![]() |
|
|||||||
| Locker Room Main Forum Commanders Football & NFL discussion |
|
|
Thread Tools | Display Modes |
|
|
#20 | |
|
Playmaker
Join Date: Feb 2004
Location: Houston, Texas
Posts: 3,765
|
Re: Owners Vote to Opt Out of Labor Agreement
Quote:
Here is an example of an NFL owner that did not have enough cash flow as you talk about: Norman Braman in 1985 purchased the very talented Philadelphia Eagles football team for $65 million, borrowing most of the $65 million. Braman kept the team for 9 years , he was cash poor so he invested very little money in the team, but managed to pay himself a salary of $6 million a year from team money. In just nine short years later (1994) Braman sold the team to Jeffrey Lurie for $184 million. So Braman paid himself $54 million in salary those nine years, invested very little of his own money to upgrade the team and still managed to make an additional $119 million on the sale of the Eagles. So now Jeffrey Lurie who bought the Eagles in 1994 for $184 million, can now sell the team for at least $883 million, which is what is currently worth/valued recently. I do not think you need to feel sorry for the owners. |
|
|
|
|
|
|