Re: Gross Franchise Profit?
Quote:
Originally Posted by Fabbs
ShoogarBear I'll see if i can find it. Someone did a real study on how much the public gets back from forking over tax subsidies for multimillionaire team owners new stadiums. Bottom line it's load of choad how much the public benefits financially, -they dont. Owners-stadium hawkers also always like to schpeel how many jobs are created. Yet they don't like to publicise how much they are paying the stadium concessionaire workers or how its seasonal.
Yeah, I've seen a few of those reported. Nobody can prove that having a sports franchise significantly benefits a community in terms of bottom-line dollars. And it's annoying the way the teams beg for tax dollars when they need them, but then when it's convenient try to claim that they're a business just like any other.
Having said that, I certainly believe that San Antonio as a community is in a lot better shape because of the Spurs than if they never had them, or if they had left town in 1989 or 2001. I would argue on some level that it's analogous to having a good symphony, or zoo, or some other public/cultural attraction. The Spurs have supplanted the Alamo as the #1 thing people think about when they think of San Antonio.
Now if, for example, the Mavs were to leave Dallas, or the Bulls were to leave Chicago, I doubt that it would have very much impact on the city at all other than the hurt feelings and pride.
Re: Gross Franchise Profit?
Quote:
Originally Posted by Fabbs
Owners-stadium hawkers also always like to schpeel how many jobs are created. Yet they don't like to publicise how much they are paying the stadium concessionaire workers or how its seasonal.
Bingo.
Re: Gross Franchise Profit?
Quote:
Originally Posted by SlovenianGuy
Operating income means "earnings before interest, taxes, depreciation and amortization" or shorter EBITDA.
EBITDA is now being used instead of gross profit.
Earnings on what? Everything or just consessions?
122 mil revenue minues 67 player salaries.
Are they trying to buffaloe us into believing they have 45 million dollars of expenses leaving only 11 mil of profit? :lol
Re: Gross Franchise Profit?
Quote:
Originally Posted by SequSpur
The gate alone is around 100 million. If they can't make a profit with that amount plus parking, concession, tv, etc. then they should quit signing scrubs like butler, bonner, vaughn, white, elson and ely.
i'd have thought that you would learn by now - you know nothing about running an nba team and the spurs f.o. is very good at it. who's your next target, warren buffet? can you call bill gates completely incompetent? why don't you blast MIT for being a crappy school? it's pretty much what you are doing already.
Re: Gross Franchise Profit?
Quote:
Originally Posted by Fabbs
Earnings on what? Everything or just consessions?
122 mil revenue minues 67 player salaries.
Are they trying to buffaloe us into believing they have 45 million dollars of expenses leaving only 11 mil of profit? :lol
EBIT's usually used for operating income. Without delving into the intrincacies of financial reporting, they do have some overhead for team operations (coaches' salaries, front office salaries, scouts, travel, marketing, etc) and arena operations. But yeah, I'm not sure that approaches $45 mil.
Re: Gross Franchise Profit?
Quote:
Originally Posted by Marcus Bryant
The exit is where the pro sports franchise investor makes their $.
Exactly....How much did it cost to buy the franchise and what is it worth when sold......
Re: Gross Franchise Profit?
Speaking of public stadiums, SA made a great deal when they built the Alamo Dome (otherwise known as Cisnero's 2nd Folly) as a draw for the NFL and forgot about the necessity of parking spaces for large crowds.
