May Day 10 Posted March 26, 2009 Share Posted March 26, 2009 You guys do realize that the team would still be run by a management team and not by a series of shareholder votes every Monday, right? Although I agree that would be more fun. Dammit, who voted for the JP roll out play on 3d and 4?!?! lol. live internet voting for sharholders for every play call. No, really, it would be relatively dry voting. Probably not even for coaching positions or GM positions. Mostly to elect 'the board' and how to allocate profits. Link to comment Share on other sites More sharing options...
VABills Posted March 26, 2009 Share Posted March 26, 2009 Actually, if you search through some articles regarding the recent Steelers ownership situation w/ the Rooneys you will see that the NFL requires 1 person to have at least 30% of the team... making them the majority owner... this story has a blurb about it http://www.post-gazette.com/pg/08316/926969-66.stm Interesting. So the next question would be if someone ha the 30% to put up, but otherwise would bankrupt the guy, who/how are bonuses paid especially in early ownership years before profit roles in? Link to comment Share on other sites More sharing options...
May Day 10 Posted March 26, 2009 Share Posted March 26, 2009 If you take the value of the team, you would have to raise approximately $900 Million Dollars. For one owner to own 30%, they would have to pay $270 Million. So if the NFL felt charitable enough to allow this, but made the stipulation that one person had to own 30%, 3,150,000 shares at $200.00/pop would have to be sold. But yeah. I guess if a large-investment owner were required, they would have to collect some return. Link to comment Share on other sites More sharing options...
/dev/null Posted March 26, 2009 Share Posted March 26, 2009 If you take the value of the team, you would have to raise approximately $900 Million Dollars. For one owner to own 30%, they would have to pay $270 Million. So if the NFL felt charitable enough to allow this, but made the stipulation that one person had to own 30%, 3,150,000 shares at $200.00/pop would have to be sold. But yeah. I guess if a large-investment owner were required, they would have to collect some return. 3,150,000 shares for 70% of an NFL team Figure $50M annual profits (and that's aiming on the high side) 30% goes to the principal owner (30% of $50M is $15M). Leaving $35M for the rest of the shareholders $35M / $3.15M = about $10 per year Yeah, that's worth a $200 investment But maybe we could pool all of those shares together into a Buffalo Bills Back Security, or BBBS. But BBBS doesn't have a catchy ring to it, there's too many B's. So let's just call it BS Then we'll sell our BS on Wall Street But what happens if the Bills move? We'll need some insurance to cover us After It's Gone So we'll make all kinds of money off our BS and have AIG Insurance to cover us Link to comment Share on other sites More sharing options...
Just Jack Posted March 26, 2009 Share Posted March 26, 2009 People in Rochester don't consider themselves from WNY. That's Buffalo. Rochester is sort of on the border between WNY and Central New York (and maybe even the Wine Region). Some people I know consider themselves WNYers, but I think others think Rochester is too good to be associated with Buffalo. I forgot about the Finger Lakes, I would have put Rochester in that instead of WNY. Link to comment Share on other sites More sharing options...
Sisyphean Bills Posted March 26, 2009 Share Posted March 26, 2009 Yeah. Wall Street. Land with all the answers. Link to comment Share on other sites More sharing options...
Leonidas Posted March 27, 2009 Share Posted March 27, 2009 Upstate New York isn't a term someone from the Buffalo would use to describe the area. It is Western New York. Geography lesson: The way I've always understood it, growing up and living in the Syracuse region.... Buffalo and Rochester is Western NY Binghamton, Corning, Bath, Olean is the Southern Tier Cortland north to Oswego County is Central NY Watertown to the Thousand Islands is Northern NY Albany is the Capital Region Utica to the border between New York and Canada is the Adirondacks South of Utica to the Tappen Zee bridge is Upstate South and east of the Tappen Zee is New York City Now having worked with a guy that grew up on Long Island, he says everything north of the Tappen Zee is Canada. Sounds about right. But yeah, anyone who grew up and stayed in NY for more than a couple years knows that buffalo is not upstate. I have continually argued that "Upstate" is fairly useless as a specific geographic designator, as it is used by the media, and those from the NYC area, to mean "any part of New York State outside the City, LI and maybe Westchester County. So, basically, "upstate NY" is used to mean virtually all of NY State, geographically. It represents a shorthand that roughly translates to "the who gives a crap part of NY State". People in Rochester don't consider themselves from WNY. That's Buffalo. Right. Ra-cha-cha is SMUGTOWN. Are you East River or West? PTR I thought I was the only one who thought that. Rochester is sort of on the border between WNY and Central New York (and maybe even the Wine Region). Some people I know consider themselves WNYers, but I think others think Rochester is too good to be associated with Buffalo. Sounds about right. But yeah, anyone who grew up and stayed in NY for more than a couple years knows that buffalo is not upstate. And based on your comments about Labatts, Duff's and Zubas those of us who grew up in the Rochester/Buffalo/Niagara Falls have one question for you. Do you sit down when you pee? Rack 'em! So a Bostonian who likely is a patriot fan, who doesn't know where western NY is and comes here talking crap. Go away Tbone. I'm sorry if this comes off as "smug" (although I'm not from Rochester), but would you people please shut the !@#$ up?? Look at the thread title: "a publicly traded team," and you jackasses have hijacked the thread to talk about beer and geography. Jesus Christ... Link to comment Share on other sites More sharing options...
Leonidas Posted March 27, 2009 Share Posted March 27, 2009 All those fatcats in "WNY" would have to do is raise $800-900 million. Should be easy. The anti-trust exemption will never be challenged seriously. Never. If it went away, the Bills would disappear as a franchise, because each team would be free to negotiate their own TV contracts. There would be no revenue sharing. This is a dumb idea. Yeah, and blacks said the same thing about the 13th amendment when they were in the fields picking cotton. Then they said the same thing until Rosa Parks wouldn't give up her seat. "It's a dumb idea." Actually it's a great idea, and if you really were a fan you'd do what you could to see it come to fruition. Sorry if it isn't the "investment vehicle" you were looking for, but ask any true fan of the Green Bay Packers if they really mind. it doesnt seem to work (at least in the Packers' case) that it is an investment so to speak. You own the team, the shares dont increase in value and you cant sell. The profits go directly back into the team. Some 'heavily invested' parties would probably act as the CEO. Shareholders would vote on certain issues, probably along the lines of where to invest the revenues. so all you would get for the 'investment' is the bragging rights you are part owner, and voting rights. Thank you for explaining it. Not sure why it's so difficult to comprehend. It's not about being an investment, it's about taking the utmost pride in your team and doing what any other fan would beg to be able to do. You guys do realize that the team would still be run by a management team and not by a series of shareholder votes every Monday, right? Although I agree that would be more fun. Dammit, who voted for the JP roll out play on 3d and 4?!?! I assume all of this talk is sarcasm, right? It's not like the Packers voted on what to do with Favre. Link to comment Share on other sites More sharing options...
The Dean Posted March 27, 2009 Share Posted March 27, 2009 I'm sorry if this comes off as "smug" (although I'm not from Rochester), but would you people please shut the !@#$ up?? Look at the thread title: "a publicly traded team," and you jackasses have hijacked the thread to talk about beer and geography. Jesus Christ... Actually, that discussion made the thread somewhat worthwhile. And beer discussions are never out of order, IMO! Link to comment Share on other sites More sharing options...
Leonidas Posted March 27, 2009 Share Posted March 27, 2009 Actually, that discussion made the thread somewhat worthwhile. And beer discussions are never out of order, IMO! Then start your own god damn beer thread... Link to comment Share on other sites More sharing options...
Magox Posted March 27, 2009 Share Posted March 27, 2009 Then start your own god damn beer thread... bad day at work? Link to comment Share on other sites More sharing options...
Leonidas Posted March 27, 2009 Share Posted March 27, 2009 bad day at work? spine surgery this morning, sorry... Link to comment Share on other sites More sharing options...
The Dean Posted March 27, 2009 Share Posted March 27, 2009 spine surgery this morning, sorry... Tough break. Shouldn't you be mellowed out on narcotics? Link to comment Share on other sites More sharing options...
taterhill Posted March 27, 2009 Share Posted March 27, 2009 ahhhhh...parts of this thread take me back to the glory days of this board.....ridiculous arguments about nothing for 125 pages......usually involving BF Link to comment Share on other sites More sharing options...
Leonidas Posted March 27, 2009 Share Posted March 27, 2009 Tough break. Shouldn't you be mellowed out on narcotics? They seem to have worn off apparently... Link to comment Share on other sites More sharing options...
Mr. WEO Posted March 27, 2009 Share Posted March 27, 2009 Yeah, and blacks said the same thing about the 13th amendment when they were in the fields picking cotton. Then they said the same thing until Rosa Parks wouldn't give up her seat. "It's a dumb idea." Actually it's a great idea, and if you really were a fan you'd do what you could to see it come to fruition. Sorry if it isn't the "investment vehicle" you were looking for, but ask any true fan of the Green Bay Packers if they really mind. Thank you for explaining it. Not sure why it's so difficult to comprehend. It's not about being an investment, it's about taking the utmost pride in your team and doing what any other fan would beg to be able to do. I assume all of this talk is sarcasm, right? It's not like the Packers voted on what to do with Favre. Wow, purchasing the Bills would be like freeing the slaves or enfranchising blacks. You should have had brain surgery instead. The idea is stupid not because of it's potential as an investment or as a source of civic pride, but because it is a futile discussion. The league cannot be challenged on this--especially if the angle is threatening their antitrust exemption. That's never going to change. It'ss a nice dream, but is it really better to replace 6 or 8 people with no talent for running an NFL franchise with 3,000,000 such people? Rochester considers itself Finger Lakes. Never Central NY. PTR---East side. Link to comment Share on other sites More sharing options...
Leonidas Posted March 27, 2009 Share Posted March 27, 2009 Wow, purchasing the Bills would be like freeing the slaves or enfranchising blacks. You should have had brain surgery instead. First of all, go !@#$ yourself. Second of all, it was an analogy. For some reason, people like you and KnockOut30 can't seem to get those. Link to comment Share on other sites More sharing options...
Beerball Posted March 27, 2009 Share Posted March 27, 2009 spine surgery this morning, sorry... apparently your drugs suck Link to comment Share on other sites More sharing options...
Beerball Posted March 27, 2009 Share Posted March 27, 2009 First of all, go !@#$ yourself. Second of all, it was an analogy. For some reason, people like you and KnockOut30 can't seem to get those. great, now you're feeling like yourself again! Link to comment Share on other sites More sharing options...
VABills Posted March 27, 2009 Share Posted March 27, 2009 spine surgery this morning, sorry... Not like we brought up copying DVDs, cooking noodles, how many wrestling tapes you have and cry over, nor did we bring up your potato salad at a tail gate. So STFU and go with the flow. You must be a horrible person. Link to comment Share on other sites More sharing options...
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