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https://mobile.twitter.com/kingjames/status/293219795552321536?lang=en Those poor, broke owners
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Oct 23, 2018 21:23
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Krispy Wafer posted:Sure. Those deals were made when the NFL was the only TV category increasing year over year and the price reflected that. Ratings have dropped between 15 and 20% in the last 2 years. The next contract will reflect that. If viewership keeps going down the next contract is going to be a bloodbath. Yet you don't see franchise values decreasing to reflect some fear about forward projections of revenue, in fact the mid-market Carolina Panthers were just sold for a record $2.3B. The only financial worry you should have about professional sports franchises is when it will be your local city's turn to have their tax coffers and bond credit pilfered for the benefit of a for-profit legal cartel monopoly. Crying about money is a very obvious and predictable strategy for professional sports franchise owners who wish to accomplish two goals on a regular and recurring basis: extract money from governments and negotiate unfavorable collective bargaining agreements with players. BEHOLD: MY CAPE fucked around with this message at 21:50 on Oct 23, 2018 |
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Oct 23, 2018 21:47
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Krispy Wafer posted:Sure. Those deals were made when the NFL was the only TV category increasing year over year and the price reflected that. Ratings have dropped between 15 and 20% in the last 2 years. The next contract will reflect that. If viewership keeps going down the next contract is going to be a bloodbath. TV Ratings are way up again this season and the NFL still hasn't really tapped into digital and streaming markets in any meaningful way yet. Even the smallest markets can make money hand over fist because the biggest expense of a team(player wages) are capped by % of certain revenue streams.
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Oct 23, 2018 21:58
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I hope the 2021 strike will be GWM for the players unlike the last CBA
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Oct 23, 2018 22:01
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Tale as old as time. Money burning a hole in a young man's pocket, the allure of owning a 7-11, a hasty decision to buy and the inevitable regret. Regretting buying a franchise to the point of crying https://www.reddit.com/r/legaladvice/comments/9qrpc3/regretting_buying_a_franchise_to_the_point_of/ quote:I’m in an extremely dire predicament. I used 20 years of my life savings to buy a 7-11 franchisee and it’s been 4 days since I’ve had it and it’s been a completely nightmare. I want to die. The 7-11 costed me 172000 and the goodwill fee for the outgoing owner was another 70k. I don’t think I’ll ever get a ROI, or at least not until another 20 years later. The retail industry is soo demanding and I just bought myself a job that will have 3 times more hours and 4 times more stress. Is there anything I can do legally to get my money back? I wish I could contact a 7-11 franchise lawyer and know my options before hearing my “options “ from the corporate franchise sales rep. Is there a 30 day grace period? Edit: lol, 4 months ago, same poster: quote:Hello!
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Oct 23, 2018 22:45
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uh the idea that a sports franchise is unprofitable is complete bullshit and is a consequence of opaque accounting practices and manufacturing losses on the books to create losses for tax benefits. there's been several articles where financial have been leaked and accountants have gone through them and shown how profitable teams really are.
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Oct 23, 2018 22:46
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It only takes looking at the salaries of the top players make to know that it's complete horseshit that they don't make a lot of money. They're not paying those salaries out of generosity. The players have immense business value.
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Oct 23, 2018 22:48
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Hoodwinker posted:It only takes looking at the salaries of the top players make to know that it's complete horseshit that they don't make a lot of money. They're not paying those salaries out of generosity. The players have immense business value. Really the majority of players are probably getting a raw deal and the opacity is part of the negotiation. The NFL shares such a large portion of the revenue that puts most teams on a close level, then institutes salary floors and caps to maintain competitiveness and profitability.
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Oct 23, 2018 22:52
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can we post about people we know? my dad quit his lucrative career white collar career to move to rural new england and home school my siblings away from scrutiny where he owns 6 horses, a boat that doesn't run (and that he legally cannot operate) and instead of having health insurance uses his mystery income to purchase guns to help defend himself when the urban masses overflow the city slums. he's also about to be elected to a state office as a republican.
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Oct 23, 2018 23:01
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Seven Hundred Bee posted:can we post about people we know? that last sentence sounds gwm though...
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Oct 23, 2018 23:07
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Lockback posted:Tale as old as time. Money burning a hole in a young man's pocket, the allure of owning a 7-11, a hasty decision to buy and the inevitable regret. Assuming they’re US citizens, they probably have lots of room left under the lifetime gift tax exemption. (Plus it’s the giver and not recipient who is taxed.)
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Oct 23, 2018 23:08
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Seven Hundred Bee posted:can we post about people we know? There's a reason the show is called Ozark, it ain't set in New England otherwise all the show's dialogue would be unintelligible
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Oct 23, 2018 23:13
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Lockback posted:Tale as old as time. Money burning a hole in a young man's pocket, the allure of owning a 7-11, a hasty decision to buy and the inevitable regret. Who can resist the sirens' song of unlimited slushees?
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Oct 23, 2018 23:15
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BEHOLD: MY CAPE posted:Yet you don't see franchise values decreasing to reflect some fear about forward projections of revenue, in fact the mid-market Carolina Panthers were just sold for a record $2.3B. The only financial worry you should have about professional sports franchises is when it will be your local city's turn to have their tax coffers and bond credit pilfered for the benefit of a for-profit legal cartel monopoly. Crying about money is a very obvious and predictable strategy for professional sports franchise owners who wish to accomplish two goals on a regular and recurring basis: extract money from governments and negotiate unfavorable collective bargaining agreements with players. Team prices aren't meant to make sense. I think the Braves sold for like 400 million (back when they were still regularly winning their division). 10 years later the Marlins sold for 3 times that despite being miserable. Little about sports economics makes sense (like spending 1.5 billion on a new stadium that see's 8 high profile games a year and then maybe a NCAA bowl game, soccer, and tractor pulls the rest of the time). DariusLikewise posted:TV Ratings are way up again this season and the NFL still hasn't really tapped into digital and streaming markets in any meaningful way yet. Even the smallest markets can make money hand over fist because the biggest expense of a team(player wages) are capped by % of certain revenue streams. Huh, I didn't realize ratings had more or less stabilized, but it doesn't sound like they're way up. What I could find had them down 10% from a year ago or sometimes up 10%. I don't think streaming is going to help in any meaningful way. They might be able to make it work, but it'll be basic cable paydays compared to the current broadcast TV cash.
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Oct 23, 2018 23:25
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Financed a dog, $230 for 12 months https://www.reddit.com/r/legaladvice/comments/9qkb1j/a_pet_store_lied_to_us_and_took_out_a_7000_loan/ Something strange going on here, nothing clear about the loan or how his mom cosigned.
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Oct 24, 2018 00:06
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Seven Hundred Bee posted:he's also about to be elected to a state office as a republican. Just go full 1488 RaHoWa and watch the safety net materialize, ain't no one in america went broke by betting on racism.
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Oct 24, 2018 00:08
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Krispy Wafer posted:Sure. Those deals were made when the NFL was the only TV category increasing year over year and the price reflected that. Ratings have dropped between 15 and 20% in the last 2 years. The next contract will reflect that. If viewership keeps going down the next contract is going to be a bloodbath. The Mariners were purchased by an ownership group mostly financed by Nintendo of America in 1992 for $125 million dollars. They were sold in 2016 for $1.2 billion. That is a 35% annual simple interest rate. Extremely GWM.
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Oct 24, 2018 00:12
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Worked for an illegal grow. Now getting screwed https://www.reddit.com/r/legaladvice/comments/9qul59/worked_for_an_illegal_grow_now_getting_screwed/ quote:(Throwaway account)
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Oct 24, 2018 01:11
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Lockback posted:Worked for an illegal grow. Now getting screwed I had a friend in a really similar situation (this was many years ago), where he was getting paid in access to land for work he was doing for a small business, and the dude who owned the land and business attempted to evict him right when the pot had fully matured. He took the loving pot, which is the correct response.
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Oct 24, 2018 01:23
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In this case an anonymous tip is probably a good move.
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Oct 24, 2018 01:32
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Krispy Wafer posted:. Little about sports economics makes sense (like spending 1.5 billion on a new stadium that see's 8 high profile games a year and then maybe a NCAA bowl game, soccer, and tractor pulls the rest of the time). Makes a lot of sense if you're the team owner and the $1.5B is public money because you've been threatening to move the team to Vegas or St Louis
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Oct 24, 2018 01:38
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tomapot posted:Financed a dog, $230 for 12 months Always quote the post. poo poo's deleted now.
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Oct 24, 2018 02:42
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Sirotan posted:Found a great local BWM/tree law super combo: Nice, love me some tree law stories, especially when they're ten miles from my house!
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Oct 24, 2018 02:50
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Dik Hz posted:Always quote the post. poo poo's deleted now. It was quoted in the R/relationships thread in GBS. I'm phone posting so I can't point you to it but it's there sometime today.
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Oct 24, 2018 02:59
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Dik Hz posted:Always quote the post. poo poo's deleted now.
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Oct 24, 2018 03:00
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Holy loving poo poo he had to get a co-signer for his loving dog loan and then got bilked for two times the price of said dog. More like a Basset Howned
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Oct 24, 2018 03:18
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TraderStav posted:Nice, love me some tree law stories, especially when they're ten miles from my house! You know they sold all that lumber too, gently caress those guys they're just trying to bilk the county. This wasn't just a homeowner clearing some land in their property they're commerical Christmas tree growers. Bury them under one of the replacement trees.
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Oct 24, 2018 03:37
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What kind of communist county doesn’t allow them to own the trees on their own land? gently caress that place.
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Oct 24, 2018 04:09
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All the other tree law stories have penalties 10-100x that much per tree. What gives?
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Oct 24, 2018 04:12
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SpelledBackwards posted:All the other tree law stories have penalties 10-100x that much per tree. What gives? They owned the land and the trees. This is some sort of HOA level local government loving with them.
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Oct 24, 2018 04:35
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For context, according to my relatives in Michigan near(but not in) Canton, Canton's a town full of upper middle class people surrounded by towns full of working class people. In other words, the exact demographic for nitpicky HOA-level local governments. Haifisch fucked around with this message at 06:41 on Oct 24, 2018 |
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Oct 24, 2018 06:38
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I have mixed feelings. On one hand the city is basically pulling some HOA nonsense and telling them what to do what they can/can't do with their property. On the other hand they knocked down poo poo tons of trees to make a loving giant Christmas tree farm while ignoring the permit process to do so. I really enjoy how often this is being portrayed as "Yeah they knocked it down, but they are replacing the trees!" and ignoring that it's a loving Christmas tree farm.
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Oct 24, 2018 14:40
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Taking down that many trees can impact adjacent property due to changes in runoff etc I'd imagine
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Oct 24, 2018 14:55
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To me it's a lot like watershed issues; you can say 'oh this is nitpicky HOA stuff', but it's also true that removing trees can have a substantial impact on the surrounding area. Depending on the location, removing 1000 trees could have effects on waterflow and erosion that could impact lots of other people besides the owners. I would prefer that the process provide some sort of exemption for people who are doing stuff like removing a couple dangerous trees from their yard once every twenty years, especially where paying an additional $500 could be onerous. But I have no problem telling someone that before they clear-cut 1000 trees they have to check in with the county to make sure it's fine and either compensate or replace them. Especially when it's clearly part of a commercial project.
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Oct 24, 2018 14:56
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Making that cutoff away 6 inches in diameter is pretty extreme though. 6 inches in diameter is not an old growth tree that is irreplaceable.
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Oct 24, 2018 15:16
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therobit posted:Making that cutoff away 6 inches in diameter is pretty extreme though. 6 inches in diameter is not an old growth tree that is irreplaceable.
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Oct 24, 2018 16:10
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A 6” dbh tree is like 10 years old and worthless from a lumber perspective. As far as the environmental/drainage impact goes, yeah that poo poo can be important. BWM story: A dude built a koi pond behind his house a couple years ago. He transformed his entire backyard into a garden/oasis style thing, without getting any permits or anything. A few months later when it was time for some of our guys to mow the federally regulated flood protection levee that he had incorporated into this we got to give the Army Corps of Engineers a call to have them drive out and shove their boots up his rear end. He ended up having to completely remove every bit of landscaping and excavating he had done since it was all on our flood control easement and within range of the toe of the levee. Guy pissed away like 50 grand between building it all and then destroying it all a few months later.insufficient guns posted:Long-term loans: The fuel that's powering Canadian car sales
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Oct 24, 2018 16:43
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God I fucking love Diablo 3 gold, it even paid for this shitty title
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Suprfli6 posted:
Yeah I was thinking 100 out of 100 times you should roll your non-erasable student loan debt into anything else. Worst comes to worst you can declare bankruptcy and now it's the business holding undischargable debt and not you. But I think the story is from Canada or NZ or somewhere so their student loans may be different.
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Oct 24, 2018 16:51
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Ashcans posted:To me it's a lot like watershed issues; you can say 'oh this is nitpicky HOA stuff', but it's also true that removing trees can have a substantial impact on the surrounding area. Depending on the location, removing 1000 trees could have effects on waterflow and erosion that could impact lots of other people besides the owners. I would prefer that the process provide some sort of exemption for people who are doing stuff like removing a couple dangerous trees from their yard once every twenty years, especially where paying an additional $500 could be onerous. But I have no problem telling someone that before they clear-cut 1000 trees they have to check in with the county to make sure it's fine and either compensate or replace them. Especially when it's clearly part of a commercial project. Check out the full article that shows this is in a commercial district with warehouses around it, and used to be a dairy farm. The things clipped from the quote earlier are all the reasonable defenses from their lawyer. Don’t read the comments though.
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Oct 24, 2018 16:57
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StormDrain posted:Check out the full article that shows this is in a commercial district with warehouses around it, and used to be a dairy farm. The things clipped from the quote earlier are all the reasonable defenses from their lawyer. It seems like if there aren't that many trees around, it would make the trees that are there that much more important...?
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Oct 24, 2018 17:05
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