You very well may be right. But as of right now, we don't KNOW anything about what Stan wants. All we know is what we perceive based upon our observations. Who saw the last second jump in and buy the Rams out from under Kahn gambit coming? I think he likes keeping people guessing.
I did. Thought it was a no brainer in fact. I think the most surprised were the Bernies of the world but a lot of that might have been Bernie's obvious class envy and essentially being ostracized by the Rams.
Got to love men of integrity, huh?
You mean you know the city and the CVC were being men of integrity through this whole deal? Word is that they were not. I don't at all give them a pass in the blame department if Stan moves the team.
If he is a man of integrity, he'll do what he said he'd do... not do an about face just because it makes him more money... but just because that's what he said.
He actually never said he was keeping them there. But I do believe he was not happy to even have to make those statements at that time save for the fact he was being assassinated in the press.
NONE of us were privy to the negotiations with the CVC and city leaders. I have seen large businesses move out of an area even though they had infrastructure and investments in that area because the city/unions/county tried to play hardball. It just happened in Portland with a huge shipping outfit. They essentially told the Port/unions to go eff themselves and are pulling up stakes. The response? The Port tried to beg them to stay and the union withdrew their demands. The shipping company's response? It will just happen again in the future. We're gone.
I haven't looked, but I suspect revenues and income have remained at the same or perhaps better levels since he said those words. So, if that is true, then it is all about money... and Kroenke has to live with the fact he lied to a city and state.
You also are guessing. I'm not so sure those statements are anymore lies than in 2007 the CVC saying they would use the extra time to bring the dome to top tier. It was pretty obvious they did next to nothing during that time to try to make that a reality.
Yup.. he is failing... failing to put a winner on the field.
Yeah - not what I am seeing. This team and the entire organization is far stronger since he took over as majority owner.
I think he is a businessman first and foremost. He bought the team because he saw it as a good investment above all else. When a guy like that is ranked dead last in value/profit he is going to want to change things. The owners are competing on and off the field.
If St. Louis can put together something that makes sense in terms of dollars, building and potential profit ect. I think the Rams could well stay in St. Louis, but, it is an uphill fight.
The biggest block is the cost the NFL will assign to moving really....whats the time frame for return on cost ect.
Agree with this. And I've also seen some pretty mind boggling models for calculating ROI when there doesn't appear to be one.
In terms of making decisions based solely on a business plan, yes.
Stan probably has more interest in building a winner than Georgia did, but, that is/was probably secondary for both.
Georgia? Business plan? If taking every cent you could out of a franchise while investing as little as possible is a business plan then yeah - I guess I agree.
Anybody that knew he had the option to and how he worked to get a minority stake in the Rams and the first buy option would have known he was going to exercise that and buy the rest of the Rams.
Yeah - not sure how this was any kind of shocker. He was silent about it but I'm not sure how anyone could have been surprised at his move - including Kaan.
But again - take that wonderful corporation and kick them out of the league - and see what their team value is then.
Not happening. I can't say anything is guaranteed but the idea of the NFL trying this is about as close as it comes to being a guaranteed not happenin'.
Except everyone knew how hard he worked to get a minority stake, and everyone knew he had matching rights, but it surprised everyone when he did it. In hindsight, it was obvious, but when it happened it was like BAM!
I just don't get this. I followed the whole thing pretty closely. It just made perfect sense. You don't exercise that option until you know the other offer is solid and will not fall through. Then you buy at essentially rock bottom price. Who
wouldn't do it that way?
st louis made a promise to keep the stadium top tier, shouldn't they live up to it, perhaps that is why he is doing this, he no longer wants to work with st louis coz he don't trust them .
This may indeed be the case. Hope not but it does make some sense.
Well, when you obtain both organizations balance sheets, let me know.
Until then, relying on equity and not undestanding it's components is missing a lot of critical facts.
It's like comparing ten companies and only looking at net income and equity without looking at those important financial statements. Oh, and let's not forget the Statement of Cash Flows.
I'm pretty sure the people at Forbes can model with the best of them. They are not concerned with how much an owner pays his daughter to be a team "ambassador". How a team uses its gross profit is certainly difficult to figure when you get to the net income. I'm sure Jerruh has figured out a way to marginalize that gross profit in order to show the smallest net profit possible. Taking the gross profit is actually a pretty decent method for leveling the playing field.
The owners (by my reading of the bylaws) have to report their gross profit to the NFL auditors. The NFL is a 501 so they in turn have to make that information available. The bylaws do not state that the owners have to offer up their net profits IIRR.
The Raiders move happened and the league let it happen. Maybe that means that they really can't stop it, or maybe that is the poster child for why they know that they have to from now on.
The league did not LET the move happen. And can anyone name a time that they NFL actually stopped a team from moving? And before anyone mentions Seattle, the partnership that owned the shecocks at the time couldn't afford to own the team let alone fight a court battle. One of the owners was in the middle of bankruptcy and the partners sold the team to Paul Allen at fire sale pricing.
