August 25, 2024Aug 25 comment_1758317 4 hours ago, JC said: Man I wish "investing heavily" meant that something was no longer a need. Unfortunately that investment has to show value on it's own, not just because we paid a lot for it. Anyone want to buy some NFTs?
August 25, 2024Aug 25 comment_1758341 6 hours ago, JC said: So does Gilliam deserve a roster spot??? Is one open?
August 25, 2024Aug 25 comment_1758349 18 minutes ago, claptonrocks said: So does Gilliam deserve a roster spot??? Is one open? Practice squad
August 25, 2024Aug 25 comment_1758350 6 minutes ago, High School Harry said: Practice squad He wont be a Bengal long then ..
August 25, 2024Aug 25 comment_1758353 26 minutes ago, claptonrocks said: So does Gilliam deserve a roster spot??? I think he does. I would keep 10 OL.
August 25, 2024Aug 25 comment_1758355 Just now, BlackJesus said: I think he does. I would keep 10 OL. Absolutely my thoughts as well. He played well enough to backup.
August 25, 2024Aug 25 comment_1758368 1 hour ago, claptonrocks said: So does Gilliam deserve a roster spot??? Is one open? I would say yes. He’s a good player…and a distant relation!
August 26, 2024Aug 26 comment_1758413 1 hour ago, Griever said: Really happy for Michael Thomas. 🧡 One of the best overall men the Bengals locker room has ever had. I was hoping he would become a Bengals position coach in the future too.
August 27, 2024Aug 27 comment_1758541 1 hour ago, Griever said: 🤔 ... Such a terrible idea. Inviting in the soul-less blood-sucking leeches will not benefit the game at all.
August 27, 2024Aug 27 comment_1758542 26 minutes ago, BlackJesus said: ... Such a terrible idea. Inviting in the soul-less blood-sucking leeches will not benefit the game at all. The current group of NFL owners aren’t exactly saints. The problem they are facing is the pool of individuals who can afford to buy a franchise shrinks every year as valuations go up and up. Private equity could actually help cash poor franchises like the Bengals or Raiders and they won’t be calling the shots with a 10% stake.
August 27, 2024Aug 27 comment_1758552 The Brown family are such control freaks I don't see them selling even 10%. I also don't think any NFL team is cash poor
August 27, 2024Aug 27 comment_1758603 ^ Private Equity will have a corrupting influence on the league in my view, plus it's just terrible optics. So now when you get evicted by BlackRock or Vanguard from your house you can look at your favorite NFL team wearing their chest logo patch, because they're 10% owners. I would love to see the approved list? Are the Saudis, Qatar, or Emirates money on it? Any dictators from various countries and their funds? What happens when X owns 10% and that team asks Elon Musk to kill an unpopular story involving their QB which is trending on his app?
August 27, 2024Aug 27 comment_1758611 Private Equity has gotten involved in areas where no one expected them to like healthcare and residential housing. Trying to squeeze blood from a turnip in those areas and causing issues. We all know NFL teams are crazy profitable, so of course private equity would want some of that. At those low ownership percentages they aren't going to have any influence unless its to sue a crazy owner who is driving the team into the ground (like Snyder). It gives an owner a chance to cash out a bit of dough, especially a guy like Brown. NFL owners are probably having a tough time finding really rich guys who want to buy minority shares and have zero say in management. Guys with tens to hundreds of millions to plop down on a small share of a NFL team still have big egos and want things done their way. Private equity will gladly take the returns and stay quiet. In this case I don't see a problem.
August 27, 2024Aug 27 Author comment_1758615 3 minutes ago, UncleEarl said: Private Equity has gotten involved in areas where no one expected them to like healthcare and residential housing. Trying to squeeze blood from a turnip in those areas and causing issues. We all know NFL teams are crazy profitable, so of course private equity would want some of that. At those low ownership percentages they aren't going to have any influence unless its to sue a crazy owner who is driving the team into the ground (like Snyder). It gives an owner a chance to cash out a bit of dough, especially a guy like Brown. NFL owners are probably having a tough time finding really rich guys who want to buy minority shares and have zero say in management. Guys with tens to hundreds of millions to plop down on a small share of a NFL team still have big egos and want things done their way. Private equity will gladly take the returns and stay quiet. In this case I don't see a problem. That's never how it works. PE will insist on showing profit and growth at the expense of all else. Which means corners get cut on things like stadium upgrades, or prices of food get increased 10 fold. There is zero chance they come in and just be quiet.
August 27, 2024Aug 27 comment_1758616 I have dealt with PE firms a lot in my bsuiness life. Two important things to consider: (1) They are more interested in the compnaies valuation increase then they are the annual income. In a normal business these go hand in hand in that the annual income created the increased value (EBITDA times an X factor). So for the NFL, they would be more interested in helping get greater overall revenue that disperses to the teams and increases the value of each club in turn. So they may start to want to do things 'overall' (not club specific) that may produce short term revenue but hurt the game long term. (2) They ususally on hold on to investments for 5-7 years - so once the value goes up they sell and take thier gains. Probalem is, once you let them in the door and the value goes up who do you then sell to?
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