade their 1st rounder for Steven Jackson... its like shareholders in stock...
I realize that. I'd still like to be a shareholder.
Oh my, how cheap Bob is.
Ya he only put hundreds of millions into getting the city of Houston a team![]()
Unfortunately I live in Denmark, so no Texans for me
Also, how would you feel if the team were on 'foreign' hands?![]()